Congress Plans Stimulus to Slow Economic Growth
01/30/08 - The construction industry will get a boost at midyear from the $150 billion economic stimulus package that Congress is now debating, if the stimulus package is enacted. It will include accelerated depreciation for capital investment, possibly tax loss carry backs for unprofitable firms to recoup earlier income tax payments from the boom years and personal “tax rebate” checks in the late spring and summer that could be as high as several thousand dollars for working families with several children.
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