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style="background-color: #002466;color: #FFF;"><div><span class="tmp-color" style="color: #FFF">This article is part of <br />a series about</span></div><span class="vcard"><span class="fn"><a href="/wiki/George_W._Bush" title="George W. Bush"><span class="tmpl-colored-link" style="color: #FFF; text-decoration: inherit;">George W. Bush</span></a></span></span></td> </tr></tbody></table></th></tr><tr><td class="sidebar-content"> <hr /> <div class="hidden-begin mw-collapsible mw-collapsed" style=""><div class="hidden-title skin-nightmode-reset-color" style="">Business and personal</div><div class="hidden-content mw-collapsible-content" style="text-align:center;"> <ul><li><a href="/wiki/Early_life_of_George_W._Bush" title="Early life of George W. Bush">Early life</a></li> <li><a href="/wiki/Professional_life_of_George_W._Bush" title="Professional life of George W. Bush">Professional life</a></li> <li><a href="/wiki/List_of_things_named_after_George_W._Bush" title="List of things named after George W. Bush">Eponyms</a></li> <li><a href="/wiki/Bush_family" title="Bush family">Family</a></li> <li><a href="/wiki/List_of_awards_and_honors_received_by_George_W._Bush" title="List of awards and honors received by George W. Bush">Honors</a></li> <li><a href="/wiki/Public_image_of_George_W._Bush" title="Public image of George W. Bush">Public image</a></li> <li><a href="/wiki/Bibliography_of_George_W._Bush" title="Bibliography of George W. Bush">Bibliography</a></li> <li>Non-profit organizaitons <ul><li><a href="/wiki/Clinton_Bush_Haiti_Fund" title="Clinton Bush Haiti Fund">Clinton Bush Haiti Fund</a></li> <li><a href="/wiki/One_America_Appeal" title="One America Appeal">One America Appeal</a></li></ul></li></ul> </div></div> <hr /> <div class="hidden-begin mw-collapsible mw-collapsed" style=""><div class="hidden-title skin-nightmode-reset-color" style="">46th Governor of Texas</div><div class="hidden-content mw-collapsible-content" style="text-align:center;"> <ul><li><a href="/wiki/Governorship_of_George_W._Bush" title="Governorship of George W. Bush">Governorship</a></li> <li><a href="/wiki/Electoral_history_of_George_W._Bush" title="Electoral history of George W. Bush">Elections</a></li></ul> </div></div> <hr /> <div class="hidden-begin mw-collapsible mw-collapsed" style=""><div class="hidden-title skin-nightmode-reset-color" style="">43rd President of the United States</div><div class="hidden-content mw-collapsible-content" style="text-align:center;"> <ul><li><a href="/wiki/Presidency_of_George_W._Bush" title="Presidency of George W. Bush">Presidency</a> <ul><li><a href="/wiki/Timeline_of_the_George_W._Bush_presidency" title="Timeline of the George W. Bush presidency">timeline</a></li></ul></li> <li><a href="/wiki/Presidential_transition_of_George_W._Bush" title="Presidential transition of George W. Bush">Transition</a></li> <li>Inaugurations <ul><li><a href="/wiki/First_inauguration_of_George_W._Bush" title="First inauguration of George W. Bush">first</a></li> <li><a href="/wiki/Second_inauguration_of_George_W._Bush" title="Second inauguration of George W. Bush">second</a></li></ul></li> <li><a href="/wiki/Efforts_to_impeach_George_W._Bush" title="Efforts to impeach George W. Bush">Efforts to impeach</a></li> <li><a href="/wiki/George_W._Bush_Presidential_Center" title="George W. Bush Presidential Center">Presidential library</a></li></ul> </div></div> <hr /> <div class="hidden-begin mw-collapsible mw-collapsed" style=""><div class="hidden-title skin-nightmode-reset-color" style="">Tenure</div><div class="hidden-content mw-collapsible-content" style="text-align:center;"> <ul><li><a href="/wiki/September_11_attacks" title="September 11 attacks">September 11 attacks</a></li> <li><a href="/wiki/War_on_terror" title="War on terror">War on terror</a> <ul><li><a href="/wiki/War_in_Afghanistan_(2001%E2%80%932021)" title="War in Afghanistan (2001–2021)">War in Afghanistan</a></li></ul></li> <li><a href="/wiki/Patriot_Act" title="Patriot Act">Patriot Act</a></li> <li><a href="/wiki/No_Child_Left_Behind_Act" title="No Child Left Behind Act">No Child Left Behind Act</a></li> <li><a href="/wiki/2003_invasion_of_Iraq" title="2003 invasion of Iraq">Invasion of Iraq</a> <ul><li><a href="/wiki/Iraq_and_weapons_of_mass_destruction" title="Iraq and weapons of mass destruction">Iraq and weapons of mass destruction</a></li></ul></li> <li><a href="/wiki/Hurricane_Katrina" title="Hurricane Katrina">Hurricane Katrina</a></li> <li><a href="/wiki/Iraq_War" title="Iraq War">Iraq War</a> <ul><li><a href="/wiki/Iraq_War_troop_surge_of_2007" title="Iraq War troop surge of 2007">2007 Iraq surge</a></li></ul></li> <li><a href="/wiki/Dismissal_of_U.S._attorneys_controversy" title="Dismissal of U.S. attorneys controversy">Dismissal of U.S. attorneys controversy</a> <ul><li><a href="/wiki/Bush_White_House_email_controversy" title="Bush White House email controversy">Email controversy</a></li></ul></li> <li><a href="/wiki/Great_Recession" title="Great Recession">Great Recession</a> <ul><li><a class="mw-selflink selflink">Economic Stimulus Act</a></li></ul></li></ul> </div></div> <hr /> <div class="hidden-begin mw-collapsible mw-collapsed" style=""><div class="hidden-title skin-nightmode-reset-color" style=""><a href="/wiki/Political_positions_of_George_W._Bush" title="Political positions of George W. Bush">Policies</a></div><div class="hidden-content mw-collapsible-content" style="text-align:center;"> <ul><li><a href="/wiki/Domestic_policy_of_the_George_W._Bush_administration" title="Domestic policy of the George W. Bush administration">Domestic</a></li> <li><a href="/wiki/Economic_policy_of_the_George_W._Bush_administration" title="Economic policy of the George W. Bush administration">Economy</a></li> <li><a href="/wiki/Foreign_policy_of_the_George_W._Bush_administration" title="Foreign policy of the George W. Bush administration">Foreign</a> <ul><li><a href="/wiki/Bush_Doctrine" title="Bush Doctrine">Bush Doctrine</a></li> <li><a href="/wiki/List_of_international_presidential_trips_made_by_George_W._Bush" title="List of international presidential trips made by George W. Bush">international trips</a></li></ul></li> <li><a href="/wiki/Space_policy_of_the_George_W._Bush_administration" title="Space policy of the George W. Bush administration">Space</a></li> <li><a href="/wiki/Climate_change_policy_of_the_George_W._Bush_administration" title="Climate change policy of the George W. Bush administration">Climate change</a></li> <li><a href="/wiki/List_of_George_W._Bush_legislation_and_programs" title="List of George W. Bush legislation and programs">Legislation and programs</a></li> <li><a href="/wiki/List_of_people_pardoned_by_George_W._Bush" title="List of people pardoned by George W. Bush">Pardons</a></li></ul> </div></div> <hr /> <div class="hidden-begin mw-collapsible mw-collapsed" style=""><div class="hidden-title skin-nightmode-reset-color" style="">Appointments</div><div class="hidden-content mw-collapsible-content" style="text-align:center;"> <ul><li><a href="/wiki/List_of_federal_judges_appointed_by_George_W._Bush" title="List of federal judges appointed by George W. Bush">Federal judges</a> <ul><li><a href="/wiki/John_Roberts_Supreme_Court_nominations" title="John Roberts Supreme Court nominations">Roberts</a></li> <li><a href="/wiki/Harriet_Miers_Supreme_Court_nomination" title="Harriet Miers Supreme Court nomination">Miers</a></li> <li><a href="/wiki/Samuel_Alito_Supreme_Court_nomination" title="Samuel Alito Supreme Court nomination">Alito</a></li> <li><a href="/wiki/George_W._Bush_Supreme_Court_candidates" title="George W. Bush Supreme Court candidates">George W. Bush Supreme Court candidates</a></li></ul></li></ul> </div></div> <hr /> <div class="hidden-begin mw-collapsible mw-collapsed" style=""><div class="hidden-title skin-nightmode-reset-color" style="">Presidential campaigns</div><div class="hidden-content mw-collapsible-content" style="text-align:center;"> <ul><li><a href="/wiki/George_W._Bush_2000_presidential_campaign" title="George W. Bush 2000 presidential campaign">2000</a> <ul><li><a href="/wiki/2000_United_States_presidential_election" title="2000 United States presidential election">election</a></li> <li><a href="/wiki/2000_Republican_Party_presidential_primaries" title="2000 Republican Party presidential primaries">primaries</a></li> <li><a href="/wiki/2000_Republican_National_Convention" title="2000 Republican National Convention">convention</a></li> <li><a href="/wiki/2000_United_States_presidential_debates" title="2000 United States presidential debates">debates</a> <ul><li><a href="/wiki/2000_United_States_presidential_election_recount_in_Florida" title="2000 United States presidential election recount in Florida">Florida recount</a> <ul><li><i><a href="/wiki/Bush_v._Gore" title="Bush v. Gore">Bush v. Gore</a></i></li></ul></li></ul></li></ul></li> <li><a href="/wiki/George_W._Bush_2004_presidential_campaign" title="George W. Bush 2004 presidential campaign">2004</a> <ul><li><a href="/wiki/2004_United_States_presidential_election" title="2004 United States presidential election">election</a></li> <li><a href="/wiki/2004_Republican_Party_presidential_primaries" title="2004 Republican Party presidential primaries">primaries</a></li> <li><a href="/wiki/2004_Republican_National_Convention" title="2004 Republican National Convention">convention</a></li> <li><a href="/wiki/2004_United_States_presidential_debates" title="2004 United States presidential debates">debates</a></li></ul></li></ul> </div></div> <hr /> <div class="skin-invert-image"><span class="notpageimage" typeof="mw:File"><a href="/wiki/George_W._Bush" title="George W. Bush's signature"><img alt="George W. Bush's signature" src="//upload.wikimedia.org/wikipedia/commons/thumb/3/32/GeorgeWBush_Signature.svg/150px-GeorgeWBush_Signature.svg.png" decoding="async" width="150" height="69" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/3/32/GeorgeWBush_Signature.svg/225px-GeorgeWBush_Signature.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/3/32/GeorgeWBush_Signature.svg/300px-GeorgeWBush_Signature.svg.png 2x" data-file-width="475" data-file-height="220" /></a></span></div> <span typeof="mw:File"><span><img alt="Seal of the President of the United States" src="//upload.wikimedia.org/wikipedia/commons/thumb/3/36/Seal_of_the_President_of_the_United_States.svg/70px-Seal_of_the_President_of_the_United_States.svg.png" decoding="async" width="70" height="70" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/3/36/Seal_of_the_President_of_the_United_States.svg/105px-Seal_of_the_President_of_the_United_States.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/3/36/Seal_of_the_President_of_the_United_States.svg/140px-Seal_of_the_President_of_the_United_States.svg.png 2x" data-file-width="2424" data-file-height="2425" /></span></span></td> </tr><tr><td class="sidebar-navbar"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><style data-mw-deduplicate="TemplateStyles:r1239400231">.mw-parser-output .navbar{display:inline;font-size:88%;font-weight:normal}.mw-parser-output .navbar-collapse{float:left;text-align:left}.mw-parser-output .navbar-boxtext{word-spacing:0}.mw-parser-output .navbar ul{display:inline-block;white-space:nowrap;line-height:inherit}.mw-parser-output .navbar-brackets::before{margin-right:-0.125em;content:"[ "}.mw-parser-output .navbar-brackets::after{margin-left:-0.125em;content:" ]"}.mw-parser-output .navbar li{word-spacing:-0.125em}.mw-parser-output .navbar a>span,.mw-parser-output .navbar a>abbr{text-decoration:inherit}.mw-parser-output .navbar-mini abbr{font-variant:small-caps;border-bottom:none;text-decoration:none;cursor:inherit}.mw-parser-output .navbar-ct-full{font-size:114%;margin:0 7em}.mw-parser-output .navbar-ct-mini{font-size:114%;margin:0 4em}html.skin-theme-clientpref-night .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}@media(prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}}@media print{.mw-parser-output .navbar{display:none!important}}</style><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:George_W._Bush_series" title="Template:George W. Bush series"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:George_W._Bush_series" title="Template talk:George W. Bush series"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:George_W._Bush_series" title="Special:EditPage/Template:George W. Bush series"><abbr title="Edit this template">e</abbr></a></li></ul></div></td></tr></tbody></table> <p>The <b>Economic Stimulus Act of 2008</b> (<a href="/wiki/Act_of_Congress#Public_law,_private_law,_designation" title="Act of Congress"><abbr title="Public Law">Pub. L.</abbr></a> <a rel="nofollow" class="external text" href="https://www.govinfo.gov/link/plaw/110/public/185?link-type=html">110–185 (text)</a> <a rel="nofollow" class="external text" href="https://www.govinfo.gov/link/plaw/110/public/185?link-type=pdf&.pdf">(PDF)</a>, 122 <a href="/wiki/United_States_Statutes_at_Large" title="United States Statutes at Large">Stat.</a> <a rel="nofollow" class="external text" href="https://legislink.org/us/stat-122-613">613</a>, enacted <span data-sort-value="000000002008-02-13-0000" style="white-space:nowrap">February 13, 2008</span>) was an <a href="/wiki/Act_of_Congress" title="Act of Congress">Act</a> of <a href="/wiki/United_States_Congress" title="United States Congress">Congress</a> providing for several kinds of <a href="/wiki/Economic_stimuli" class="mw-redirect" title="Economic stimuli">economic stimuli</a> intended to boost the <a href="/wiki/United_States_economy" class="mw-redirect" title="United States economy">United States economy</a> in 2008 and to avert a <a href="/wiki/Recession" title="Recession">recession</a>, or ameliorate economic conditions. The stimulus package was passed by the <a href="/wiki/U.S._House_of_Representatives" class="mw-redirect" title="U.S. House of Representatives">U.S. House of Representatives</a> on January 29, 2008, and in a slightly different version by the <a href="/wiki/U.S._Senate" class="mw-redirect" title="U.S. Senate">U.S. Senate</a> on February 7, 2008. The Senate version was then approved in the House the same day.<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> It was signed into law on February 13, 2008, by President <a href="/wiki/George_W._Bush" title="George W. Bush">George W. Bush</a> with the support of both <a href="/wiki/Democratic_Party_(United_States)" title="Democratic Party (United States)">Democratic</a> and <a href="/wiki/Republican_(United_States)" class="mw-redirect" title="Republican (United States)">Republican</a> lawmakers. The law provides for <a href="/wiki/Tax_rebate" class="mw-redirect" title="Tax rebate">tax rebates</a> to low- and middle-income <a href="/wiki/U.S._taxpayers" class="mw-redirect" title="U.S. taxpayers">U.S. taxpayers</a>, <a href="/wiki/Tax_incentive" title="Tax incentive">tax incentives</a> to stimulate business investment, and an increase in the limits imposed on <a href="/wiki/Mortgages" class="mw-redirect" title="Mortgages">mortgages</a> eligible for purchase by <a href="/wiki/Government-sponsored_enterprise" title="Government-sponsored enterprise">government-sponsored enterprises</a> (e.g. <a href="/wiki/Fannie_Mae" title="Fannie Mae">Fannie Mae</a> and <a href="/wiki/Freddie_Mac" title="Freddie Mac">Freddie Mac</a>). The total cost of this bill was projected at $152 billion for 2008.<sup id="cite_ref-govtrack_budget_2-0" class="reference"><a href="#cite_note-govtrack_budget-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Tax_rebates">Tax rebates</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Economic_Stimulus_Act_of_2008&action=edit&section=1" title="Edit section: Tax rebates"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Tax rebates that were created by the law were paid to individual U.S. taxpayers during 2008. Most taxpayers below the income limit received a rebate of at least $300 per person ($600 for married couples filing jointly). Eligible taxpayers received, along with their individual payment, $300 per dependent child under the age of 17. The payment was equal to the payer's net income tax liability, but could not exceed $600 (for a single person) or $1200 (married couple filing jointly).<sup id="cite_ref-govtrack_3-0" class="reference"><a href="#cite_note-govtrack-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> Net liability can be found in these locations: </p> <ul><li>Form 1040: line 57 plus line 52</li> <li>Form 1040A: Line 35 plus line 32</li> <li>Form 1040EZ: line 10</li></ul> <p>Those with no net tax liability were still eligible to receive a rebate, provided, they met minimum qualifying income of $3,000 per year.<sup id="cite_ref-irsdotgov_4-0" class="reference"><a href="#cite_note-irsdotgov-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> Rebates were phased out for taxpayers with <a href="/wiki/Adjusted_gross_income" title="Adjusted gross income">adjusted gross incomes</a> greater than $75,000 ($150,000 for couples filing jointly) in 2007. For taxpayers with incomes greater than $75,000, rebates were reduced at a rate of 5% of the income above this limit. Individuals who were claimed as dependents by another taxpayer were not eligible for the rebates.<sup id="cite_ref-govtrack_3-1" class="reference"><a href="#cite_note-govtrack-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> </p><p>The $3,000 of qualifying income included earned income (e.g., wages, self-employment income, Social Security), however Supplemental Security Income did not count as qualifying income for the stimulus payment. Also, low-income workers were required to file a return to receive the payment, even if they would not be required to file for income tax purposes.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>Some taxpayers who exceeded the income limits, but had qualifying children, still received a rebate. For example, a single parent whose 2007 adjusted gross income was $90,000, paid more than $600 in 2007 taxes and had two qualifying children received a rebate of $450. The IRS added together a $600 rebate for the parent and $600 for the two children to get $1,200, then subtracted the phaseout reduction of $750 ($50 for each $1,000 income above $75,000) to get $450.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> According to the IRS, the stimulus payment did not reduce taxpayers' 2008 refunds or increase the amount owed when filing 2008 returns.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p><p>The payment schedule was based on whether the taxpayer's 2007 tax return listed direct deposit information as well as the last two digits of the social security number of the tax return's main filer, with direct deposits being sent between May 2 and May 16, and paper checks being sent between May 16 and July 11.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> On April 25, 2008, President Bush announced that the rebates would start going out on April 28, 2008 and the paper checks would be sent out starting on March 28, earlier than previously announced by the IRS.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> </p><p>Taxpayers who used direct deposit for their refunds received the stimulus payment that same way, provided they had not: </p> <ul><li>Taken out a <a href="/wiki/Refund_anticipation_loan" title="Refund anticipation loan">refund anticipation loan</a> or "rapid refund";</li> <li>Used a service such as <a href="/wiki/TurboTax" title="TurboTax">TurboTax</a> and had the transmission fees taken out of the refund amount;</li> <li>Had their refund deposited across two accounts;</li> <li>Allowed their tax preparer (such as a <a href="/wiki/Certified_Public_Accountant" title="Certified Public Accountant">CPA</a>) to deduct their fee from the refund amount.</li></ul> <p>If any of these scenarios applied, the payment was sent as a paper check through U.S. mail. </p> <div class="mw-heading mw-heading2"><h2 id="Rationale">Rationale</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Economic_Stimulus_Act_of_2008&action=edit&section=2" title="Edit section: Rationale"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>As 2008 began, economic indicators suggested an increased risk of recession. <a href="/wiki/Federal_Reserve_System" class="mw-redirect" title="Federal Reserve System">Federal Reserve</a> Chairman <a href="/wiki/Ben_Bernanke" title="Ben Bernanke">Ben Bernanke</a> testified before Congress that quick action was needed to stimulate the economy through targeted government spending and tax incentives.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> Congress moved rapidly to pass such legislation. The legislation was designed to stimulate spending by businesses and consumers during 2008. The hope was that the targeted individual tax rebates would boost <a href="/wiki/Consumer_spending" title="Consumer spending">consumer spending</a> and that targeted tax incentives would boost business spending. </p><p>Lawmakers raised the limits on conforming mortgages eligible for government insurance and GSE purchase in response to the <a href="/wiki/Subprime_mortgage_crisis" title="Subprime mortgage crisis">subprime mortgage crisis</a>. This crisis had resulted in a widespread <a href="/wiki/Credit_crunch" title="Credit crunch">credit crunch</a> by late 2007. The credit crunch led to a reluctance by lenders to issue so-called <a href="/wiki/Jumbo_mortgages" class="mw-redirect" title="Jumbo mortgages">jumbo mortgages</a> for the purchase of houses that exceeded the FHA and GSE limits. The <a href="/wiki/United_States_housing_bubble" class="mw-redirect" title="United States housing bubble">United States housing bubble</a> had pushed house prices above those limits in many areas of the country. As interest rates rose for jumbo mortgages, fewer buyers could afford them, and house prices were being forced down toward the limits for conforming mortgages. By raising those limits, lawmakers hoped to slow or halt the decline in house prices, which threatened the financial well-being of homeowners, banks and other financial entities holding jumbo mortgages. </p><p>The FHA loan limits also went up with the stimulus package on March 6. The loan limit package is called "FHA Forward."<sup id="cite_ref-fhalimits_11-0" class="reference"><a href="#cite_note-fhalimits-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Impact">Impact</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Economic_Stimulus_Act_of_2008&action=edit&section=3" title="Edit section: Impact"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>A December 2009 study found that only about one-third of the tax rebate was spent, providing only a modest amount of stimulus.<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> </p><p>Another study compared the spending patterns of households that received their stimulus payments early on with the spending of patterns of households who had not yet received their payments. The researchers found that the stimulus checks increased spending for the typical family by 3.5% when the rebate arrived, boosting overall nondurable consumption by 2.4% in the second quarter of 2008.<sup id="cite_ref-Broda_13-0" class="reference"><a href="#cite_note-Broda-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> The study concludes that the rebate payments for U.S. households were an effective stimulus method by increasing disposable income despite the predictions of certain economic theories such as the <a href="/wiki/Permanent_income_hypothesis" title="Permanent income hypothesis">permanent income hypothesis</a>.<sup id="cite_ref-Broda_13-1" class="reference"><a href="#cite_note-Broda-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Immigration_restrictions">Immigration restrictions</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Economic_Stimulus_Act_of_2008&action=edit&section=4" title="Edit section: Immigration restrictions"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Taxpayers who filed their returns jointly were not eligible for payment if any of the persons on the tax return filed with an <a href="/wiki/Individual_Taxpayer_Identification_Number" title="Individual Taxpayer Identification Number">Individual Taxpayer Identification Number</a> (ITIN) instead of a <a href="/wiki/Social_security_number" class="mw-redirect" title="Social security number">social security number</a>.<sup id="cite_ref-irsdotgov_4-1" class="reference"><a href="#cite_note-irsdotgov-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> For example, if a family of five had one parent with an ITIN, no money is payable to any member of the family, including US citizens with valid social security numbers.<sup id="cite_ref-militarydotcom_14-0" class="reference"><a href="#cite_note-militarydotcom-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> The rule was added after the <a href="/wiki/Federation_for_American_Immigration_Reform" title="Federation for American Immigration Reform">Federation for American Immigration Reform</a> (FAIR), an anti-immigration organization with ties to <a href="/wiki/White_nationalism" title="White nationalism">white nationalism</a>,<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> lobbied the Senate for the change.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> The amendment was proposed by Senator <a href="/wiki/John_Ensign" title="John Ensign">John Ensign</a> of Nevada.<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> </p><p>As a result, many legal <a href="/wiki/Resident_aliens" class="mw-redirect" title="Resident aliens">resident aliens</a> and overseas <a href="/wiki/Military" title="Military">military</a> families did not receive any payment. US citizens who did not receive payments included those who filed a joint tax return for 2007 and included an individual taxpayer identification number, or ITIN, on the document. In this case the entire family was ineligible for the economic stimulus rebate President Bush announced in 2008.<sup id="cite_ref-stripes_18-0" class="reference"><a href="#cite_note-stripes-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup> At least one million legal residents and tens of thousands of troops were affected by the law, which was designed to keep illegal immigrants from getting stimulus checks.<sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Economic_Stimulus_Act_of_2008&action=edit&section=5" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/American_Recovery_and_Reinvestment_Act_of_2009" title="American Recovery and Reinvestment Act of 2009">American Recovery and Reinvestment Act of 2009</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Economic_Stimulus_Act_of_2008&action=edit&section=6" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.foxnews.com/story/house-follows-senate-in-approving-economic-stimulus-plan">"House Follows Senate in Approving Economic Stimulus Plan"</a>. 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Retrieved <span class="nowrap">10 July</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Wall+Street+Journal&rft.atitle=Most+2008+Stimulus+Checks+Were+Saved%2C+Not+Spent&rft.date=2009-12-16&rft.aulast=Murray&rft.aufirst=Sara&rft_id=https%3A%2F%2Fblogs.wsj.com%2Feconomics%2F2009%2F12%2F16%2Fmost-2008-stimulus-checks-were-saved-not-spent%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEconomic+Stimulus+Act+of+2008" class="Z3988"></span></span> </li> <li id="cite_note-Broda-13"><span class="mw-cite-backlink">^ <a href="#cite_ref-Broda_13-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Broda_13-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBroda2008" class="citation web cs1">Broda, Christian (15 August 2008). <a rel="nofollow" class="external text" href="http://www.voxeu.org/index.php?q=node/1541">"The impact of the 2008 rebate"</a>. <i>Economic Stimulus Act of 2008</i><span class="reference-accessdate">. Retrieved <span class="nowrap">20 March</span> 2012</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Economic+Stimulus+Act+of+2008&rft.atitle=The+impact+of+the+2008+rebate&rft.date=2008-08-15&rft.aulast=Broda&rft.aufirst=Christian&rft_id=http%3A%2F%2Fwww.voxeu.org%2Findex.php%3Fq%3Dnode%2F1541&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEconomic+Stimulus+Act+of+2008" class="Z3988"></span></span> </li> <li id="cite_note-militarydotcom-14"><span class="mw-cite-backlink"><b><a href="#cite_ref-militarydotcom_14-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFWeaverJohn_Vandiver2008" class="citation news cs1">Weaver, Teri; John Vandiver (2008-03-29). <a rel="nofollow" class="external text" href="http://www.military.com/news/article/itin-ineligible-for-special-rebate.html">"ITIN Ineligible for Special Rebate"</a>. Military.Com<span class="reference-accessdate">. Retrieved <span class="nowrap">2008-05-14</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=ITIN+Ineligible+for+Special+Rebate&rft.date=2008-03-29&rft.aulast=Weaver&rft.aufirst=Teri&rft.au=John+Vandiver&rft_id=http%3A%2F%2Fwww.military.com%2Fnews%2Farticle%2Fitin-ineligible-for-special-rebate.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEconomic+Stimulus+Act+of+2008" class="Z3988"></span></span> </li> <li id="cite_note-15"><span class="mw-cite-backlink"><b><a href="#cite_ref-15">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.splcenter.org/fighting-hate/extremist-files/group/federation-american-immigration-reform">"Federation for American Immigration Reform"</a>. <i>Southern Poverty Law Center</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2021-12-30</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Southern+Poverty+Law+Center&rft.atitle=Federation+for+American+Immigration+Reform&rft_id=https%3A%2F%2Fwww.splcenter.org%2Ffighting-hate%2Fextremist-files%2Fgroup%2Ffederation-american-immigration-reform&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEconomic+Stimulus+Act+of+2008" class="Z3988"></span></span> </li> <li id="cite_note-16"><span class="mw-cite-backlink"><b><a href="#cite_ref-16">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.fairus.org/site/PageServer?pagename=research_mar08nl01?&printer_friendly=1">"Home - Federation for American Immigration Reform"</a>. <i>www.fairus.org</i>. 15 June 2017<span class="reference-accessdate">. Retrieved <span class="nowrap">10 April</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.fairus.org&rft.atitle=Home+-+Federation+for+American+Immigration+Reform&rft.date=2017-06-15&rft_id=http%3A%2F%2Fwww.fairus.org%2Fsite%2FPageServer%3Fpagename%3Dresearch_mar08nl01%3F%26printer_friendly%3D1&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEconomic+Stimulus+Act+of+2008" class="Z3988"></span></span> </li> <li id="cite_note-17"><span class="mw-cite-backlink"><b><a href="#cite_ref-17">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.youtube.com/watch?v=qSXqiyqLVd4">"YouTube"</a>. <i>www.youtube.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">10 April</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.youtube.com&rft.atitle=YouTube&rft_id=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DqSXqiyqLVd4&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEconomic+Stimulus+Act+of+2008" class="Z3988"></span><sup class="noprint Inline-Template"><span style="white-space: nowrap;">[<i><a href="/wiki/Wikipedia:Link_rot" title="Wikipedia:Link rot"><span title=" Dead YouTube link tagged February 2022">dead YouTube link</span></a></i>]</span></sup></span> </li> <li id="cite_note-stripes-18"><span class="mw-cite-backlink"><b><a href="#cite_ref-stripes_18-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFWeaverJohn_Vandiver" class="citation news cs1">Weaver, Teri; John Vandiver. <a rel="nofollow" class="external text" href="http://www.stripes.com/article.asp?section=104&article=61043&archive=true">"Joint tax returns using ITIN ineligible for special rebate"</a><span class="reference-accessdate">. Retrieved <span class="nowrap">2008-05-14</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Joint+tax+returns+using+ITIN+ineligible+for+special+rebate&rft.aulast=Weaver&rft.aufirst=Teri&rft.au=John+Vandiver&rft_id=http%3A%2F%2Fwww.stripes.com%2Farticle.asp%3Fsection%3D104%26article%3D61043%26archive%3Dtrue&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEconomic+Stimulus+Act+of+2008" class="Z3988"></span></span> </li> <li id="cite_note-19"><span class="mw-cite-backlink"><b><a href="#cite_ref-19">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMcLaughlin2008" class="citation news cs1">McLaughlin, Ken (2008-05-08). <a rel="nofollow" class="external text" href="http://www.mercurynews.com/ci_9191044">"For some U.S. troops, economic stimulus check is not in mail REBATE BYPASSES THOSE WITH FOREIGN SPOUSES"</a>. <i>San Jose Mercury News</i><span class="reference-accessdate">. Retrieved <span class="nowrap">May 8,</span> 2008</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=San+Jose+Mercury+News&rft.atitle=For+some+U.S.+troops%2C+economic+stimulus+check+is+not+in+mail+REBATE+BYPASSES+THOSE+WITH+FOREIGN+SPOUSES&rft.date=2008-05-08&rft.aulast=McLaughlin&rft.aufirst=Ken&rft_id=http%3A%2F%2Fwww.mercurynews.com%2Fci_9191044&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEconomic+Stimulus+Act+of+2008" class="Z3988"></span></span> </li> </ol></div></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Economic_Stimulus_Act_of_2008&action=edit&section=7" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a rel="nofollow" class="external text" href="https://www.govinfo.gov/content/pkg/COMPS-14564/uslm/COMPS-14564.xml">Economic Stimulus Act of 2008</a> as amended (<a rel="nofollow" class="external text" href="https://www.govinfo.gov/content/pkg/COMPS-14564/pdf/COMPS-14564.pdf">PDF</a>/<a rel="nofollow" class="external text" href="https://www.govinfo.gov/app/details/COMPS-14564">details</a>) in the <a href="/wiki/United_States_Government_Publishing_Office" title="United States Government Publishing Office">GPO</a> <a rel="nofollow" class="external text" href="https://www.govinfo.gov/help/comps">Statute Compilations collection</a></li> <li><a rel="nofollow" class="external text" href="https://www.govinfo.gov/link/statute/110/public/185?link-type=pdf&.pdf">Economic Stimulus Act of 2008</a> as enacted (<a rel="nofollow" class="external text" href="https://www.govinfo.gov/link/statute/110/public/185?link-type=details">details</a>) in the <a href="/wiki/United_States_Statutes_at_Large" title="United States Statutes at Large">US Statutes at Large</a></li> <li><a rel="nofollow" class="external text" href="https://www.congress.gov/bill/110th-congress/house-bill/5140">H.R. 5140</a> on <a href="/wiki/Congress.gov" title="Congress.gov">Congress.gov</a></li> <li><a rel="nofollow" class="external text" href="https://www.irs.gov/newsroom/article/0,,id=179181,00.html">Stimulus Payments: Answers to Frequently Asked Questions</a> dead link</li> <li><a rel="nofollow" class="external text" href="https://web.archive.org/web/20081009232931/http://blog.usa.gov/roller/govgab/entry/unclaimed_economic_stimulus_payments">Unclaimed Economic Stimulus Payments</a>, "GovGab", U.S. government blog, August 4, 2008</li></ul> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><style data-mw-deduplicate="TemplateStyles:r1236075235">.mw-parser-output .navbox{box-sizing:border-box;border:1px solid #a2a9b1;width:100%;clear:both;font-size:88%;text-align:center;padding:1px;margin:1em 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Bush administration">Space policy</a></span></li> <li><span class="nowrap"><a href="/wiki/Strategic_Offensive_Reductions_Treaty" title="Strategic Offensive Reductions Treaty">Strategic Offensive Reductions Treaty</a></span></li> <li><span class="nowrap"><a href="/wiki/War_on_terror" title="War on terror">"War on Terror"</a></span></li> <li><span class="nowrap"><a href="/wiki/President%27s_Council_on_Service_and_Civic_Participation" title="President's Council on Service and Civic Participation">President's Council on Service and Civic Participation</a></span> <ul><li><span class="nowrap"><a href="/wiki/President%27s_Volunteer_Service_Award" title="President's Volunteer Service Award">award</a></span></li></ul></li> <li><span class="nowrap"><a href="/wiki/Dismissal_of_U.S._attorneys_controversy" title="Dismissal of U.S. attorneys controversy">Dismissal of U.S. attorneys controversy</a></span></li> <li><span class="nowrap"><a href="/wiki/Bush_White_House_email_controversy" title="Bush White House email controversy">Email controversy</a></span></li> <li><span class="nowrap"><a href="/wiki/List_of_federal_judges_appointed_by_George_W._Bush" title="List of federal judges appointed by George W. Bush">Judicial appointments</a></span> <ul><li><span class="nowrap"><a href="/wiki/George_W._Bush_Supreme_Court_candidates" title="George W. Bush Supreme Court candidates">Supreme Court candidates</a></span></li> <li><span class="nowrap"><a href="/wiki/John_Roberts_Supreme_Court_nomination" class="mw-redirect" title="John Roberts Supreme Court nomination">John Roberts</a></span></li> <li><span class="nowrap"><a href="/wiki/Harriet_Miers_Supreme_Court_nomination" title="Harriet Miers Supreme Court nomination">Harriet Miers</a></span></li> <li><span class="nowrap"><a href="/wiki/Samuel_Alito_Supreme_Court_nomination" title="Samuel Alito Supreme Court nomination">Samuel Alito</a></span></li> <li><span class="nowrap"><a href="/wiki/George_W._Bush_judicial_appointment_controversies" title="George W. Bush judicial appointment controversies">controversies</a></span></li></ul></li> <li><span class="nowrap"><a href="/wiki/George_W._Bush_Cabinet" class="mw-redirect" title="George W. Bush Cabinet">Cabinet</a></span></li> <li><span class="nowrap"><a href="/wiki/List_of_people_pardoned_by_George_W._Bush" title="List of people pardoned by George W. Bush">Pardons</a></span></li> <li><span class="nowrap"><a href="/wiki/Efforts_to_impeach_George_W._Bush" title="Efforts to impeach George W. Bush">Impeachment efforts</a></span></li> <li><span class="nowrap"><a href="https://en.wikisource.org/wiki/Author:George_W._Bush/Executive_orders" class="extiw" title="wikisource:Author:George W. Bush/Executive orders">Executive orders</a></span></li> <li><span class="nowrap"><a href="https://en.wikisource.org/wiki/Author:George_W._Bush/Presidential_Proclamations" class="extiw" title="wikisource:Author:George W. Bush/Presidential Proclamations">Presidential proclamations</a></span></li> <li><span class="nowrap"><a href="/wiki/Presidential_transition_of_Barack_Obama" title="Presidential transition of Barack Obama">Obama transition</a></span></li></ul> </div></td><td class="noviewer navbox-image" rowspan="8" style="width:1px;padding:0 0 0 2px"><div><span class="mw-image-border" typeof="mw:File"><span><img alt="" src="//upload.wikimedia.org/wikipedia/commons/thumb/d/d4/George-W-Bush.jpeg/100px-George-W-Bush.jpeg" decoding="async" width="100" height="132" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/d/d4/George-W-Bush.jpeg/150px-George-W-Bush.jpeg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/d/d4/George-W-Bush.jpeg/200px-George-W-Bush.jpeg 2x" data-file-width="2267" data-file-height="3000" /></span></span><br /><br /><span typeof="mw:File"><a href="/wiki/File:Seal_of_the_President_of_the_United_States.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/3/36/Seal_of_the_President_of_the_United_States.svg/100px-Seal_of_the_President_of_the_United_States.svg.png" decoding="async" width="100" height="100" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/3/36/Seal_of_the_President_of_the_United_States.svg/150px-Seal_of_the_President_of_the_United_States.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/3/36/Seal_of_the_President_of_the_United_States.svg/200px-Seal_of_the_President_of_the_United_States.svg.png 2x" data-file-width="2424" data-file-height="2425" /></a></span></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Life and<br />legacy</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/George_W._Bush_Childhood_Home" title="George W. Bush Childhood Home">Childhood home</a></span></li> <li><span class="nowrap"><a href="/wiki/Early_life_of_George_W._Bush" title="Early life of George W. Bush">Early life and career</a></span></li> <li><span class="nowrap"><a href="/wiki/George_W._Bush_Presidential_Center" title="George W. Bush Presidential Center">Presidential library</a></span></li> <li><span class="nowrap"><a href="/wiki/Presidential_portraits_of_George_W._and_Laura_Bush" title="Presidential portraits of George W. and Laura Bush">Presidential portrait</a></span></li> <li><span class="nowrap"><a href="/wiki/George_W._Bush_military_service_controversy" title="George W. Bush military service controversy">Military service controversy</a></span> <ul><li><span class="nowrap"><a href="/wiki/Killian_documents_controversy" title="Killian documents controversy">Killian documents controversy</a></span></li> <li><span class="nowrap"><a href="/wiki/Killian_documents_authenticity_issues" title="Killian documents authenticity issues">authenticity issues</a></span></li></ul></li> <li><span class="nowrap"><a href="/wiki/Professional_life_of_George_W._Bush" title="Professional life of George W. Bush">Professional life</a></span></li> <li><span class="nowrap"><a href="/wiki/Governorship_of_George_W._Bush" title="Governorship of George W. Bush">Governorship of Texas</a></span></li> <li><span class="nowrap"><a href="/wiki/Prairie_Chapel_Ranch" title="Prairie Chapel Ranch">Prairie Chapel Ranch</a></span></li> <li><span class="nowrap"><a href="/wiki/Walker%27s_Point_Estate" title="Walker's Point Estate">Walker's Point Estate</a></span></li> <li><span class="nowrap"><a href="/wiki/Clinton_Bush_Haiti_Fund" title="Clinton Bush Haiti Fund">Clinton Bush Haiti Fund</a></span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Speeches</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Axis_of_evil" title="Axis of evil">Axis of evil</a></span></li> <li><span class="nowrap"><a href="/wiki/Mission_Accomplished_speech" title="Mission Accomplished speech">Mission Accomplished</a></span></li> <li><span class="nowrap"><a href="/wiki/February_2001_George_W._Bush_speech_to_a_joint_session_of_Congress" title="February 2001 George W. Bush speech to a joint session of Congress">Joint session of Congress</a> (2001)</span></li> <li><span class="nowrap"><a href="/wiki/September_2001_George_W._Bush_speech_to_a_joint_session_of_Congress" title="September 2001 George W. Bush speech to a joint session of Congress">Joint session of Congress (September 11 attacks)</a> (2001)</span></li> <li><span class="nowrap"><a href="/wiki/State_of_the_Union" title="State of the Union">State of the Union addresses</a> </span> <ul><li><span class="nowrap"><a href="/wiki/2002_State_of_the_Union_Address" title="2002 State of the Union Address">2002</a></span></li> <li><span class="nowrap"><a href="/wiki/2003_State_of_the_Union_Address" title="2003 State of the Union Address">2003</a></span></li> <li><span class="nowrap"><a href="/wiki/2004_State_of_the_Union_Address" title="2004 State of the Union Address">2004</a></span></li> <li><span class="nowrap"><a href="/wiki/2005_State_of_the_Union_Address" title="2005 State of the Union Address">2005</a></span></li> <li><span class="nowrap"><a href="/wiki/2006_State_of_the_Union_Address" title="2006 State of the Union Address">2006</a></span></li> <li><span class="nowrap"><a href="/wiki/2007_State_of_the_Union_Address" title="2007 State of the Union Address">2007</a></span></li> <li><span class="nowrap"><a href="/wiki/2008_State_of_the_Union_Address" title="2008 State of the Union Address">2008</a></span></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Electoral_history_of_George_W._Bush" title="Electoral history of George W. Bush">Elections</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">U.S. House</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/1978_United_States_House_of_Representatives_elections" title="1978 United States House of Representatives elections">1978</a></span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Gubernatorial</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/1994_Texas_gubernatorial_election" title="1994 Texas gubernatorial election">1994</a></span></li> <li><span class="nowrap"><a href="/wiki/1998_Texas_gubernatorial_election" title="1998 Texas gubernatorial election">1998</a></span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Presidential</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/George_W._Bush_2000_presidential_campaign" title="George W. Bush 2000 presidential campaign">2000 campaign</a></span> <ul><li><span class="nowrap"><a href="/wiki/2000_Republican_Party_presidential_primaries" title="2000 Republican Party presidential primaries">primaries</a></span></li> <li><span class="nowrap"><a href="/wiki/2000_Republican_Party_vice_presidential_candidate_selection" title="2000 Republican Party vice presidential candidate selection">running mate selection</a></span></li> <li><span class="nowrap"><a href="/wiki/2000_Republican_National_Convention" title="2000 Republican National Convention">convention</a></span></li> <li><span class="nowrap"><a href="/wiki/2000_United_States_presidential_debates" title="2000 United States presidential debates">debates</a></span></li> <li><span class="nowrap"><a href="/wiki/2000_United_States_presidential_election" title="2000 United States presidential election">election</a></span> <ul><li><span class="nowrap"><i><a href="/wiki/Bush_v._Gore" title="Bush v. Gore">Bush v. Gore</a></i></span></li></ul></li></ul></li> <li><span class="nowrap"><a href="/wiki/George_W._Bush_2004_presidential_campaign" title="George W. Bush 2004 presidential campaign">2004 campaign</a></span> <ul><li><span class="nowrap"><a href="/wiki/2004_Republican_Party_presidential_primaries" title="2004 Republican Party presidential primaries">primaries</a></span></li> <li><span class="nowrap"><a href="/wiki/2004_Republican_National_Convention" title="2004 Republican National Convention">convention</a></span></li> <li><span class="nowrap"><a href="/wiki/2004_United_States_presidential_debates" title="2004 United States presidential debates">debates</a></span></li> <li><span class="nowrap"><a href="/wiki/2004_United_States_presidential_election" title="2004 United States presidential election">election</a></span></li></ul></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Public_image_of_George_W._Bush" title="Public image of George W. Bush">Public image</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Bushism" title="Bushism">Bushisms</a></span></li> <li><span class="nowrap"><a href="/wiki/List_of_nicknames_used_by_George_W._Bush" title="List of nicknames used by George W. Bush">Nicknames</a></span></li> <li><span class="nowrap"><a href="/wiki/List_of_books_and_films_about_George_W._Bush" class="mw-redirect" title="List of books and films about George W. Bush">As the subject of books and films</a></span></li> <li><span class="nowrap"><a href="/wiki/Fictionalized_portrayals_of_George_W._Bush" title="Fictionalized portrayals of George W. Bush">Fictionalized portrayals</a></span></li> <li><span class="nowrap"><a href="/wiki/Miss_Me_Yet%3F" title="Miss Me Yet?">Miss Me Yet?</a></span></li> <li><span class="nowrap">"<a href="/wiki/Yo,_Blair" title="Yo, Blair">Yo, Blair</a>"</span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Bibliography_of_George_W._Bush" title="Bibliography of George W. Bush">Books</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><i><a href="/wiki/A_Charge_to_Keep" title="A Charge to Keep">A Charge to Keep</a></i> (1999)</span></li> <li><span class="nowrap"><i><a href="/wiki/Decision_Points" title="Decision Points">Decision Points</a></i> (2010)</span></li> <li><span class="nowrap"><i><a href="/wiki/41:_A_Portrait_of_My_Father" title="41: A Portrait of My Father">41: A Portrait of My Father</a></i> (2014)</span></li> <li><span class="nowrap"><i><a href="/wiki/Portraits_of_Courage" title="Portraits of Courage">Portraits of Courage</a></i> (2017)</span></li> <li><span class="nowrap"><i><a href="/wiki/Out_of_Many,_One:_Portraits_of_America%27s_Immigrants" title="Out of Many, One: Portraits of America's Immigrants">Out of Many, One</a></i> (2021)</span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Popular<br />culture</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Fahrenheit_9/11" title="Fahrenheit 9/11"><i>Fahrenheit 9/11</i> (2004 documentary)</a></span></li> <li><span class="nowrap"><a href="/wiki/W._(film)" title="W. (film)"><i>W.</i> (2008 film)</a></span></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Bush_family" title="Bush family">Family</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span class="nowrap"><a href="/wiki/Laura_Bush" title="Laura Bush">Laura Bush</a> (wife)</span></li> <li><span class="nowrap"><a href="/wiki/Barbara_Bush_(born_1981)" title="Barbara Bush (born 1981)">Barbara Pierce Bush</a> (daughter)</span></li> <li><span class="nowrap"><a href="/wiki/Jenna_Bush_Hager" title="Jenna Bush Hager">Jenna Bush Hager</a> (daughter)</span></li> <li><span class="nowrap"><a href="/wiki/George_H._W._Bush" title="George H. W. Bush">George H. W. Bush</a> (father)</span></li> <li><span class="nowrap"><a href="/wiki/Barbara_Bush" title="Barbara Bush">Barbara Bush</a> (mother)</span></li> <li><span class="nowrap"><a href="/wiki/Pauline_Robinson_Bush" title="Pauline Robinson Bush">Robin Bush</a> (sister)</span></li> <li><span class="nowrap"><a href="/wiki/Jeb_Bush" title="Jeb Bush">Jeb Bush</a> (brother)</span></li> <li><span class="nowrap"><a href="/wiki/Neil_Bush" title="Neil Bush">Neil Bush</a> (brother)</span></li> <li><span class="nowrap"><a href="/wiki/Marvin_Bush" title="Marvin Bush">Marvin Bush</a> (brother)</span></li> <li><span class="nowrap"><a href="/wiki/Dorothy_Bush_Koch" title="Dorothy Bush Koch">Dorothy Bush Koch</a> (sister)</span></li> <li><span class="nowrap"><a href="/wiki/Barney_(dog)" title="Barney (dog)">Barney</a> (dog)</span></li> <li><span class="nowrap"><a href="/wiki/Miss_Beazley" title="Miss Beazley">Miss Beazley</a> (dog)</span></li> <li><span class="nowrap"><a href="/wiki/India_(cat)" title="India (cat)">India</a> (cat)</span></li> <li><span class="nowrap"><a href="/wiki/Spot_Fetcher" title="Spot Fetcher">Spot Fetcher</a> (dog)</span></li></ul> </div></td></tr><tr><td class="navbox-abovebelow hlist" colspan="3"><div> <ul><li><span class="nowrap"><b><a href="/wiki/Bill_Clinton" title="Bill Clinton">← Bill Clinton</a></b></span></li> <li><span class="nowrap"><b><a href="/wiki/Barack_Obama" title="Barack Obama">Barack Obama →</a></b></span></li></ul> <ul><li><span class="nowrap"><span class="noviewer" typeof="mw:File"><span title="Category"><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/9/96/Symbol_category_class.svg/16px-Symbol_category_class.svg.png" decoding="async" width="16" height="16" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/9/96/Symbol_category_class.svg/23px-Symbol_category_class.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/9/96/Symbol_category_class.svg/31px-Symbol_category_class.svg.png 2x" data-file-width="180" data-file-height="185" /></span></span> <a href="/wiki/Category:George_W._Bush" title="Category:George W. Bush">Category</a></span></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="United_States_federal_taxation_legislation" style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:US_tax_acts" title="Template:US tax acts"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:US_tax_acts" title="Template talk:US tax acts"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:US_tax_acts" title="Special:EditPage/Template:US tax acts"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="United_States_federal_taxation_legislation" style="font-size:114%;margin:0 4em"><a href="/wiki/Amendments_to_the_Internal_Revenue_Laws_of_the_United_States" title="Amendments to the Internal Revenue Laws of the United States">United States federal taxation legislation</a></div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Internal_Revenue_Code" title="Internal Revenue Code">Internal<br />Revenue</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Revenue_Act_of_1861" title="Revenue Act of 1861">1861</a></li> <li><a href="/wiki/Revenue_Act_of_1862" title="Revenue Act of 1862">1862</a></li> <li><a href="/wiki/Revenue_Act_of_1864" title="Revenue Act of 1864">1864</a></li> <li><a href="/wiki/Wilson%E2%80%93Gorman_Tariff_Act" title="Wilson–Gorman Tariff Act">1894</a></li> <li><a href="/wiki/Payne%E2%80%93Aldrich_Tariff_Act" title="Payne–Aldrich Tariff Act">1909</a></li> <li><a href="/wiki/Revenue_Act_of_1913" title="Revenue Act of 1913">1913</a></li> <li><a href="/wiki/Emergency_Internal_Revenue_Tax_Act" title="Emergency Internal Revenue Tax Act">1914</a></li> <li><a href="/wiki/Revenue_Act_of_1916" title="Revenue Act of 1916">1916</a></li> <li><a href="/wiki/War_Revenue_Act_of_1917" title="War Revenue Act of 1917">1917</a></li> <li><a href="/wiki/Revenue_Act_of_1918" title="Revenue Act of 1918">1918</a></li> <li><a href="/wiki/Revenue_Act_of_1921" title="Revenue Act of 1921">1921</a></li> <li><a href="/wiki/Revenue_Act_of_1924" title="Revenue Act of 1924">1924</a></li> <li><a href="/wiki/Revenue_Act_of_1926" title="Revenue Act of 1926">1926</a></li> <li><a href="/wiki/Revenue_Act_of_1928" title="Revenue Act of 1928">1928</a></li> <li><a href="/wiki/Revenue_Act_of_1932" title="Revenue Act of 1932">1932</a></li> <li><a href="/wiki/Revenue_Act_of_1934" title="Revenue Act of 1934">1934</a></li> <li><a href="/wiki/Revenue_Act_of_1935" title="Revenue Act of 1935">1935</a></li> <li><a href="/wiki/Revenue_Act_of_1936" title="Revenue Act of 1936">1936</a></li> <li><a href="/wiki/Revenue_Act_of_1937" title="Revenue Act of 1937">1937</a></li> <li><a href="/wiki/Internal_Revenue_Code_of_1939" class="mw-redirect" title="Internal Revenue Code of 1939">1939 Code</a></li> <li><a href="/wiki/Revenue_Act_of_1940" title="Revenue Act of 1940">1940</a></li> <li><a href="/wiki/Second_Revenue_Act_of_1940" title="Second Revenue Act of 1940">1940 (2nd)</a></li> <li><a href="/wiki/Revenue_Act_of_1941" title="Revenue Act of 1941">1941</a></li> <li><a href="/wiki/Revenue_Act_of_1942" title="Revenue Act of 1942">1942</a></li> <li><a href="/wiki/Revenue_Act_of_1943" title="Revenue Act of 1943">1943</a></li> <li><a href="/wiki/Current_Tax_Payment_Act_of_1943" title="Current Tax Payment Act of 1943">1943</a></li> <li><a href="/wiki/Individual_Income_Tax_Act_of_1944" title="Individual Income Tax Act of 1944">1944</a></li> <li><a href="/wiki/Revenue_Act_of_1945" title="Revenue Act of 1945">1945</a></li> <li><a href="/wiki/Revenue_Act_of_1948" title="Revenue Act of 1948">1948</a></li> <li><a href="/wiki/Revenue_Act_of_1950" title="Revenue Act of 1950">1950</a></li> <li><a href="/wiki/Excess_profits_tax" title="Excess profits tax">1950</a></li> <li><a href="/wiki/Revenue_Act_of_1951" title="Revenue Act of 1951">1951</a></li> <li><a href="/wiki/Excise_Tax_Reduction_Act_of_1954" title="Excise Tax Reduction Act of 1954">1954</a></li> <li><a href="/wiki/Internal_Revenue_Code_of_1954" class="mw-redirect" title="Internal Revenue Code of 1954">1954 Code</a></li> <li><a href="/wiki/Revenue_Act_of_1962" title="Revenue Act of 1962">1962</a></li> <li><a href="/wiki/Revenue_Act_of_1964" title="Revenue Act of 1964">1964</a></li> <li><a href="/wiki/Tax_Adjustment_Act_of_1966" title="Tax Adjustment Act of 1966">1966</a></li> <li><a href="/wiki/Revenue_and_Expenditure_Control_Act_of_1968" title="Revenue and Expenditure Control Act of 1968">1968</a></li> <li><a href="/wiki/Tax_Reform_Act_of_1969" title="Tax Reform Act of 1969">1969</a></li> <li><a href="/wiki/Revenue_Act_of_1971" title="Revenue Act of 1971">1971</a></li> <li><a href="/wiki/Tax_Reduction_Act_of_1975" title="Tax Reduction Act of 1975">1975</a></li> <li><a href="/wiki/Tax_Reform_Act_of_1976" title="Tax Reform Act of 1976">1976</a></li> <li><a href="/wiki/Tax_Reduction_and_Simplification_Act_of_1977" title="Tax Reduction and Simplification Act of 1977">1977</a></li> <li><a href="/wiki/Revenue_Act_of_1978" title="Revenue Act of 1978">1978</a></li> <li><a href="/wiki/Crude_Oil_Windfall_Profit_Tax_Act_of_1980" title="Crude Oil Windfall Profit Tax Act of 1980">1980</a></li> <li><a href="/wiki/Economic_Recovery_Tax_Act_of_1981" title="Economic Recovery Tax Act of 1981">1981</a></li> <li><a href="/wiki/Tax_Equity_and_Fiscal_Responsibility_Act_of_1982" title="Tax Equity and Fiscal Responsibility Act of 1982">1982</a></li> <li><a href="/wiki/Highway_Revenue_Act_of_1982" class="mw-redirect" title="Highway Revenue Act of 1982">Gas Tax</a></li> <li><a href="/wiki/Interest_and_Dividend_Tax_Compliance_Act_of_1983" title="Interest and Dividend Tax Compliance Act of 1983">1983 (PL 98-67)</a></li> <li><a href="/wiki/Railroad_Retirement_Solvency_Act_of_1983" title="Railroad Retirement Solvency Act of 1983">1983 (PL 98-76)</a></li> <li><a href="/wiki/Deficit_Reduction_Act_of_1984" title="Deficit Reduction Act of 1984">1984</a></li> <li><a href="/wiki/Consolidated_Omnibus_Budget_Reconciliation_Act_of_1985" title="Consolidated Omnibus Budget Reconciliation Act of 1985">COBRA</a></li> <li><a href="/wiki/Tax_Reform_Act_of_1986" title="Tax Reform Act of 1986">1986</a></li> <li><a href="/wiki/Internal_Revenue_Code_of_1986" class="mw-redirect" title="Internal Revenue Code of 1986">1986 Code</a></li> <li><a href="/wiki/Omnibus_Budget_Reconciliation_Act_of_1987" title="Omnibus Budget Reconciliation Act of 1987">1987</a></li> <li><a href="/wiki/Technical_and_Miscellaneous_Revenue_Act_of_1988" title="Technical and Miscellaneous Revenue Act of 1988">1988</a></li> <li><a href="/wiki/Omnibus_Budget_Reconciliation_Act_of_1990" title="Omnibus Budget Reconciliation Act of 1990">1990</a></li> <li><a href="/wiki/Omnibus_Budget_Reconciliation_Act_of_1993" title="Omnibus Budget Reconciliation Act of 1993">1993</a></li> <li><a href="/wiki/Taxpayer_Bill_of_Rights_2" title="Taxpayer Bill of Rights 2">1996</a></li> <li><a href="/wiki/Taxpayer_Relief_Act_of_1997" title="Taxpayer Relief Act of 1997">1997</a></li> <li><a href="/wiki/Internal_Revenue_Service_Restructuring_and_Reform_Act_of_1998" title="Internal Revenue Service Restructuring and Reform Act of 1998">1998</a></li> <li><a href="/wiki/Economic_Growth_and_Tax_Relief_Reconciliation_Act_of_2001" title="Economic Growth and Tax Relief Reconciliation Act of 2001">2001 (EGTRRA)</a></li> <li><a href="/wiki/Job_Creation_and_Worker_Assistance_Act_of_2002" title="Job Creation and Worker Assistance Act of 2002">2002</a></li> <li><a href="/wiki/Jobs_and_Growth_Tax_Relief_Reconciliation_Act_of_2003" title="Jobs and Growth Tax Relief Reconciliation Act of 2003">2003</a></li> <li><a href="/wiki/American_Jobs_Creation_Act_of_2004" title="American Jobs Creation Act of 2004">2004</a></li> <li><a href="/wiki/Tax_Increase_Prevention_and_Reconciliation_Act_of_2005" title="Tax Increase Prevention and Reconciliation Act of 2005">2005</a></li> <li><a href="/wiki/Pension_Protection_Act_of_2006" title="Pension Protection Act of 2006">2006</a></li> <li><a href="/wiki/Tax_Relief_and_Health_Care_Act_of_2006" title="Tax Relief and Health Care Act of 2006">2006</a></li> <li><a href="/w/index.php?title=Tax_Increase_Prevention_Act_of_2007&action=edit&redlink=1" class="new" title="Tax Increase Prevention Act of 2007 (page does not exist)">2007</a></li> <li><a href="/wiki/Mortgage_Forgiveness_Debt_Relief_Act_of_2007" title="Mortgage Forgiveness Debt Relief Act of 2007">2007 (Mortgage)</a></li> <li><a class="mw-selflink selflink">2008</a></li> <li><a href="/wiki/Public_Law_110-343" title="Public Law 110-343">Crisis</a></li> <li><a href="/wiki/American_Recovery_and_Reinvestment_Act_of_2009" title="American Recovery and Reinvestment Act of 2009">2009</a></li> <li><a href="/wiki/Affordable_Care_Act" title="Affordable Care Act">2010 (ACA)</a></li> <li><a href="/wiki/Small_Business_Jobs_Act_of_2010" title="Small Business Jobs Act of 2010">2010 (PL 111–240)</a></li> <li><a href="/wiki/Tax_Relief,_Unemployment_Insurance_Reauthorization,_and_Job_Creation_Act_of_2010" title="Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010">2010 (PL 111-312)</a></li> <li><a href="/wiki/Temporary_Payroll_Tax_Cut_Continuation_Act_of_2011" class="mw-redirect" title="Temporary Payroll Tax Cut Continuation Act of 2011">2011</a></li> <li><a href="/wiki/American_Taxpayer_Relief_Act_of_2012" title="American Taxpayer Relief Act of 2012">2012 (ATRA)</a></li> <li><a href="/wiki/Middle_Class_Tax_Relief_and_Job_Creation_Act_of_2012" title="Middle Class Tax Relief and Job Creation Act of 2012">2012</a></li> <li><a href="/w/index.php?title=Tax_Increase_Prevention_Act_of_2014&action=edit&redlink=1" class="new" title="Tax Increase Prevention Act of 2014 (page does not exist)">2014</a></li> <li><a href="/w/index.php?title=Bipartisan_Budget_Act_of_2015&action=edit&redlink=1" class="new" title="Bipartisan Budget Act of 2015 (page does not exist)">2015 (BBA)</a></li> <li><a href="/wiki/Consolidated_Appropriations_Act,_2016" title="Consolidated Appropriations Act, 2016">2016</a></li> <li><a href="/wiki/Tax_Cuts_and_Jobs_Act_of_2017" class="mw-redirect" title="Tax Cuts and Jobs Act of 2017">2017 (TCJA)</a></li> <li><a href="/wiki/Bipartisan_Budget_Act_of_2018" title="Bipartisan Budget Act of 2018">2018 (BBA)</a></li> <li><a href="/w/index.php?title=Fourth_Continuing_Appropriations_for_Fiscal_Year_2018,_Federal_Register_Printing_Savings,_Healthy_Kids,_Health-Related_Taxes,_and_Budgetary_Effects&action=edit&redlink=1" class="new" title="Fourth Continuing Appropriations for Fiscal Year 2018, Federal Register Printing Savings, Healthy Kids, Health-Related Taxes, and Budgetary Effects (page does not exist)">2018 (Appropriations)</a></li> <li><a href="/wiki/SECURE_Act_of_2019" class="mw-redirect" title="SECURE Act of 2019">2019 (SECURE)</a></li> <li><a href="/wiki/Families_First_Coronavirus_Response_Act" title="Families First Coronavirus Response Act">2020 (Families First)</a></li> <li><a href="/wiki/CARES_Act" title="CARES Act">2020 (CARES)</a></li> <li><a href="/wiki/Consolidated_Appropriations_Act,_2021" title="Consolidated Appropriations Act, 2021">2020 (Appropriations)</a></li> <li><a href="/wiki/William_M._(Mac)_Thornberry_National_Defense_Authorization_Act_for_Fiscal_Year_2021" class="mw-redirect" title="William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021">2021 (Defense Authorization)</a></li> <li><a href="/wiki/American_Rescue_Plan_Act_of_2021" title="American Rescue Plan Act of 2021">2021 (American Rescue Plan)</a></li> <li><a href="/wiki/Infrastructure_Investment_and_Jobs_Act" title="Infrastructure Investment and Jobs Act">2021 (Infrastructure, PL 117–58)</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Tariffs_in_United_States_history" class="mw-redirect" title="Tariffs in United States history">Tariffs</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Tariff_of_1789" title="Tariff of 1789">1789: Hamilton I</a></li> <li><a href="/wiki/Tariff_of_1790" title="Tariff of 1790">1790: Hamilton II</a></li> <li><a href="/wiki/Tariff_of_1791" title="Tariff of 1791">1791: Hamilton III</a></li> <li><a href="/wiki/Tariff_of_1792" title="Tariff of 1792">1792: Hamilton IV</a></li> <li><a href="/wiki/Tariff_of_1816" title="Tariff of 1816">1816: Dallas</a></li> <li><a href="/wiki/Tariff_of_1824" title="Tariff of 1824">1824: Sectional</a></li> <li><a href="/wiki/Tariff_of_Abominations" title="Tariff of Abominations">1828: "Abominations"</a></li> <li><a href="/wiki/Tariff_of_1832" title="Tariff of 1832">1832</a></li> <li><a href="/wiki/Tariff_of_1833" title="Tariff of 1833">1833: Compromise</a></li> <li><a href="/wiki/Tariff_of_1842" title="Tariff of 1842">1842: Black</a></li> <li><a href="/wiki/Walker_tariff" title="Walker tariff">1846: Walker</a></li> <li><a href="/wiki/Tariff_of_1857" title="Tariff of 1857">1857</a></li> <li><a href="/wiki/Morrill_Tariff" title="Morrill Tariff">1861: Morrill</a></li> <li>1872</li> <li>1875</li> <li><a href="/wiki/Tariff_of_1883" title="Tariff of 1883">1883: Mongrel</a></li> <li><a href="/wiki/McKinley_Tariff" title="McKinley Tariff">1890: McKinley</a></li> <li><a href="/wiki/Wilson%E2%80%93Gorman_Tariff_Act" title="Wilson–Gorman Tariff Act">1894: Wilson–Gorman</a></li> <li><a href="/wiki/Dingley_Act" title="Dingley Act">1897: Dingley</a></li> <li><a href="/wiki/Payne%E2%80%93Aldrich_Tariff_Act" title="Payne–Aldrich Tariff Act">1909: Payne–Aldrich</a></li> <li><a href="/wiki/Revenue_Act_of_1913" title="Revenue Act of 1913">1913: Underwood</a></li> <li><a href="/wiki/Emergency_Tariff_of_1921" title="Emergency Tariff of 1921">1921: Emergency</a></li> <li><a href="/wiki/Fordney%E2%80%93McCumber_Tariff" title="Fordney–McCumber Tariff">1922: Fordney–McCumber</a></li> <li><a href="/wiki/Smoot%E2%80%93Hawley_Tariff_Act" title="Smoot–Hawley Tariff Act">1930: Smoot–Hawley</a></li> <li><a href="/wiki/Reciprocal_Tariff_Act" title="Reciprocal Tariff Act">1934: Reciprocal</a></li> <li><a href="/wiki/General_Agreement_on_Tariffs_and_Trade" title="General Agreement on Tariffs and Trade">1948: GATT</a></li> <li><a href="/wiki/Trade_Expansion_Act" title="Trade Expansion Act">1962</a></li> <li><a href="/wiki/Trade_Act_of_1974" title="Trade Act of 1974">1974/75</a></li> <li><a href="/wiki/Trade_Agreements_Act_of_1979" title="Trade Agreements Act of 1979">1979</a></li> <li><a href="/wiki/Trade_and_Tariff_Act_of_1984" title="Trade and Tariff Act of 1984">1984</a></li> <li><a href="/wiki/Omnibus_Trade_and_Competitiveness_Act" title="Omnibus Trade and Competitiveness Act">1988</a></li> <li><a href="/wiki/Canada%E2%80%93United_States_Free_Trade_Agreement" title="Canada–United States Free Trade Agreement">1988: Canada FT</a></li> <li><a href="/wiki/North_American_Free_Trade_Agreement" title="North American Free Trade Agreement">1993: NAFTA</a></li> <li><a href="/wiki/World_Trade_Organization" title="World Trade Organization">1994: WTO</a></li> <li><a href="/wiki/Trump_tariffs" title="Trump tariffs">2018/2019: Trump</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="U.S._subprime_mortgage_crisis" style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Subprime_mortgage_crisis" title="Template:Subprime mortgage crisis"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Subprime_mortgage_crisis" title="Template talk:Subprime mortgage crisis"><abbr title="Discuss this 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timeline</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Subprime_mortgage_crisis#Causes" title="Subprime mortgage crisis">Causes</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/United_States_housing_bubble" class="mw-redirect" title="United States housing bubble">United States housing bubble</a> / <a href="/wiki/United_States_housing_market_correction" class="mw-redirect" title="United States housing market correction">housing market correction</a></li> <li><a href="/wiki/Credit_rating_agencies_and_the_subprime_crisis" title="Credit rating agencies and the subprime crisis">Role of credit rating agencies</a></li> <li><a href="/wiki/Government_policies_and_the_subprime_mortgage_crisis" title="Government policies and the subprime mortgage crisis">Government policies</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Subprime_mortgage_crisis#Impacts" title="Subprime mortgage crisis">Impacts</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/2007%E2%80%932008_financial_crisis" title="2007–2008 financial crisis">2007–2008 financial crisis</a></li> <li><a href="/wiki/Great_Recession" title="Great Recession">Great Recession</a></li> <li><a href="/wiki/List_of_writedowns_due_to_subprime_crisis" title="List of writedowns due to subprime crisis">Writedowns</a></li> <li><a href="/wiki/Indirect_economic_effects_of_the_subprime_mortgage_crisis" title="Indirect economic effects of the subprime mortgage crisis">Indirect economic effects</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Subprime_mortgage_crisis#Responses" title="Subprime mortgage crisis">Responses</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a class="mw-selflink selflink">Economic Stimulus Act of 2008</a></li> <li><a href="/wiki/Housing_and_Economic_Recovery_Act_of_2008" title="Housing and Economic Recovery Act of 2008">Housing and Economic Recovery Act of 2008</a></li> <li><a href="/wiki/Emergency_Economic_Stabilization_Act_of_2008" title="Emergency Economic Stabilization Act of 2008">Emergency Economic Stabilization Act of 2008</a></li> <li><a href="/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act" title="Dodd–Frank Wall Street Reform and Consumer Protection Act">Dodd–Frank Wall Street Reform and Consumer Protection Act</a></li> <li><a href="/wiki/List_of_banks_acquired_or_bankrupted_during_the_Great_Recession" title="List of banks acquired or bankrupted during the Great Recession">Acquired or bankrupt banks in the late 2000s financial crisis</a></li> <li><a href="/wiki/Capital_Assistance_Program" title="Capital Assistance Program">Capital Assistance Program</a></li> <li><a href="/wiki/Capital_Purchase_Program" title="Capital Purchase Program">Capital Purchase Program</a></li> <li><a href="/wiki/Federal_Reserve_responses_to_the_subprime_crisis" title="Federal Reserve responses to the subprime crisis">Federal Reserve responses</a></li> <li><a href="/wiki/Federal_takeover_of_Fannie_Mae_and_Freddie_Mac" title="Federal takeover of Fannie Mae and Freddie Mac">Federal takeover of Fannie Mae and Freddie Mac</a></li> <li><a href="/wiki/Government_intervention_during_the_subprime_mortgage_crisis" title="Government intervention during the subprime mortgage crisis">Government intervention</a></li> <li><a href="/wiki/Homeowners_Affordability_and_Stability_Plan" title="Homeowners Affordability and Stability Plan">Homeowners Affordability and Stability Plan</a></li> <li><a href="/wiki/Hope_Now_Alliance" title="Hope Now Alliance">Hope Now Alliance</a></li> <li><a href="/wiki/Loan_modification_in_the_United_States" title="Loan modification in the United States">Loan modification</a></li> <li><a href="/wiki/Public%E2%80%93Private_Investment_Program_for_Legacy_Assets" title="Public–Private Investment Program for Legacy Assets">Public–Private Investment Program for Legacy Assets</a></li> <li><a href="/wiki/Regulatory_responses_to_the_subprime_crisis" title="Regulatory responses to the subprime crisis">Regulatory responses</a></li> <li><a href="/wiki/Primary_Dealer_Credit_Facility" title="Primary Dealer Credit Facility">Primary Dealer Credit Facility</a></li> <li><a href="/wiki/2009_Supervisory_Capital_Assessment_Program" title="2009 Supervisory Capital Assessment Program">2009 Supervisory Capital Assessment Program</a></li> <li><a href="/wiki/Tea_Party_protests" title="Tea Party protests">Tea Party protests</a></li> <li><a href="/wiki/Term_Asset-Backed_Securities_Loan_Facility" title="Term Asset-Backed Securities Loan Facility">Term Asset-Backed Securities Loan Facility</a></li> <li><a href="/wiki/Troubled_Asset_Relief_Program" title="Troubled Asset Relief Program">Troubled Asset Relief Program</a></li> <li><a href="/wiki/Wall_Street_reform" title="Wall Street reform">Wall Street reform</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Related topics</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Error_account" title="Error account">Error accounts</a></li> <li><a href="/wiki/Financial_position_of_the_United_States" title="Financial position of the United States">Financial position of the United States</a></li> <li><a href="/wiki/Foreclosure_rescue_scheme" title="Foreclosure rescue scheme">Foreclosure rescue scheme</a></li> <li><a href="/wiki/Property_derivative" title="Property derivative">Property derivatives</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Great_Recession" style="padding:3px"><table class="nowraplinks hlist mw-collapsible mw-collapsed navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Great_Recession" title="Template:Great Recession"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Great_Recession" title="Template talk:Great Recession"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Great_Recession" title="Special:EditPage/Template:Great Recession"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Great_Recession" style="font-size:114%;margin:0 4em"><a href="/wiki/Great_Recession" title="Great Recession">Great Recession</a></div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">By region</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Great_Recession_in_Africa" title="Great Recession in Africa">Africa</a></li> <li><a href="/wiki/Great_Recession_in_the_Americas" title="Great Recession in the Americas">Americas</a> <ul><li><a href="/wiki/Great_Recession_in_the_United_States" title="Great Recession in the United States">United States</a></li> <li><a href="/wiki/Great_Recession_in_South_America" title="Great Recession in South America">South America</a></li></ul></li> <li><a href="/wiki/Great_Recession_in_Asia" title="Great Recession in Asia">Asia</a></li> <li><a href="/wiki/Great_Recession_in_Europe" title="Great Recession in Europe">Europe</a> <ul><li><a href="/wiki/2008%E2%80%932011_Icelandic_financial_crisis" title="2008–2011 Icelandic financial crisis">Iceland</a></li></ul></li> <li><a href="/wiki/Great_Recession_in_Oceania" title="Great Recession in Oceania">Oceania</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">United States-specific</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Automotive_industry_crisis_of_2008%E2%80%932010" class="mw-redirect" title="Automotive industry crisis of 2008–2010">Automotive industry crisis</a></li> <li><a href="/wiki/2008%E2%80%932012_California_budget_crisis" title="2008–2012 California budget crisis">California budget crisis</a></li> <li><a href="/wiki/United_States_housing_bubble" class="mw-redirect" title="United States housing bubble">Housing bubble</a></li> <li><a href="/wiki/United_States_housing_market_correction" class="mw-redirect" title="United States housing market correction">Housing market correction</a></li> <li><a href="/wiki/Subprime_mortgage_crisis" title="Subprime mortgage crisis">Subprime mortgage crisis</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Banking losses and fraud</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Libor_scandal" title="Libor scandal">Libor scandal</a> <ul><li><a href="/wiki/Tom_Hayes_(trader)" title="Tom Hayes (trader)">Tom Hayes</a></li></ul></li> <li><a href="/wiki/2008_Soci%C3%A9t%C3%A9_G%C3%A9n%C3%A9rale_trading_loss" title="2008 Société Générale trading loss">Société Générale trading loss</a></li> <li><a href="/wiki/Forex_scandal" title="Forex scandal">Forex scandal</a></li> <li><a href="/wiki/Bernie_Madoff" title="Bernie Madoff">Bernie Madoff</a></li> <li><a href="/wiki/Tom_Petters" title="Tom Petters">Tom Petters</a></li> <li><a href="/wiki/Scott_W._Rothstein" title="Scott W. Rothstein">Scott W. Rothstein</a></li> <li><a href="/wiki/Allen_Stanford" title="Allen Stanford">Allen Stanford</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Government entities</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Consumer_Financial_Protection_Bureau" title="Consumer Financial Protection Bureau">Consumer Financial Protection Bureau</a></li> <li><a href="/wiki/Federal_Deposit_Insurance_Corporation" title="Federal Deposit Insurance Corporation">Federal Deposit Insurance Corporation</a></li> <li><a href="/wiki/Federal_Home_Loan_Banks" title="Federal Home Loan Banks">Federal Home Loan Banks</a></li> <li><a href="/wiki/Federal_Housing_Administration" title="Federal Housing Administration">Federal Housing Administration</a></li> <li><a href="/wiki/Federal_Housing_Finance_Agency" title="Federal Housing Finance Agency">Federal Housing Finance Agency</a></li> <li><a href="/wiki/Federal_Housing_Finance_Board" title="Federal Housing Finance Board">Federal Housing Finance Board</a></li> <li><a href="/wiki/Federal_Reserve_System" class="mw-redirect" title="Federal Reserve System">Federal Reserve System</a></li> <li><a href="/wiki/Government_National_Mortgage_Association" title="Government National Mortgage Association">Government National Mortgage Association</a></li> <li><a href="/wiki/National_Asset_Management_Agency" title="National Asset Management Agency">National Asset Management Agency</a></li> <li><a href="/wiki/Office_of_Federal_Housing_Enterprise_Oversight" title="Office of Federal Housing Enterprise Oversight">Office of Federal Housing Enterprise Oversight</a></li> <li><a href="/wiki/Assistant_Secretary_of_the_Treasury_for_Financial_Stability" title="Assistant Secretary of the Treasury for Financial Stability">Office of Financial Stability</a></li> <li><a href="/wiki/UK_Financial_Investments" title="UK Financial Investments">UK Financial Investments</a></li></ul> </div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible autocollapse navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Government_policy_and_spending_responses" style="font-size:114%;margin:0 4em">Government policy and spending responses</div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">Banking and finance<br /> stability and reform</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Banking_(Special_Provisions)_Act_2008" title="Banking (Special Provisions) Act 2008">Banking (Special Provisions) Act 2008</a></li> <li><a href="/wiki/China%E2%80%93Japan%E2%80%93South_Korea_trilateral_summit" title="China–Japan–South Korea trilateral summit">China–Japan–South Korea trilateral summit</a></li> <li><a href="/wiki/Commercial_Paper_Funding_Facility" title="Commercial Paper Funding Facility">Commercial Paper Funding Facility</a></li> <li><a href="/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act" title="Dodd–Frank Wall Street Reform and Consumer Protection Act">Dodd–Frank Wall Street Reform and Consumer Protection Act</a></li> <li><a href="/wiki/Emergency_Economic_Stabilization_Act_of_2008" title="Emergency Economic Stabilization Act of 2008">Emergency Economic Stabilization Act of 2008</a></li> <li><a href="/wiki/Irish_emergency_budget,_2009" class="mw-redirect" title="Irish emergency budget, 2009">Irish emergency budget, 2009</a></li> <li><a href="/wiki/Temporary_Liquidity_Guarantee_Program" title="Temporary Liquidity Guarantee Program">Temporary Liquidity Guarantee Program</a></li> <li><a href="/wiki/Term_Asset-Backed_Securities_Loan_Facility" title="Term Asset-Backed Securities Loan Facility">Term Asset-Backed Securities Loan Facility</a></li> <li><a href="/wiki/Troubled_Asset_Relief_Program" title="Troubled Asset Relief Program">Troubled Asset Relief Program</a></li> <li><a href="/wiki/2008_United_Kingdom_bank_rescue_package" title="2008 United Kingdom bank rescue package">2008 United Kingdom bank rescue package</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Bank_stress_tests" scope="row" class="navbox-group" style="width:1%">Bank stress tests</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/2010_European_Union_bank_stress_test" title="2010 European Union bank stress test">EU</a></li> <li><a href="/wiki/2009_Supervisory_Capital_Assessment_Program" title="2009 Supervisory Capital Assessment Program">U.S.</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Stimulus and recovery</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0;background: #f7f7f7;"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/2008_European_Union_stimulus_plan" title="2008 European Union stimulus plan">2008 European Union stimulus plan</a></li> <li><a href="/wiki/2008%E2%80%932009_Keynesian_resurgence" title="2008–2009 Keynesian resurgence">2008–2009 Keynesian resurgence</a></li> <li><a href="/wiki/American_Recovery_and_Reinvestment_Act_of_2009" title="American Recovery and Reinvestment Act of 2009">American Recovery and Reinvestment Act of 2009</a></li> <li><a href="/wiki/Chinese_economic_stimulus_program" title="Chinese economic stimulus program">Chinese economic stimulus program</a></li> <li><a class="mw-selflink selflink">Economic Stimulus Act of 2008</a></li> <li><a href="/wiki/Fraud_Enforcement_and_Recovery_Act_of_2009" title="Fraud Enforcement and Recovery Act of 2009">Fraud Enforcement and Recovery Act of 2009</a></li> <li><a href="/wiki/Green_New_Deal" title="Green New Deal">Green New Deal</a></li> <li><a href="/wiki/Housing_and_Economic_Recovery_Act_of_2008" title="Housing and Economic Recovery Act of 2008">Housing and Economic Recovery Act of 2008</a></li> <li><a href="/wiki/National_fiscal_policy_response_to_the_Great_Recession" class="mw-redirect" title="National fiscal policy response to the Great Recession">National fiscal policy response to the Great Recession</a></li> <li><a href="/wiki/Zero_interest-rate_policy" title="Zero interest-rate policy">Zero interest-rate policy</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Government interventions,<br /> rescues, and acquisitions</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0;background: transparent;"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/List_of_banks_acquired_or_bankrupted_during_the_Great_Recession" title="List of banks acquired or bankrupted during the Great Recession">List of banks acquired or bankrupted during the Great Recession</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Non-banking" scope="row" class="navbox-group" style="width:1%">Non-banking</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Chrysler" title="Chrysler">Chrysler</a></li> <li><a href="/wiki/General_Motors" title="General Motors">General Motors</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Securities involved <br /> and financial markets</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Auction_rate_security" title="Auction rate security">Auction rate securities</a></li> <li><a href="/wiki/Collateralized_debt_obligation" title="Collateralized debt obligation">Collateralized debt obligations</a></li> <li><a href="/wiki/Collateralized_mortgage_obligation" title="Collateralized mortgage obligation">Collateralized mortgage obligations</a></li> <li><a href="/wiki/Credit_default_swap" title="Credit default swap">Credit default swaps</a></li> <li><a href="/wiki/Mortgage-backed_security" title="Mortgage-backed security">Mortgage-backed securities</a></li> <li><a href="/wiki/Secondary_mortgage_market" title="Secondary mortgage market">Secondary mortgage market</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Social responses</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Tea_Party_protests" title="Tea Party protests">Tea Party protests</a> (United States; c. 2009)</li> <li><a href="/wiki/2009_May_Day_protests" title="2009 May Day protests">2009 May Day protests</a> (Europe, Middle East and North Africa, Asia; 2009)</li> <li><a href="/wiki/Arab_Spring" title="Arab Spring">Arab Spring</a> (MENA; 2010–2012)</li> <li><a href="/wiki/Occupy_movement" title="Occupy movement">Occupy movement</a> (worldwide; 2011–2012) <ul><li><a href="/wiki/Occupy_Wall_Street" title="Occupy Wall Street">Occupy Wall Street</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Related topics</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/2000s_energy_crisis" title="2000s energy crisis">2000s energy crisis</a> <ul><li><a href="/wiki/2008_Central_Asia_energy_crisis" title="2008 Central Asia energy crisis">2008 Central Asia energy crisis</a></li></ul></li> <li><a href="/wiki/Effects_of_the_Great_Recession_on_museums" title="Effects of the Great Recession on museums">Effects of the Great Recession on museums</a></li> <li><a href="/wiki/Decline_of_newspapers" title="Decline of newspapers">Decline of newspapers</a></li> <li><a href="/wiki/2007%E2%80%932008_world_food_price_crisis" title="2007–2008 world food price crisis">2007–2008 world food price crisis</a></li> <li><a href="/wiki/Retail_apocalypse" title="Retail apocalypse">Retail apocalypse</a></li></ul> </div></td></tr><tr><td class="navbox-abovebelow" colspan="2"><div> <ul><li><a href="/wiki/European_debt_crisis" title="European debt crisis">European debt crisis</a></li> <li><a href="/wiki/2007%E2%80%932008_financial_crisis" title="2007–2008 financial crisis">2007–2008 financial crisis</a></li> <li><a href="/wiki/List_of_countries_by_public_debt" class="mw-redirect" title="List of countries by public debt">List of countries by public debt</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link 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