Oct 25 2008
The Emergency Economic Stabilization Act of 2008
The Emergency Economic Stabilization Act of 2008
On October 3rd, President Bush signed into law The Emergency Economic Stabilization Act of 2008. The law termed as a “financial bailout”, includes over 100 tax provisions and $150 billion in tax breaks over 10 years, with the majority of the relief outlaid in 2008 and 2009. Listed below, are the tax provisions which relate to individuals and businesses.