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Status: Closed

Listing: Public

Created on February 13, 2008 by smallbizblog

Ended March 14, 2008

President Bush is ready to sign the $168 billion economic stimulus package and small businesses could benefit.

The new law will give companies a 50 percent bonus deduction on new equipment that would have been depreciated over many years. It also increases from $128,000 to $250,000 the limit in 2008 on expenses that are deductible from a small businessís annual income.

The centerpiece of the plan for consumers is the government rebate checks ranging from $300 to $1,200. When most of the 130 million households see their checks around May or shortly thereafter, small firms like retailers and restaurants are hoping to see a rebate spending spree.

How will you spend your government rebate check?
  • At a large business
    4%
  • At a small business
    7%
  • I plan to invest
    18%
  • I plan to pay off credit card debt
    44%
  • Other
    25%
Created on Feb 13, 2008

Closed

Total Votes: 506

Comments (1):

comments 1 - 1 of 1
Posted on Aug 14, 2008 at 6:58 AM by john.20082009:

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==================================================

john.20082009

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