Of the $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009,the largest tax cuts occurred in which category?

Question

Quizplus · Accepted Answer

The largest tax cuts in the American Recovery and Reinvestment Act stimulus package occurred in the category of individual tax cuts. The package provided tax relief to working families and individuals through measures such as the Making Work Pay tax credit and the expansion of the Earned Income Tax Credit. Business tax cuts and infrastructure tax cuts were also part of the package but were not the largest in terms of dollar amount. Energy tax cuts were a smaller portion of the package focused on promoting clean energy and reducing dependence on foreign oil.

Of the $840 Billion American Recovery and Reinvestment Act Stimulus