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Letizia Cinganotto US economic US economic stimulus package stimulus package BBC BUSINESS ENGLISH BBC BUSINESS ENGLISH February 08 February 08 Letizia Cinganotto
| Date post: | 20-Dec-2014 |
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Letizia Cinganotto
US economic US economic stimulus packagestimulus package
US economic US economic stimulus packagestimulus package
BBC BUSINESS ENGLISHBBC BUSINESS ENGLISHFebruary 08February 08
Letizia Cinganotto
Letizia Cinganotto
What is the stimulus package worth $150 bn
aimed at?
Letizia Cinganotto
helping ordinary Americans deal with the economic downturn.
Letizia Cinganotto
TRUE OR FALSE?
The Congress easily approved it.
F
Letizia Cinganotto
What does the plan include?
Letizia Cinganotto
• one-off rebates of up to $600 for individuals and $1,200 for couples plus $300 for each child.
• rebates for low income retirees and military veterans
Letizia Cinganotto
What’s the meaning of rebate?
• Money given back?• Prices reduced?• Discussion?
Letizia Cinganotto
Money given back
Letizia Cinganotto
Explain the expressions“low income retirees” and “military veterans”
Letizia Cinganotto
Did President Bush welcome the plan?
Why?
Letizia Cinganotto
Yes, because it would help stimulate consumer spending and accelerate needed business investment.
Letizia Cinganotto
Why are some politicians worried?
Letizia Cinganotto
about the damage the plan will do to government finances - potentially doubling last year's budget deficit
