H.R. 5142 would amend the Internal Revenue Code of 1986 to provide an economic stimulus for individuals.

== Detailed Summary ==

<summary>
(Log in to editFamily Economic Stimulus Act of 2008 - Amends the wikiInternal Revenue Code to: (1) exclude unemployment compensation from gross income in 2007 and be2008; (2) increase the firstchild tax credit to provide$1,200 in 2008; (3) allow individual taxpayers a detailed summary of$400 tax rebate ($800 in the bill!)case of a joint return) in 2008; (4) extend unemployment insurance benefits; and (5) require states to distribute to unemployed individuals information about unemployment insurance eligibility conditions.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 1/28/2008: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
</status>

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== Points in Favor ==

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== Points Against ==

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