Job Creation Economic Stimulus Act of 2008

Referred to the House Committee on Ways and Means.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jan 28, 2008

Job Creation Economic Stimulus Act of 2008 - Amends the Internal Revenue Code to allow the expensing of the cost of certain high productivity property placed in service in 2008, including computer and computer-related peripheral equipment, electronic equipment, software, high technology medical equipment, and advanced environmental and life science products.

Allow a 50% depreciation allowance for certain business equipment acquired in 2008.

Exempts acclerated depreciation amounts related to properties placed in service in 2008 or 2009 from adjustments in computing alternative minimum taxable income.

Allows an offset in 2008 against the alternative minimum tax liability of corporations for their long-term unused tax credits.

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People & committees

Who introduced it

Rep. English, Phil [R-PA-3] · R–PA

Committees

Ways and Means Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

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Jan 28, 2008
Referred to the House Committee on Ways and Means.
Jan 28, 2008
Introduced in House
Jan 28, 2008
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jan 28, 2008 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.5141 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.5141, 110th Congress: Job Creation Economic Stimulus Act of 2008

Official record: https://www.congress.gov/bill/110th-congress/house-bill/5141

Text version to examine: Introduced in House · 2008-01-28.

Official full text: https://www.congress.gov/110/bills/hr5141/BILLS-110hr5141ih.htm

Imported record last updated by the source: 2025-08-14T18:10:09Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.5141 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.5141 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss H.R.5141, 110th Congress: Job Creation Economic Stimulus Act of 2008

Official record: https://www.congress.gov/bill/110th-congress/house-bill/5141

Text version to examine: Introduced in House · 2008-01-28.

Official full text: https://www.congress.gov/110/bills/hr5141/BILLS-110hr5141ih.htm

Imported record last updated by the source: 2025-08-14T18:10:09Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.5141 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.5141 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.5141, 110th Congress: Job Creation Economic Stimulus Act of 2008

Official record: https://www.congress.gov/bill/110th-congress/house-bill/5141

Text version to examine: Introduced in House · 2008-01-28.

Official full text: https://www.congress.gov/110/bills/hr5141/BILLS-110hr5141ih.htm

Imported record last updated by the source: 2025-08-14T18:10:09Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.5141 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.5141 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.5141, 110th Congress: Job Creation Economic Stimulus Act of 2008

Official record: https://www.congress.gov/bill/110th-congress/house-bill/5141

Text version to examine: Introduced in House · 2008-01-28.

Official full text: https://www.congress.gov/110/bills/hr5141/BILLS-110hr5141ih.htm

Imported record last updated by the source: 2025-08-14T18:10:09Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.5141 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.