The Economic Stimulus Package | Americans for Tax …

Trade adjustment assistance was originally authorized under the Trade Expansion Act of 1962 when President John F. Kennedy proposed it as part of a total package to enhance free trade. President Kennedy said, "When considerations of national policy make it desirable to avoid higher tariffs, those injured by that competition should not be required to bear the full brunt of the impact. Rather, the burden of economic adjustment should be borne in part by the Federal Government" (Kennedy, 1963). The Trade Adjustment Assistance Reform Act of 2002 established TAAF, and then TAAF was reauthorized and modified by the American Recovery and Reinvestment Act (ARRA) of 2009 (Pub. L. 111-5, 2009). The purpose of the ARRA was to stimulate the economy through direct financial investment that would spur job creation and retention (Hornbeck & Rover, 2011). TAAF was one mechanism to accomplish this in food and agriculture. Producer surplus loss is an economic concept that describes the negative impacts on producers of international trade policy that increases import competition (Krugman & Wells, 2005). The costs of TAAF are justified to offset producer surplus loss.

economic stimulus - The Japan Times
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By using the Extension education system as a policy tool tied to producer financial assistance, we anticipate the gains from this economic stimulus will have greater longer-term impacts compared to a simple spending transfer payment. Overall, TAAF was highly effective in meeting its legislative objectives of educating producers to adjust to import competition and to provide economic and employment stimulus. TAAF demonstrates that the Extension system can have major impacts in a rapidly changing economy and can deliver a major outreach program at a national level.


Economic Stimulus Resource Center | Library of Congress

Business / Economy Jul 27, 2017 Japan doesn't need fiscal stimulus, economic adviser says
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Chief Cabinet Secretary Yoshihide Suga rules out the issuance of deficit bonds to fund an economic stimulus package planned for the autumn, but hints at the use of construction bonds.