Friday, February 13, 2009

$787 Billion Stimulus Bill Set to Pass

The House of Representatives passed the modified bill today and the Senate is voting as I type. The key spending provisions of the bill are summarized here. An provision in an earlier version which would have offered a 10% tax credit to home buyers, up to $15,000 per household, was removed during conference negotiations.

Update: The tax credit survived as an $8,000 credit for first-time buyers.

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