$790 Billion Stimulus Bill Approved, But What Exactly Is In The Bill?

Published by Andrew on February 12, 2009

Searching all this morning, I couldn’t find out what was included in the new Senate/House $790 billion stimulus bill pushed through by President Obama. The one item I know it didn’t include was a promising tax break to purchase a home.

The item proposed a $15,000 tax credit if you purchased a home, and was passed in the Senate, but struck out in the House.

The overall goal of the stimulus bill was the following:

(1) modernize the nation’s infrastructure;

(2) enhance America’s energy independence;

(3) expand educational opportunities;

(4) preserve and improve affordable health care;

(5) provide tax relief; and

(6) protect those in greatest need.

For a full breakdown of what’s included, here is the full text of the American Recovery and Reinvestment Act of 2009.