House Passes Stimulus Package for Economy

Posted by Ann on January 29, 2008

The House has overwhelmingly approved the $146 billion package to aid economic growth. Now going to the Senate, the legislation will face an uphill battle there as many Senators want to amend the plan. The bill currently calls for one-time tax rebates, tax breaks for businesses, and measures to help homeowners get or refinance mortgages. Taking the lead in the Senate is Finance Committee Chairman Max Baucus, D-Mont. He has proposed a $160 billion package that the committee will debate and possibly vote on Wednesday.

Categories: Finance
29Jan