Archive for February, 2009
American Recovery and Reinvestment Act of 2009
Past week Congress had passed $827B stimulus package and then Senate followed suite with the modified bipartisan bill of $787B. On Feb 13th 2009 Congress made further changes and modifications and passed $787B bill with the majority voting 246-183. Now it will go back to Senate for a final approval and it is hoped to [...]
New Home Buyer Tax Credit – 2009 Economic Stimulus Package
As per the current news (Feb. 9th 2009), there are provisions in the $827 Billion economic stimulus package proposed by Congress and President Obama, that includes $15,000 tax credit for a first time home buyer. This can give tremendous jolt to the US economy in a positive way and can stimulate home purchases by thousands [...]
