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 pass Senate next week. Once passed, it will go to President’s desk for signature and will become a law - American Recovery and Reinvestment Act of 2009.
There are too many confusing and conflicting information available on the internet, since bill has not signed by President, lot of that information may or may not get singed in to a law.
Once President signs it and details are available we will review the entire bill and post a summary report for our readers to review and reap the rewards. There are lots of tax credits for homes owners and incentives for individuals and businesses, be sure to return for the detail report.
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