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Wednesday, January 28, 2009

House Passes Stimulus Plan

by Calculated Risk on 1/28/2009 07:13:00 PM

From the NY Times: House Passes Obama’s Stimulus Package

Without a single Republican vote, President Obama won House approval on Thursday for an $819 billion economic recovery plan as Congressional Democrats sought to hold down their own difference over the enormous package of tax cuts and spending.
As Senate Democrats prepare to bring their version to the floor on Monday, Democrats from the House and the administration indicated they would ultimately accept a provision in the emerging Senate package that would adjust the alternative minimum tax to hold down many middle-class Americans’ income taxes for 2009.

The provision, which would drive the overall cost of the package to nearly $900 billion, was not in the legislation passed by the House.
It sounds like the stimulus package will pass the Senate and be signed into law by mid-Feb. The WSJ has some state by state stats and graphics (for those with access).