This is the complete text of the massive $789 billion economic stimulus legislation that Congress intends to send to the White House by Monday for President Barack Obama to sign into law.
Obama has said that this measure will save or create up to 3.5 million jobs and is an essential part of the government's multi-part effort to prevent the recession from turning into a "catastrophe." We invite citizens to read this legislation and point out any specific parts that you find interesting, or that you question.
The American Recovery and Reinvestment Act of 2009
The Brookings Institution and the Urban Institute, two respected Washington think tanks, maintain a joint Tax Policy Center. It has analyzed the tax provisions of the massive economic stimulus bill that’s expected to be signed into law next week and given them grades, as on a report card, on the basis of how well each measure would boost the economy in the short run, per dollar of budget cost. To see the report card go to:
The Senate Finance Committee and the Congressional Budget Office both have issued documents analyzing the massive economic stimulus legislation that’s to be enacted by next week. The Finance panel’s study explains various provisions in depth. The CBO report details estimated costs. To see them go to:
Please note that the Joint Explanatory Statement of the Committee of Conference for the American Recovery and Reinvestment Act of 2009 is now available. The text for Division B, which includes tax, unemployment, health, state fiscal relief, and other provisions, is available on the Finance Committee website.
The Congressional Budget Office’s table detailing the estimated cost of the Conference Agreement For H.R. 1, The American Recovery And Reinvestment Act Of 2009.