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Official seal of Recovery.gov, the official site of the American Recovery and Reinvestment Act of 2009. The House version of the bill, H.R. 1, was introduced on January 26, 2009 [13] by Dave Obey, the chairman of the House Committee on Appropriations, and was co-sponsored by nine other Democrats.
The United States combined many stimulus measures into the American Recovery and Reinvestment Act of 2009, a $787 billion bill covering a variety of expenditures from rebates on taxes to business investment. $184.9 billion was to be spent in 2009, and $399.4 billion was to be spent in 2010 with the remainder of the bill's appropriations spread ...
February 17, 2009 American Recovery and Reinvestment Act of 2009: Authorized approximately $787 billion in supplemental appropriations for the 2009 fiscal year 111-6: March 6, 2009 Continuing Appropriations Resolution, 2009 (2nd) Continued funding for government agencies for an extra five days within the 2009 fiscal year 111-7: March 9, 2009
The bill was a counter-proposal to the American Recovery and Reinvestment Act of 2009 introduced by President Barack Obama. [1] HR 470 proposes to stimulate the economy without new government spending by implementing a permanent five-percentage point income tax cut for all taxpayers; it also would make permanent current capital gains and dividend tax rates at 15% (current law will allowing ...
One of the frightening aspects how deep the recession would go, which is one reason Congress passed and President Obama signed the American Recovery and Reinvestment Act (ARRA) in January 2009. Known as "The Stimulus", ARRA was a roughly $800 billion mix of tax cuts (about one-third) and spending programs (about two-thirds) with the primary ...
Section 1603 of the American Recovery and Reinvestment Tax Act (ARRTA) was a green energy subsidy program created by Congress and signed into law as a part of the 2009 stimulus package. The program was a system of cash grants that was implemented by the U.S. Treasury Department's "Payments for Specified Energy Projects in Lieu of Tax Credits." [1]
Many of the Obama administration's were undertaken as a result of the American Recovery and Reinvestment Act of 2009, and many of those investments were specifically in clean energy. According to a report by Clean Edge: The Clean Tech Marketing Authority , the recovery act included more than $70 billion in tax credits and direct spending for ...
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