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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 ...
The Omnibus Appropriations Act, 2009 (H.R. 1105, Pub. L. 111–8 (text)) is an Act for the United States government that combines bills funding the operations of each of the Cabinet departments, except Defense, Homeland Security, and Veteran Affairs into a single appropriation bill.
Extended certain small business programs through September 30, 2009 111-44: August 7, 2009 New Frontier Congressional Gold Medal Act: Authorized a Congressional Gold Medal for Buzz Aldrin, Neil Armstrong, and Michael Collins (the crew of Apollo 11, the first human lunar landing mission) and John Glenn (the first American to orbit the Earth) 111-45
A May 15, 2009, Washington Post article reported that the 'Buy American' provision of the stimulus package caused outrage in the Canadian business community, and that the government in Canada "retaliated" by enacting its own restrictions on trade with the U.S. [64] On June 6, 2009, delegates at the Federation of Canadian Municipalities ...
Speaker Mike Johnson said Thursday night that Republicans will "regroup" and "come up with another solution" after the government funding bill they negotiated with President-elect Donald Trump ...
A study in June 2009 by the non-partisan Congressional Budget Office (CBO) indicated that the bill would be roughly deficit-neutral for the government over the next decade: [10] enacting the legislation would increase revenues by $873 billion over the 2010–2019 period and would increase direct spending by $864 billion over that 10-year period.
After days of heated negotiations on Capitol Hill and eleventh-hour interference from President-elect Donald Trump and his ally Elon Musk, the House passed a funding bill to prevent a government ...
Decreased tax revenue and high spending resulted in an unusually large budget deficit of about $1.4 trillion, well above the $407 billion projected in the FY 2009 budget. [10] A 2009 CBO report indicated that $245 billion, about half of the excess spending, was a result of the 2008 TARP bailouts.