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Friday, Apr 26, 2024

House Approves Stimulus Package

The House passed a $146 billion aid package that includes rebates for taxpayers and incentives for businesses. The plan passed by a 385-35 vote after little debate, the Associated Press reported. The package includes roughly $50 billion worth of tax incentives for businesses to invest in new plants and equipment, the AP reported. In addition, the plan will send rebates of $600 for individuals and $1,200 for couples; and a $300 rebate for those who work but don’t pay taxes. Gov. Arnold Schwarzenegger commended the House for its swift action on the package and urged the Senate to follow suit. “This package will pump up our economy by putting more money into the hands of hard-working families through tax relief,” Schwarzenegger said. The Senate is still working on its version of the bill. Lawmakers want to get the bill to President Bush by Feb. 15.

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