Yesterday, the Senate passed its version of the American Recovery and Reinvestment Act of 2009 by a vote of 61 to 37. Differences between the House and Senate are being worked out in a conference committee.
In total, the House bill costs roughly $820 billion over ten and a half years, while the Senate bill costs $838 billion. Although similar in size, the two stimulus bills contain
a number of important differences. The Senate version relies more on tax cuts and… more