31 January 2008

They Voted For You: Economic Stimulus

Supporters of the Recovery Rebates and Economic Stimulus for the American People Act of 2008 included all three of West Virginia's U.S. House members.

Reps. Alan Mollohan, D-1st, Shelley Moore Capito, R-2nd, and Nick Rahall, D-3rd, voted for the proposal "to provide economic stimulus through recovery rebates to individuals, incentives for business investment, and an increase in conforming and FHA loan limits."

It prevailed 385-35.

But as The Associated Press reports, "the Senate is set to begin voting on dueling economic aid proposals, as senators rush to add jobless benefits and tax rebates for high earners, the elderly, and disabled veterans" to the House-passed measure.

The article also explains that the bill "would send rebates of $500-$1,000 to all but the richest taxpayers. Families also would get $300 for each child. Senators could begin voting as early as Thursday in hopes of completing the package by week's end."

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