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Obama Signs American Recovery and Reinvestment Act

February 18, 2009

The $787 billion American Recovery and Reinvestment Act passed the House 246-183 and the Senate 60-38 last Friday, and President Obama signed it yesterday. The final recovery package represents a reasonable compromise between the House and Senate versions and is a needed down payment on helping working and middle income families make it through the recession.  The recovery package will give 2.9 million more low-income children a needed tax credit than the Senate version and 10 million children a larger a tax credit-a provision that FCNL lobbied for.

Notably, the final recovery package will give a $20 billion boost to SNAP (the food stamps program) and $87 billion to Medicaid.  It will also extend and expand Unemployment Insurance benefits.  It does not give as much money to states for education programs as the House-passed version, we expect congress will address this through a separate bill.  While not perfect, most of the spending in this package is focused on working families and it will help prevent millions from falling into poverty.

Thank your members of Congress for passing the American Recovery and Reinvestment Act.

Read the House Appropriations Committee’s summary of the final bill.

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