Key Votes

HR 5140 - Economic Stimulus Plan - Key Vote

National Key Votes

David Dreier voted Yea (Passage) on this legislation.

Read recent statements David Dreier made in this general time period.

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Stage Details

Legislation - Signed (Executive) - Became Public Law No. 110-185 -
Signed by President George Bush
Public Law No. 110-185

Legislation - Concurrence Vote Passed (House) (380-34) - (Key vote)

Title: Economic Stimulus Plan

Vote Smart's Synopsis:

Vote to pass a bill that provides tax credit rebates and increases federal mortgage loan limits.

Highlights:
  • Allows a tax credit in 2008 of an amount equal to an individual's net income tax liability or $600 (or $1,200 for a joint return), whichever is less (Sec. 101).
  • Allows at least a $300 tax credit (or a $600 credit for a joint return) for taxpayers who have a qualified income of at least $3,000 (Sec. 101).
  • Defines "qualified income" as earned income, social security benefits for seniors and tier 1 railroad retirees, and certain veterans' compensations and pensions (Sec. 101).
  • Allows a $300 tax credit per child (Sec. 101).
  • Denies eligibility to undocumented immigrants (Sec. 101).
  • Appropriates an additional $266.31 million for the Department of Treasury, to remain available until September 30, 2009 (Sec. 101).
  • Increases the limits on the maximum original principal obligation of mortgages for Fannie Mae and Freddie Mac, and for the Federal Housing Administration (Sec. 201, 202).
See The Voting Record

Legislation - Bill Passed (Senate) (81-16) - (Key vote)

Title: Economic Stimulus Plan

Vote Smart's Synopsis:

Vote to pass a bill that provides tax credit rebates and increases federal mortgage loan limits.

Highlights:
  • Allows a tax credit in 2008 of an amount equal to an individual's net income tax liability or $600 (or $1,200 for a joint return), whichever is less (Sec. 101).
  • Allows at least a $300 tax credit (or a $600 credit for a joint return) for taxpayers who have a qualified income of at least $3,000 (Sec. 101).
  • Defines "qualified income" as earned income, social security benefits for seniors and tier 1 railroad retirees, and certain veterans' compensations and pensions (Sec. 101).
  • Allows a $300 tax credit per child (Sec. 101).
  • Denies eligibility to undocumented immigrants (Sec. 101).
  • Appropriates an additional $266.31 million for the Department of Treasury, to remain available until September 30, 2009 (Sec. 101).
  • Increases the limits on the maximum original principal obligation of mortgages for Fannie Mae and Freddie Mac, and for the Federal Housing Administration (Sec. 201, 202).
See The Voting Record

Legislation - Bill Passed (House) (385-35) - (Key vote)

Title: Economic Stimulus Plan

Vote Smart's Synopsis:

Vote to pass a bill that provides tax credit rebates and increases federal mortgage loan limits.

Highlights:
  • Allows a tax credit in 2008 of an amount equal to an individual's net income tax liability or $600 (or $1,200 for a joint return), whichever is less (Sec. 101).
  • Allows at least a $300 tax credit (or $600 for a joint return) for a taxpayer who earned an income of at least $3,000 (Sec. 101).
  • Allows a $300 tax credit per child (Sec. 101).
  • Appropriates an additional $251.13 million for the Department of Treasury, to remain available until September 30, 2009 (Sec. 101).
  • Increases the limits on the maximum original principal obligation of mortgages for Fannie Mae and Freddie Mac, and for the Federal Housing Administration (Sec. 201, 202).
Note:

NOTE: THIS VOTE WAS TAKEN UNDER A SUSPENSION OF THE RULES TO CUT OFF DEBATE EARLY AND VOTE TO PASS THE BILL, THEREBY REQUIRING A TWO-THIRDS MAJORITY FOR PASSAGE.

See The Voting Record

Legislation - Introduced (House) -

Title: Economic Stimulus Plan


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