Key Votes
HR 5140 - Economic Stimulus Plan - Key Vote
National Key Votes
Tom Petri voted Yea (Passage) on this legislation.
Read recent statements Tom Petri made in this general time period.
Stages
- Feb. 13, 2008 Executive Signed
- Feb. 7, 2008 House Concurrence Vote Passed
- Feb. 7, 2008 Senate Bill Passed
- Jan. 29, 2008 House Bill Passed
- Jan. 28, 2008 Introduced
Family
- HR 5140 - Economic Stimulus Plan
- SB 736 - Prohibits Opening a Vehicle Door Adjacent to a Lane of Traffic
Issues
Stage Details
Legislation - Signed (Executive) - Became Public Law No. 110-185 - Feb. 13, 2008
Legislation - Concurrence Vote Passed (House) (380-34) - Feb. 7, 2008 (Key vote)
Title: Economic Stimulus Plan
Vote to pass a bill that provides tax credit rebates and increases federal mortgage loan limits.
- 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).
Legislation - Bill Passed (Senate) (81-16) - Feb. 7, 2008 (Key vote)
Title: Economic Stimulus Plan
Vote to pass a bill that provides tax credit rebates and increases federal mortgage loan limits.
- 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).
Legislation - Bill Passed (House) (385-35) - Jan. 29, 2008 (Key vote)
Title: Economic Stimulus Plan
Vote to pass a bill that provides tax credit rebates and increases federal mortgage loan limits.
- 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: 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.
Sponsors
Co-sponsors
- Spencer T. Bachus (AL - R)
- Xavier Becerra (CA - D)
- Roy Blunt (MO - R) (Out Of Office)
- John A. Boehner (OH - R)
- James E. 'Jim' Clyburn (SC - D)
- Rosa L. DeLauro (CT - D)
- Rahm Emanuel (IL - D) (Out Of Office)
- Barney Frank (MA - D) (Out Of Office)
- Kay Granger (TX - R)
- Steny H. Hoyer (MD - D)
- John B. Larson (CT - D)
- James O. 'Jim' McCrery III (LA - R) (Out Of Office)
- George Miller (CA - D)
- David Ross 'Dave' Obey (WI - D) (Out Of Office)
- Charles B. 'Charlie' Rangel (NY - D)
