The American Recovery and Reinvestment Act

THE AMERICAN RECOVERY AND REINVESTMENT ACT -- (House of Representatives - July 28, 2009)

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Mrs. HALVORSON. Mr. Speaker, this Congress is responsible for putting in place one of the largest tax cuts in American history as part of the American Recovery and Reinvestment Act.

We can see this benefit of the plan throughout all communities in our country. Because of this legislation, 95 percent of working Americans are receiving tax cuts through the Making Work Pay tax credit, which is a refundable tax credit of up to $400 per worker and up to $800 for couples filing jointly. This is an immediate tax relief for over 110 million working families at exactly the time they need it. Because of this legislation, families can also find tax relief through an expansion of the child care tax credit and through a new $2,500 tax credit for families to help send more of our children to college.

In addition to this tax relief, the recovery plan has provided tens of millions of dollars of investment for improvement projects, like the improvements that have been made to infrastructure and to roads throughout our country.

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