Wednesday, January 30, 2008

TAx Rebate Proposal Passes House

The U.S. House of Representatives voted 385-35 to approve a tax rebate for over 110 million Americans. The Senate is considering its own plan which must be reconciled with the House plan before being sent to the president for a signature. The overwhelming vote suggests that the bill is not likely to be vetoed.

The official name of the bill is the Recovery Rebates and Economic Stimulus for the American People Act of 2008, and the number is H.R. 5140.

This link takes you to the roll call vote, notice that Ron Paul voted against it. You can read his justification here. You can get full information about the bill from the Thomas, at the Library of Congress.

I'll post more info about the bill as it continues its march through the legislative process.