Tag Archives: recovery bill

The American Recovery and Reinstatement Act

Last week I mentioned that free money wasn’t cheap.  Well, both the House and the Senate passed the bill entitled “American Recovery and Reinvestment Act of 2009” on Friday the 13th – ironic, isn’t it? – and what we had thought might be a $15000 tax credit to home buyers in 2009 has been reduced to as much as an $8000 credit.  Here’s a breakdown of H.R. 1 from the National Association of Realtors: Read More