Summary
WASHINGTON - House Democrats unveiled an $825 billion economic recovery bill Thursday, unprecedented in its scale and reach, that would provide an enormous infusion of public spending in hopes of kick-starting the sagging economy.
The legislation - two-thirds spending and one-third tax cuts - would provide help for the poor and unemployed and hand out huge grants for local schools and state governments, among its many provisions.See the full content of this document
Extract
House Democrats Propose $825 Billion Stimulus Bill
President-elect Barack Obama said it would fulfill his promise of creating or preserving more than 3 million jobs. But Republicans calculated that would equal as much as $275,000 per job.
Virtually everyone living in the United States would be affected by the plan. A $500 tax cut would re...See the full content of this document
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