Also, the measure would be expensive — the program could cost up to $ 2 billion, and would have to squeeze it's funding
out of the stimulus bill.
Unfortunately, the current
version of the Stimulus Bill, according to some reports, no longer has the $ 15,000 tax credit for any home - buyer.
This is devastating news for small business owners and potential buyers, as it has effectively negated any of the positive
intentions of the stimulus bill.
The bad news is that the SBA, acting
outside of the stimulus bill, has enacted a significant change to business acquisition loans by placing caps on goodwill financing.
In the
case of the stimulus bill, the process had a surprise ending: a version actually smaller than what passed either the House or the Senate.
(CNN)- Mobster and crook references aside, the Illinois Senate debate between Democrat Alexi Giannoulias and Republican Mark Kirk covered substantive policy issues, from their positions on the bank bailouts to the
effectiveness of the stimulus bill.
The current record - high unemployment rates make it difficult to see the
successes of the stimulus bill that Obama signed into law to boost the flagging economy.
At a White House meeting yesterday with House and Senate leaders, Obama noted that polls showed the Democratic Congress's popularity rising with the
passage of the stimulus bill, despite Republicans» near - unanimous opposition because of the package's heavy spending programs.
Money for the program was taken from a part
of the stimulus bill that offered loans to green energy projects — but congressmen say they plan on replenishing that, so the $ 2 billion is likely to simply be heaped on the deficit.