Notice is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.


Tax Credit Bonds

March 18, 2010
Policy Area: 
Economic Target: 
Action Type: 
Tax Break
Maximum Amount: 
$2.29 billion
Amount Spent: 
$2.29 billion
Deficit Impact: 
-$0.16 billion

The Hiring Incentives to Restore Employment Act included tax credits on qualifying bonds.

Also included in the Hire Act were provisions creating incentives for hiring unemployed workers.


Maximum amount reflects the lost revenue from the tax provisions over a 10-year period. Deficit impact reflects the total net cost of the provision in proportion to the total net cost of -$1.1 billion for the bill. Offsets totaled $16.7 billion, stemming largely from foreign account tax compliance and a delay in implementing worldwide interest expense allocation until 2020.

Amount spent unknown.

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