Stimulus, Tax Relief Will Cost Additional $43B, CBO Says

Law360, New York (February 21, 2014, 5:55 PM EST) -- According to a Congressional Budget Office report released Friday, the American Recovery and Reinvestment Act of 2009, which included numerous temporary tax relief measures, will increase the country's deficit $43 billion more than originally estimated by the Joint Committee of Taxation. 

The CBO pointed out that the stimulus package raised exemption amounts for the alternative minimum tax, added a new Making Work Pay tax credit, and created enhanced deductions for depreciation of business equipment. Yet despite these tax relief measures, ARRA was only responsible for creating 76,000...
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