Comparison of House and Senate Bailout Bills

The Senate Finance Committee website has a side-by-side comparison of the notable differences in the House and Senate bailout bills available here. Among the significant differences are:

  • Senate bill includes an AMT patch for 2009
  • Senate bill includes an above-the-line deduction for interest expenses and sales taxes paid on the purchase of a new car
  • House bill includes DOE grant for renewable energy projects
  • Senate bill includes a plan to require repayment of large bonuses by institutions that received TARP funds
  • House bill includes extension of Medicaid to unemployed not eligible for COBRA

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