Yesterday in Denver, President Obama signed the American Recovery and Reinvestment Act into law, his job-creation and spending bill aimed at getting the economy back on track. Comprising $787 billion in spending, there's something for everyone in the stimulus package; while the American Society of Travel Agents called the bill "a missed opportunity" for its failure to help small-business owners, you may already be a winner thanks to infusions for these sectors:
Road-trippers and commuters. -- One provision in the $82.1 billion slice dedicated to tax credit payments will allow buyers of new cars to deduct sales or excise taxes on vehicles up to $49,500 (as long as you make less than $125,000). City dwellers got some goodies too: You can now set aside $230 a month in pre-tax dollars to pay for public transit to get to work (up from $120) if your employer participates in a program like TransitChek.]]>