Wednesday, October 1, 2008

New Additions to Bailout Bill

Increase in FDIC deposit insurance to $250K. Why is this important? Because small business who might have over $100,000 in the bank (to pay bill, payroll, etc.) would not have pull their accounts from small banks that might face a bank run..

Extension of the federal tax credit on renewable energy.

Raising the level of the alternative minimum tax.

1 comment:

Anonymous said...

now we're seeing some improvement