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Bailout Bill

On Oct. 3, 2008, the House of Representatives passed a $700 billion plan to shore up the U.S. financial system that included $107 billion in tax breaks for business and consumers. Fifty-eight members who voted against an earlier version of the bill switched their votes to pass H.R. 1424 (see full vote and full bill text). An overview of the legislation is below:

Bailout Bill

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