Read about the proposed stimulus plan

Read the stimulus plan

"It's clear that under both bills, individuals who are under certain income levels would get a $500 tax benefit and married couples would get a $1,000 tax benefit. The House bill is more generous where the phase out starts at $75,000 for individuals and $150,000 for married couples. Under the Senate bill, the phase out is $70,000 and $140,000," said Martin.
Stimulus Plan

There's also a home buyer credit. For first time home buyers, the House bill is providing a $7,500 credit. You would not have to pay it back over 15 years like you do under the existing provision.
The Senate bill is offering a similar credit.
“The Senate bill is much more generous. It provides you with a $15,000 credit, which would apply not only to first time home buyers. It might also apply to people who have owned a home in the past," said Martin.