President Barack Obama signs into the law the American Recovery and Reinvestment Act of 2009

Earlier today, President Barack Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA). Whether ARRA will be what is needed to unclog our stalled economic engine remains to be seen. I am sure the automobile companies are hoping it will be just what is needed to restart our economic engine and attract buyers back to the show room. There are some tax breaks in ARRA that may be helpful to MITX members. However, MITX company members will most likely benefit indirectly from ARRA if it does indeed help the economy grow again. For more information on ARRA, please click on (or copy into your browser) the below link to an article on ARRA prepared by several attorneys at DLA Piper:

http://www.dlapiper.com/stimulus_plan_alert/

Feel free to comment on ARRA or pose any questions you may have on ARRA. I will do my best to respond.