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Last updated on Wednesday, February 18, 2009
(UNDATED) - President Barack Obama signed the American Recovery and Reinvestment Act into law Tuesday. How will it affect you?
Economist Mike Hicks with Ball State University says you could see a tax cut in your paycheck as early as April. It will add an average of 400 dollars per year for the next two years to your take-home pay.
Hicks says Hoosiers will also feel the effects of the stimulus bill when the state creates public works projects funded by federal money.
Additionally, Indiana communities will get a share of several billion dollars in federal grants to fund local projects.
The White House estimates Indiana's share of the economic stimulus package will create 75,000 jobs over the next two years.
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