Gov?s $787 Billion Economic Stimulus Plan Breakdown
Now that itÂ’s been a few weeks since our new president passed the $787 Billion Economic Stimulus Plan, itÂ’s easier to get more details on exactly how itÂ’s broken down. Did you know that $217 billion is allotted for state and local governments? Many of our presidentÂ’s speeches touted the infrastructure and investments in efficient energy inventions but those only totaled $169.5 billion. Want to know the rest?
The Governments Economic Stimulus Plan Breakdown
Tax Cuts – $244 Billion
$99B – Payroll-Tax Holiday
$90B – Business Expenses Tax Breaks
$25B – Earned Income Tax Credit
$20B – Renewable Energy Tax Credit
$10B – Tuition Tax Credit
Aids For State and Local Gov – $217 Billion
$87B – Medicaid Cost Sharing
$79B – State Grants
$42B – State and Local Bond Tax Credit
$5B – Community Development
$4B – Rural Development
Relief – $120 Billion
$42B – Expanded Unemployment Insurance
$40B – Health Insurance for Unemployed
$20B – Expanded Food Stamps
$11B – Housing Assistance
$4B- Supplemental Social Security Income Payments
$3B – Welfare
Infrastructure – $101 Billion
$30B – Highways
$20B – School Renovation
$17B – Health Information Technology
$13B – Transportation Projects
$8B – Water Projects
$7B – Military and V.A. Construction
$6B – Accelerated Deployment of Broadband
Energy Efficiency – $59.5 Billion
$22B – Federal Energy Efficiency Grants
$19B – Other Energy Efficiency Grants
$11B – Smart Electric Grid
$8B – Renewable Energy Loan Guarantees
Human Capital – $45.5 Billion
$25B – Education Programs
$15B – Federal Pell Grants
$4B – Job Training
$2B – Scientific Research
COMMENTS
Why the Hell didn't we just put ALL OF THE MONEY INTO THE DANG INFRASTRUCTURE UP FRONT INSTEAD OF ALL THE BS.
Riddle me this. Fix a bridge, people get jobs they pay taxes. Those supplying and delivering the steel and concrete get more jobs and pay taxes. The area of the construction gets money from the workers and taxes get collected. and etc..............
Wouldn't all these JOBS HAVE GENERATED MONEY FOR THE STATES AND LOCAL GOV'TS ANYWAY?
Only 101 BILLION ON INFRASTRUCTURE. But hey, we needed animal crossings in Florida. Ummm we needed a tattoo parlor. Needed a HALF BILLION FOR A FAILING BUSINESS.
I.e. WE WASTED ALOT OF DANG MONEY.
