Now that it’s been a few weeks since our new president passed the $787 Billion Economic Stimulus Plan, it’s easier to get more details on exactly how it’s broken down. Did you know that $217 billion is allotted for state and local governments? Many of our president’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
What Do You Think of The Government’s Economic Stimulus Plan Breakdown
Do you think this is the correct allocation? Personally, I rather see us put more aid into the programs for future generations (like human capital for example) but that’s just me. What about you?
