Sunday, February 8, 2009

What's in the Stimulus Package

From NBC/FirstRead

Here is a breakdown of some of what's in the stimulus, by the numbers:
-- $825 billion total (as of 1/16/08)
-- $550 billion in new spending
-- $275 billion in tax relief ($1,000 tax cut for families, $500 tax cut for individuals through SS payroll deductions)
-- $ 90 billion for infrastructure
-- $ 87 billion Medicaid aid to states
-- $ 79 billion school districts/public colleges to prevent cutbacks
-- $ 54 billion to encourage energy production from renewable sources
-- $ 41 billion for additional school funding ($14 billion for school modernizations and repairs, $13 billion for Title I, $13 billion for IDEA special education funding, $1 billino for education technology)
-- $ 24 billion for "health information technology to prevent medical mistakes, provide better care to patients and introduce cost-saving efficiencies" and "to provide for preventative care and to evaluate the most effective healthcare treatments."
-- $ 16 billion for science/technology ($10 billion for science facilities, research, and instrumentation; $6 billion to expand broadband to rural areas)
-- $ 15 billion to increase Pell grants by $500
-- $ 6 billion for the ambiguous "higher education modernization."

No comments: