Written by ysdata on February 16, 2009 – 6:52 am
What’s inside the President’s Stimulus Package? Well to start, $825 Billion dollars. While President Obama is living up to bipartinship and reaching out to republicans, many Republicans are opposed to the stimulus package. Many Republicans are convinced that the stimulus package will only increase government spending. Included in the stimulus package is $50 million for the National Endowment for the Arts, $335 million on educating teens about sexually transmitted diseases, and $200 million to spruce up the National Mall.
However, also included the stimulus package is money for much need road work. infrastructure is included to the tune of $30 billion — of which $10 billion to be spent in the first 18 months, and $18 billion for renewable energy projects — of which $3 billion will be spent within the first 18 months.
Although many Republicans are up in arms about the new stimulus bill, many Republicans are happy that President Obama has changed the tone in the White House, by leaving the door open for more suggestions and solutions to the current economic crises.
So, as a new week begins and despite challenges facing the stimulus package, it appears to have passed. President Obama is slated to sign the stimulus bill tomorrow, which now includes $838 billion dollars. Here the vote tally — House of Representative passed the bill 246-183, and the Senate passed the bill 60-38.
The stimulus bill contains over 1,071 pages that includes everything from $286 billion dollars worth of tax cuts to $15 billion dollar for health care.
Stimulus Package List
- $286 Billion for tax cuts
- $54 billion for cash strapped states
- $311 billion for appropriation
- $120 billion for infrastructure
- $14.2 billion for health care
- $105.9 billion for education
- $37.5 billion for energy
- $24.3 billion for impacted by economic crises
- $7.8 billion for law enforcement
The stimulus bill is also slated to produced 3.5 million jobs over the next two years — of which 800,000 should be seen in the fourth quarter of 2009.
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