Today in Obama: Feeling Stimulated Yet? On January - 29 - 2009 View Comments |
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The House of Representatives approved President Obama’s $819 billion stimulus bill yesterday, without a single Republican vote.
Included in the package are $211 billion in tax cuts and $608 billion in government spending. On the President’s shopping list: “$43 billion for transportation projects, $19 billion in water projects, $21 billion for school modernization projects, $32 billion to fund a so-called smart electricity grid, $6 billion to bring high-speed Internet access to rural America.” Obama believes the package will create 4 million jobs over the next two years.
Other treats you’ll find in the goody bag:
- A $500-per-worker ($1,000 per couple) tax cut for two years for anyone making less than $100,000 a year ($200,000 per couple).
- A $1,000 per-child tax credit for workers who right now pay no income taxes.
- $2,500 in new tax credits to for couples making up to $160,000 a year, to pay for college in 2009 and 2010.
- Laid-off workers will qualify for Medicaid, no matter how high their previous incomes.
Fingers crossed.
Source: Daily News
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Vanessa D. Says:
All I have to say about this is that I thank the good Lord that the House majority is Democrat. Can you imagine what the Republicans would do if they had the majority of votes? Remember what happened when they did? I still remember some of the bills they passed while I scratched my head and said “WTF???”
Call me spiteful, but stimulus aside, I can’t help but be like “Ohh, it burns when the bills they’re passing don’t make you any richer, huh?”
Wall Street vs. Main Street indeed.
Posted on January 29th, 2009 at 1:39 pm
Grafted Devil Says:
Ecclesiates 3:3
Posted on May 19th, 2009 at 5:31 am