Today in Obama: Feeling Stimulated Yet? |
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
Related posts:
You should totally follow TWiB! on Twitter! |
|
