February 14, 2009 in Nation/World

What’s in the stimulus package

 

A look at many of the spending programs and tax cuts included in the stimulus legislation approved Friday:

HEALTH CARE

•$87 billion for Medicaid health care coverage for the poor.

•$19 billion to accelerate the use of health information technology systems.

EDUCATION

•$53.6 billion in direct aid to states, including $40.6 billion for local school districts and $8 billion for public safety and other critical services.

•$2,500 annual tax credit for higher education expenses.

•$500 increase in the maximum Pell Grant for low-income college students to $5,350 in 2009 and $5,550 in 2010.

•$13 billion for Title I grants for schools in low-income areas.

•$12.2 billion for special education.

•$1.1 billion for Early Head Start and $1 billion for Head Start.

INFRASTRUCTURE

•$29 billion to modernize roads and bridges.

•$18 billion for clean water, flood control and environmental restoration.

•$8.4 billion for transit.

•$8 billion for high-speed rail.

•$5 billion to upgrade Defense Department facilities, including housing for troops.

TAX CUTS

•“Making Work Pay” tax credit of $400 for single filers and $800 for couples. The credit would begin phasing out at $75,000 of income for single filers and $150,000 of income for couples.

•Allows low-income families earning as little as $3,000 to qualify for the child tax credit.

•Expands the Earned Income Tax Credit for families with three or more children and increases marriage penalty relief.

•Exempts 24 million taxpayers, for another year, from the Alternative Minimum Tax.

•Revises the $7,500 tax credit for first-time home buyers by removing the repayment requirement.

•Exempts from federal taxes the state and local sales taxes paid on the purchase of cars, light trucks and SUVs.

•Temporarily exempts some unemployment benefits from income taxes.

UNEMPLOYED

•Continues through December 2009 the program that provides up to 33 weeks of extended unemployment benefits.

•$25 increase in weekly unemployment benefits.

FOOD

•Increase monthly food stamp benefits by more than 13 percent.

•$100 million for emergency food and shelter to help community groups.

WORKERS

•$4 billion for job training.

•$2 billion for the Neighborhood Stabilization Program to help communities buy and fix up foreclosed, vacant properties.

•$1.5 billion for the Emergency Shelter Grant program to provide short-term rental assistance and other aid.

•Payment of $250 to Social Security and disability recipients and veterans receiving disability compensation and pension benefits from the Department of Veterans Affairs.

ENERGY

•$30 billion for a smart power grid, advanced battery technology and other energy efficiency measures.

•$20 billion in tax incentives for renewable energy and energy efficiency over the next 10 years.

•$6.3 billion for energy efficiency in multifamily housing getting federal assistance, such as HUD-sponsored housing.

•$5 billion to weatherize more than 1 million homes owned by “modest-income” families.

SCIENCE

•$8.5 billion for programs at the National Institutes of Health, including biomedical research on Alzheimer’s, Parkinson’s, cancer and heart disease.

•$3 billion for basic research by the National Science Foundation.

•$1.6 billion for the Department of Energy’s Office of Science for areas such as climate, biofuels, high-energy physics, nuclear physics and fusion energy.

•$1 billion for NASA, including $400 million for climate change research.

Gannett


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