House Dems Debut $825B Stimulus Bill

Public works, education get plenty of attention in measure
By Harry Kimball,  Newser Staff
Posted Jan 15, 2009 1:55 PM CST
Rep. David Obey, D-Wisc., right, looks at his notes as Speaker of the House Nancy Pelosi talks with reporters during a Capitol Hill news conference.   (AP Photo)
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(Newser) – House Democrats today introduced a long-awaited stimulus package, developed with President-elect Obama, and totaling $825 billion, the New York Times reports. The economic recovery plan includes billions in tax cuts, Medicare subsidies, and public-education and infrastructure spending. The Senate is developing its own version, and vigorous debate is anticipated as Congress attempts to pass the legislation by mid-February.

“This package is the first crucial step in a concerted effort to create and save 3 to 4 million jobs,” an accompanying memo reads, “jumpstart our economy, and begin the process of transforming it for the 21st century.” The preliminary stab at a solution is weighted about 60-40 in favor of spending and includes $90 billion for infrastructure and more than $100 billion to aid the poor and jobless.