What the Stimulus Package Would Get Us

$800 billion, $647-page tome means big gov't again
By Matt Cantor,  Newser User
Posted Feb 1, 2009 3:23 PM CST
Republican senators explain their opposition to President Barack Obama's financial stimulus package during a news conference at the Capitol, Jan. 29, 2009.    (AP Photo/J. Scott Applewhite)
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(Newser) – President Obama’s $800 billion stimulus plan—which stood at 647 pages when it passed the House last week—signals a return to “unabashed” big government, the Los Angeles Times reports. Here’s what it means:

  • For the next 2 years, individuals making under $75,000 will get a $500 tax credit. Those making more than $100,000 will get no tax credit. Those earning under $80,000 will also get a $2,500 college tuition credit.

  • Some $30 billion will go to highway and bridge projects, $20 billion to school projects, and a few billion each to various projects including clean water and public transit.
  • Unemployment benefit terms will be extended for about 3.5 million; some 20 million will get a $25-a-week increase in aid checks. Roughly 8.5 million who lose jobs will get help keeping their health insurance.
  • About $100 billion will push energy efficiency, through measures like better-built houses and new power lines that could help distribute renewable energy.
  • States will get $87 billion in emergency aid.
For more details, click the link below.
(Read more President Obama stories.)