Stimulus 2009

In 2009 President Obama passed a large Stimulus Package to help rescue the economy. Below is a breakdown of how the stimulus package is organized:

* $43 billion – Money for unemployed and financially destitute
* $40 billion – Health Care
* $43 billion – Infrastructure
* $41 billion – Education
* $32 billion – Energy
* $10 billion – Science and Technology
* $13 billion – Housing
* $3.2 billion – Environment
* $4 billion – Law Enforcement

The Taxes section of the economic stimulus plan features the following:

* $145 billion – $500 for each worker and $1000 for each couple tax cut for two years
* $18.3 billion – Greater access to $1000/child per child tax credit for working poor
* $4.7 billion – Increase earned income tax credit
* $10.3 billion – Provide a $2,500 tax credit for college tuition and related expenses for 09 and 10
* $2.6 billion – Do-away with requirement that $7,500 tax credit given to first-time home buyers must be paid back

The Businesses section of the economic stimulus plan features the following:

* $5 billion – Extend provision that allows bussinesses to buy equipment
* $15 billion – Give cash to companies that are losing money
* $7 billion – Repeal Treasury provision regarding purchasing bad banks
* $35.5 billion – Subsidize bonds for school construction, teacher training, etc.
* $13 billion – Extend tax credits for renewable energy
* $4.3 billion – Tax credits to homeowners