Stimulus Package of 2009

8/14/2019 Stimulus Package of 2009

1/26

$272,174

$217,252

$308,165

The $797 Billion Stimulus Package (in millions)


2/26


3/26

$53,600

$17,174

$21,490

$80

$107,603

$100$1,500

$70,537

$90

$272 Billion Aid Component of 2009 Stimulus Package (in millions)


4/26


5/26

$75$6,506

$27,464

$45,225

$4,976

$6,778

$21,917 $2,655$12,175

$510$4,000

$4,806

$7,435

$15,965

$25

$5,414

$1,002$602

$48,120

$1,401$201

$217 Billion Spending Component of Stimulus Package (in millions)


6/26


7/26

$15,120

$20,037

$14,443

$232,426

$26,139

$308 Billion Tax Provision Component of Stimulus Package (in millions)


8/26


9/26

$797 Billion Stimulus Package of 2009

Page 9 of 26

Aid $272,174

Healthcare $107,603

Federal aid to states for Medicaid spending 90,044

Incentive payments to hospitals and physicians who computerize medical-records systems 17,559

Individual aid $70,537

Extension of jobless benefits for up to 33 weeks 26,960

65% subsidy for laid-off workers to continue paying premiums for former employer's health plan for nine months 24,749

Increase in weekly unemployment benefits by $25 8,800

Grants for states modernizing unemployment compensation coverage among low-wage, part-time and other workers 2,975

Aid to states for temporary assistance to needy families payments (TANF) 2,418

1,600

Waiver on interest payments and accrual in interest on loans held by state unemployment trust funds 1,100

Extra funding for child support enforcement 1,000

Costs of providing health coverage help to workers laid off because of outsourcing overseas 457

Extra aid to states with high population group or increased poverty for TANF payments 319

Aid to states to administer extended benefits 138

Extension of unemployment compensation by 13 weeks for railroad workers 21

Aid to states $53,600

Aid to states to balance education budgets, prevent cutbacks and modernize schools 40,600

Aid to states for public safety and critical services 8,000

Aid to states in form of bonus grants for meeting key performance measures in education 5,000

Two-year extension of program providing income support and training benefits for workers who lose their jobs becauseof outsourcing overseas


10/26


Page 10 of 26

Food $21,490

13% increase in food stamp payments 19,991

Crop insurance reinstatement for farmers who failed to keep up with payments, emergency loans and grants to farmers 749

Extra money for women, infants and children (WIC) special nutrition program 500

Extra commodities for food banks 150

Adult and child day care meals and snacks 100

Education $17,174

Increase in Pell Grant to $5,350 in 2009 and to $5,550 in 2010, and other increases to student aid 17,114

Money to increase size of colleges' student aid funds 60

Housing $1,500

Grants for short-term help with rent and housing relocation for homeless families 1,500

Homeland security $100

Extra emergency food and shelter funding for homeless 100

Other tax cuts $90

U.S. lumber, steel and other companies can keep money they were given from Canadian and Mexican import duties 90

Government $80

80Costs to Internal Revenue Service of providing health coverage help to workers laid off because of outsourcingoverseas


11/26


Page 11 of 26

Spending $217,252

Transportation $48,120

Grants for highway improvements 29,000

Public transit improvements and infrastructure investments 8,400

Grants for capital investments in designated high-speed rail corridors 8,000

Grants to Amtrak 1,300Grants for airport improvements 1,100

200

Grants for investments and improvements to small domestic shipyards 100

Department of Transportation spending oversight 20

Energy $45,225

Money for federal power marketing administrations in electric power transmission systems 6,500

Energy efficiency grants to states and local governments 6,300

Cleanup of former nuclear defense sites 5,127

Home weatherization grants to low and middle-income families 5,000

Modernization of the electric grid 4,400

Loan guarantees for standard renewables 4,000

Research and development of renewable and efficient energy technology 2,500

Advanced batteries manufacturing grants 2,000

Transmission loan guarantees 2,000

Physics research including high-energy physics, nuclear physics and fusion energy sciences 1,600

Grants for industrial carbon capture and energy efficiency improvement projects 1,520

Fossil energy research and development 1,000

Research into low-emission coal plants 800

Cleanup of former nuclear sites 483

Transport electrification grants 400

High-risk research into energy sources and energy efficiency 400

Uranium enrichment decontamination and decommissioning 390

Funding for Energy Star program offering tax credits to consumers purchasing new, efficient appliances 300

Funding for states and local governments to buy efficient alternative fuel buses and trucks 300

Training of electric grid workers 100

Grants for identifying sites to store carbon dioxide emissions 50

Grants for training and research on safe storage of carbon emission\ 20

Oversight of Energy Department spending 15

Administration of funding program 10

Construction and repairs for federal marketing administration 10

Upgrades to Federal Aviation Administration power systems, air traffic control centers and towers and airport lighting,navigation and landing equipment


12/26


Page 12 of 26

Education $27,464

Funding for 'Title I' education programs for disadvantaged children 13,000

Grants for special education programs 12,200

Funding for school computer and science laboratories and technology training for teachers 650

Grants to states for vocational rehabilitation for disabled people 540

Funding for grants for states to create systems tracking individual student data 250

Grants for states to address teacher shortages 200

Money for colleges' work-study programs 200

Grants to states for independent living centers and services for elderly blind people 140

Construction funding for school districts without a local property-tax base 100

Grants for teacher training and professional development 100

Funding for services to homeless children including meals and transportation 70

Department of Education spending oversight 14

$21,917

National Institutes of Health biomedical research 9,500

Renovation and health IT purchases for community health centers 2,000

Grants to states for childcare services for low-income working parents 2,000Extra money for Office of the National Coordinator for Health Information Technology 2,000

Funding for research comparing effectiveness of treatments funded by Medicare, Medicaid and SCHIP 1,100

"Early Head Start" programs for low-income infants 1,100

"Head Start" programs for low-income preschoolers 1,000

Grants for community employment, food, housing and healthcare projects 1,000

1,000

500

National Institutes of Health buildings and facilities repairs and renovations 500

Grants for elderly nutrition services including Meals on Wheels 100

Grants to faith-based and community organizations 50

Funding to improve IT security at the Department of Health and Human Services 50Oversight of Department of Health and Human Services spending 17

Health andServices

Funding for community preventative health campaigns, vaccination programs, healthcare-associated infection reductionstrategies

Training of nurses, primary care physicians, dentists to practice in underserved communities in the National HealthService Corps


13/26


Page 13 of 26

Outdoors $15,965

Loans for communities to upgrade wastewater treatment systems and drinking water infrastructure 6,400

Flood control and water management construction, regulation and investigations 4,125

Water reclamation and reuse projects 1,000

National Park Service deferred maintenance 735

650

Cleanup of hazardous and toxic waste sites 600Fire hazard reduction on federal and state lands 500

Repair of schools, detention centers, roads, bridges, housing, irrigation and dams on Indian reservations 490

Mississippi River and tributary construction 375

280

Cleanup of petroleum leaks from underground storage tanks 200

Priority road, bridge and trail repairs 180

Repairing facilities and equipment for U.S. Geological Survey seismic, volcano, monitoring and stream gages 140

Deferred maintenance on federal lands 125

Clean-up of 'brownfield' former industrial sites 100

Environmental Protection Agency spending oversight 20

Wildland fire management 15

Preservation grants for historically black colleges and universities 15

Interior spending oversight 15

Housing $12,175

Repairs and modernization of public housing projects 4,000

Energy efficiency retrogrades to low-income housing, including new insulation, windows and furnaces 2,250

Funds for building and rehabilitating low-income housing using green technology 2,250

Funds for communities to buy and rehabilitate foreclosed and vacant properties 2,000

Grants for community and economic development projects 1,000

Grants to rehabilitate and improve energy efficiency on Native American housing programs 510

Grants for removing lead-based paint in low-income housing 100

Increase in government-sponsored mortgage provider conforming loan limits 50

Department of Housing and Urban Development spending oversight 15

Renovation of forest roads, bridges and trails, remediation of abandoned mines, removal of barriers to fish and othercritical habitat

Wildlife refuge and fish hatchery construction, deferred maintenance, road maintenance and energy efficient visitorscenters


14/26


Page 14 of 26

Military $7,435

Restoration and modernization of Defense facilities in U.S. and territories 3,840

Defense hospital construction 1,330

Programs for military homeowners facing mortgage problems 555

Improvements and reparations to military medical facilities in U.S. and territories 400

Research and development of renewable energy generation for military 300

Defense energy conservation investments 120

Army "warrior transition complexes" 100

Navy and Marine Corps troop housing 100

Navy and Marine Corps energy conservation and alternative energy projects 100

Air Force troop housing 100

Air Force family housing construction 97

Army child development centers 80

Navy and Marine Corps child development centers 80

Air Force child development centers 80

Army National Guard construction 50

Air National Guard construction 50

Army family housing construction and repairs 38

Department of Defense spending oversight 15

Government $6,778

Construction, repair and energy alterations to federal buildings and facilities 5,550

Small Business Administration loans to businesses 651

Purchase of fuel efficient vehicles for federal fleet 300

Treasury grants to community financial services and economic development groups 100

Funding for Recovery and Accountability Transparency Board 84

Extra money for Small Business Administration disbursement of loans 69

Oversight of Small Business Administration spending 10

Oversight of payroll tax credit and economic recovery payments 7

Oversight of General Services Administration spending 7


15/26


Page 15 of 26

Commerce $6,506

4,350

Extra money for Census 1,000

Coupons, education and consumer support for digital to analogue converter box program 650

Salaries and expenses for program to create broadband inventory map of the country 350

Urban industrial core and rural economic recovery programs 150

Oversight of Commerce Department spending 6

Science $5,414

National Science Foundation research 2,500

Extra money for NOAA satellite development including climate data sensors and modeling 600

NASA shuttle construction 400

NASA climate research 400

Construction of new research equipment and facilities for NSF 400

NIST facilities construction and maintenance backlog 360

Extra money for National Oceanic and Atmospheric Administration facilities and research 230

220

NASA aeronautics research 150

NSF education activities 100

NASA rebuilding of facilities damaged in 2008 floods 50

NASA spending oversight 2

NSF spending oversight 2

Farming $4,976

Broadband grants to rural communities 2,500

Grants for rural waste and waste disposal 1,380

Funding for watershed and flood prevention projects 290

Loans to rural homeowners 200Repairs and security improvements at Agricultural Research Service 176

Guaranteed loans for rural businesses 150

Guaranteed loans for rural community facility building 130

Salaries for staff to modernize IT system at Farm Service Agency 50

Funding for watershed rehabilitation 50

Oversight of Department of Agriculture spending 26

Repairs, security improvements and rental payments at Department of Agriculture 24

Grants to provide wireless and broadband infrastructure to communities, including public computer centers andsustainable adoption of broadband service

National Institute of Standards and Technology work, including research into technology with high-growth potential andtechnology grants to small and mid-size manufacturers


16/26


Page 16 of 26

Labor $4,806

Grants to states for dislocated worker employment and training activities 1,250

Grants to states for youth training, including summer jobs 1,200

Funds to national reserve assistance for dislocated workers 750

Grants to states for adult employment and training activities 500

Funding for states' unemployment insurance and employment service agencies 400

Office of Job Corps construction and modernization of residential facilities for at-risk youth 250

Grants to states with highest unemployment numbers for employment and training 200

Community service program for low-income over-55s 120

Extra funds for department to manage enforcement of labor laws 80

Training high-risk youth in construction job skills 50

Department of Labor spending oversight 6

Justice $4,000

Grants to state and local law enforcement 2,225

Grants to state and local law enforcement to hire extra police officers 1,000

Grants for tribal law enforcement 225

Grants for violence against women prevention and prosecution programs 225

Grants to rural law enforcement 125

Grants for victims compensation programs 100

Grants for state and local law enforcement to pursue Internet sex offenders 50

Grants to law enforcement on southwest border 40

Costs of administering extra grant money 10

Homeland security $2,655

Explosive detection systems for airports 1,000

Construction, repairs and equipment for ports of entry to the U.S. 420

Competitive grants to upgrade state and local fire stations 210

Funding for departmental site security, IT infrastructure, furniture, fixtures and other costs for headquarters 200

Grants for security upgrades to mass transit 150

Grants for security upgrades to ports 150

Repairing and removing bridges hazardous to marine navigation 142

Purchase and deployment of non-intrusive inspection systems for Customs and Border Protection 100

Border security fencing and technology 100

Funding for Coast Guard acquisitions and construction 98

Tactical communications equipment for Customs and Border Protection 60

Immigrations and Customs Enforcement information-sharing technology 20

Oversight of Homeland Security spending 5


17/26


Page 17 of 26

Veterans $1,401

Renovations and energy efficiency improvements to veterans medical facilities 1,000

Improvements to Veterans Affairs benefits administration, IT and claims processing 200

Grants for construction of state extended care facilities for veterans 150

National Cemetery renovations and repairs 50

Oversight of Veterans Affairs and military spending 1

Social Security $1,002

Construction of new National Computer Center for Social Security Administration 500

Extra money for Social Security Administration to process disability and retirement claim backlogs 500

Oversight of SSA spending 2

State $602

290

220

Passport and training funding for State Department 90

State Department spending oversight 2

Indian reservations $510

Indian Health Facilities construction, maintenance and equipment 347

Indian Health Services IT development and deployment 85

Indian Health Facilities sanitation construction 68

Indian guaranteed loans 10

Volunteering $201

Extra money for AmeriCorps volunteer programs 160

Extra money for National Service Trust volunteer programs 40

Corporation for National and Community Service spending oversight 1

Arts $75

Grants to fund arts projects in non-profit sector 50

Smithsonian Institution 25

Oversight $25

Oversight of economic recovery package 25

Creation of information management backup facility for State Department, funding for participation in cybersecurityprogram

Repair and rehabilitation of flood control levees on Rio Grande, with remainder of money for IT investments at U.S.Agency for International Development


18/26


Page 18 of 26

Tax provisions $308,165

Individual tax cuts $232,426

116,199

69,759

Increased eligibility for refundable child tax credit, with all income over $3000 qualifying 14,830Tax credit of up to $2500 for tuition and college expenses 13,907

A tax credit for first-time homebuyers increases from $7500 to $8000, and will not have to be repaid 6,638

$2400 of unemployment benefits will not be subject to federal income tax 4,740

Increase in earned income tax credit for working families with more than three children 4,663

Taxpayers earning less than $125,000 can deduct sales and excise taxes paid on new cars 1,684

Computers and computer technology will qualify for inclusion in tax-advantaged savings plans 6

$26,139

$22 billion in new tax credit bonds for construction or repair of public schools 9,877

$25 billion of bonds for investment in economic recovery zones will be created 5,371

35% credit to bondholders for infrastructure bonds, 35% refundable credit to issuers of bonds 4,348Rules affecting state and local government bonds will be changed to improve marketability 3,789

$2.8 billion of bonds for schools working with businesses 1,045

$10 billion "new markets tax credits" will be available for 2008 and 2009 815

Tribal governments will have fewer requirements on their ability to issue tax-exempt bonds 315

A 3% withholding on payments to government contractors will be delayed for one year 291

High-speed rail facilities for trains capable of going at 150 miles per hour will qualify for facility bonds 288

Energy tax cuts $20,037

Extending by three years the placed-in-service date for renewable energy investments 13,143

30% cap on tax credit for energy efficiency purchases by homeowners, up to $1500 per residence 2,034

Tax credit for plug-in electric vehicle conversion 2,002

$2.4 billion extra qualified energy conservation bonds 803

Removal of cap on tax credits for purchase of small wind systems 604

$1.6 billion extra allocation of clean energy bonds 578

Investment credits in lieu of production credits for renewable energy purchases 285

Credit for purchase of residential solar, geothermal, wind and fuel cells 268

Equalization of parking and transit tax-free employer benefits at $230 for 2009 192

Grants to states for energy projects in lieu of credits 69

50% tax credit for purchase of alternative refueling stations 54

Grants to states for low-income housing projects in lieu of credits 5

$400 payroll tax credit for workers earning up to $75,000; married couples filing jointly get $800 for income up to$150,000

Middle-income taxpayers get an exemption from the alternative minimum tax of $46,700 for an individual and $70,950for a married couple

Infrastructure taxcuts


19/26


Page 19 of 26

Business tax cuts $15,120

0

Businesses will be able to more quickly deduct the cost of investments in plant and equipment from their taxable income 5,074

Some companies restructuring may not be subject to those tougher rules 3,163

Facilities making advanced energy property may be able to claim a new 30% investment tax credit 1,647

1,622

947

Small businesses will be able to exclude 75% of the gain from the sale of some stock held more than five years 829

Businesses will be allowed to recover alternative minimum tax and research and development credits faster 805

415

231

Manufacturing facilities producing "intangible property" such as patents can qualify for industrial development bonds 203

Tax breaks for low-income housing investors 143

Small businesses will be allowed to write-off up to $250,000 of capital expenditures in the year of acquisition 41


One-time payment of $250 for retirees, disabled people, SSI recipients, railroad retirees and disabled veterans 14,225

One-time refundable tax credit of $250 for some government retirees not eligible for social security benefits 218

Restoring tougher rules on taxpayers claiming losses incurred by a company before they bought it is projected to raisemoney

Companies will be allowed to defer taxes for five years on several transactions aimed at restructuring balance sheets,

and repay the taxes over the following five yearsUnprofitable small businesses with annual receipts of less than $15 million can recoup taxes paid in the past five years,up from two

Taxable corporations converting into S corporations will have a 7-year holding period for assets subject to built-in gainstax, from 10 years

Businesses will be able to claim a tax credit for 40% of the first $6000 of wages paid to unemployed veterans or 16-25-year-olds hired


20/26

Total Stimulus Package (in millions) $797,591

Aid $272,174

Aid to states $53,600

Aid to states to balance education budgets, prevent cutbacks and modernize schools 40,600

Aid to states for public safety and critical services 8,000

Aid to states in form of bonus grants for meeting key performance measures in education 5,000

Education $17,174

Increase in Pell Grant to $5,350 in 2009 and to $5,550 in 2010, and other increases to student aid 17,114

Money to increase size of colleges' student aid funds 60

Food $21,490

13% increase in food stamp payments 19,991

749

Extra money for women, infants and children (WIC) special nutrition program 500

Extra commodities for food banks 150

Adult and child day care meals and snacks 100

Government $80

80

Healthcare $107,603

Federal aid to states for Medicaid spending 90,044

Incentive payments to hospitals and physicians who computerize medical-records systems 17,559

$100

Extra emergency food and shelter funding for homeless 100

Housing $1,500Grants for short-term help with rent and housing relocation for homeless families 1,500


Extension of jobless benefits for up to 33 weeks 26,960

24,749

Increase in weekly unemployment benefits by $25 8,800

2,975

Aid to states for temporary assistance to needy families payments (TANF) 2,418

1,600

1,100

Extra funding for child support enforcement 1,000

Costs of providing health coverage help to workers laid off because of outsourcing overseas 457

Extra aid to states with high population group or increased poverty for TANF payments 319

Aid to states to administer extended benefits 138

Extension of unemployment compensation by 13 weeks for railroad workers 21

Other tax cuts $90

90

Crop insurance reinstatement for farmers who failed to keep up with payments, emergency loansand grants to farmers

Costs to Internal Revenue Service of providing health coverage help to workers laid off becauseof outsourcing overseas

Homelandsecurity

65% subsidy for laid-off workers to continue paying premiums for former employer's health planfor nine months

Grants for states modernizing unemployment compensation coverage among low-wage, part-time and other workers

Two-year extension of program providing income support and training benefits for workers wholose their jobs because of outsourcing overseas

Waiver on interest payments and accrual in interest on loans held by state unemployment trustfunds

U.S. lumber, steel and other companies can keep money they were given from Canadian andMexican import duties


21/26

Spending $217,252

Arts $75

Grants to fund arts projects in non-profit sector 50

Smithsonian Institution 25

Commerce $6,506

4,350

Extra money for Census 1,000

Coupons, education and consumer support for digital to analogue converter box program 650

Salaries and expenses for program to create broadband inventory map of the country 350

Urban industrial core and rural economic recovery programs 150Oversight of Commerce Department spending 6

Education $27,464

Funding for 'Title I' education programs for disadvantaged children 13,000

Grants for special education programs 12,200

Funding for school computer and science laboratories and technology training for teachers 650

Grants to states for vocational rehabilitation for disabled people 540

Funding for grants for states to create systems tracking individual student data 250

Grants for states to address teacher shortages 200

Money for colleges' work-study programs 200

Grants to states for independent living centers and services for elderly blind people 140

Construction funding for school districts without a local property-tax base 100

Grants for teacher training and professional development 100

Funding for services to homeless children including meals and transportation 70

Department of Education spending oversight 14

Energy $45,225

Money for federal power marketing administrations in electric power transmission systems 6,500

Energy efficiency grants to states and local governments 6,300

Cleanup of former nuclear defense sites 5,127

Home weatherization grants to low and middle-income families 5,000

Modernization of the electric grid 4,400

Loan guarantees for standard renewables 4,000

Research and development of renewable and efficient energy technology 2,500

Advanced batteries manufacturing grants 2,000

Transmission loan guarantees 2,000

Physics research including high-energy physics, nuclear physics and fusion energy sciences 1,600

Grants for industrial carbon capture and energy efficiency improvement projects 1,520

Fossil energy research and development 1,000

Research into low-emission coal plants 800

Cleanup of former nuclear sites 483

Transport electrification grants 400

High-risk research into energy sources and energy efficiency 400

Uranium enrichment decontamination and decommissioning 390

300

Funding for states and local governments to buy efficient alternative fuel buses and trucks 300

Training of electric grid workers 100

Grants for identifying sites to store carbon dioxide emissions 50

Grants for training and research on safe storage of carbon emission\ 20

Oversight of Energy Department spending 15

Administration of funding program 10

Construction and repairs for federal marketing administration 10

Grants to provide wireless and broadband infrastructure to communities, including publiccomputer centers and sustainable adoption of broadband service

Funding for Energy Star program offering tax credits to consumers purchasing new, efficientappliances


22/26

Farming $4,976

Broadband grants to rural communities 2,500

Grants for rural waste and waste disposal 1,380

Funding for watershed and flood prevention projects 290

Loans to rural homeowners 200

Repairs and security improvements at Agricultural Research Service 176

Guaranteed loans for rural businesses 150

Guaranteed loans for rural community facility building 130

Salaries for staff to modernize IT system at Farm Service Agency 50

Funding for watershed rehabilitation 50

Oversight of Department of Agriculture spending 26

Repairs, security improvements and rental payments at Department of Agriculture 24

Government $6,778

Construction, repair and energy alterations to federal buildings and facilities 5,550

Small Business Administration loans to businesses 651

Purchase of fuel efficient vehicles for federal fleet 300

Treasury grants to community financial services and economic development groups 100

Funding for Recovery and Accountability Transparency Board 84

Extra money for Small Business Administration disbursement of loans 69

Oversight of Small Business Administration spending 10

Oversight of payroll tax credit and economic recovery payments 7

Oversight of General Services Administration spending 7

$21,917

National Institutes of Health biomedical research 9,500

Renovation and health IT purchases for community health centers 2,000

Grants to states for childcare services for low-income working parents 2,000

Extra money for Office of the National Coordinator for Health Information Technology 2,000

1,100

"Early Head Start" programs for low-income infants 1,100

"Head Start" programs for low-income preschoolers 1,000

Grants for community employment, food, housing and healthcare projects 1,000

1,000

500

National Institutes of Health buildings and facilities repairs and renovations 500

Grants for elderly nutrition services including Meals on Wheels 100

Grants to faith-based and community organizations 50

Funding to improve IT security at the Department of Health and Human Services 50

Oversight of Department of Health and Human Services spending 17

$2,655

Explosive detection systems for airports 1,000

Construction, repairs and equipment for ports of entry to the U.S. 420

Competitive grants to upgrade state and local fire stations 210

200

Grants for security upgrades to mass transit 150

Grants for security upgrades to ports 150

Repairing and removing bridges hazardous to marine navigation 142

Purchase and deployment of non-intrusive inspection systems for Customs and Border Protection 100

Border security fencing and technology 100

Funding for Coast Guard acquisitions and construction 98

Tactical communications equipment for Customs and Border Protection 60

Immigrations and Customs Enforcement information-sharing technology 20

Oversight of Homeland Security spending 5

Health andServices

Funding for research comparing effectiveness of treatments funded by Medicare, Medicaid andSCHIP

Funding for community preventative health campaigns, vaccination programs, healthcare-

associated infection reduction strategiesTraining of nurses, primary care physicians, dentists to practice in underserved communities inthe National Health Service Corps

Homelandsecurity

Funding for departmental site security, IT infrastructure, furniture, fixtures and other costs forheadquarters


23/26

Housing $12,175

Repairs and modernization of public housing projects 4,000

2,250

Funds for building and rehabilitating low-income housing using green technology 2,250

Funds for communities to buy and rehabilitate foreclosed and vacant properties 2,000

Grants for community and economic development projects 1,000

Grants to rehabilitate and improve energy efficiency on Native American housing programs 510

Grants for removing lead-based paint in low-income housing 100

Increase in government-sponsored mortgage provider conforming loan limits 50

Department of Housing and Urban Development spending oversight 15

$510

Indian Health Facilities construction, maintenance and equipment 347

Indian Health Services IT development and deployment 85

Indian Health Facilities sanitation construction 68

Indian guaranteed loans 10

Justice $4,000

Grants to state and local law enforcement 2,225

Grants to state and local law enforcement to hire extra police officers 1,000

Grants for tribal law enforcement 225

Grants for violence against women prevention and prosecution programs 225

Grants to rural law enforcement 125

Grants for victims compensation programs 100

Grants for state and local law enforcement to pursue Internet sex offenders 50

Grants to law enforcement on southwest border 40

Costs of administering extra grant money 10

Labor $4,806

Grants to states for dislocated worker employment and training activities 1,250

Grants to states for youth training, including summer jobs 1,200

Funds to national reserve assistance for dislocated workers 750

Grants to states for adult employment and training activities 500

Funding for states' unemployment insurance and employment service agencies 400

Office of Job Corps construction and modernization of residential facilities for at-risk youth 250

Grants to states with highest unemployment numbers for employment and training 200

Community service program for low-income over-55s 120

Extra funds for department to manage enforcement of labor laws 80

Training high-risk youth in construction job skills 50

Department of Labor spending oversight 6

Military $7,435

Restoration and modernization of Defense facilities in U.S. and territories 3,840

Defense hospital construction 1,330

Programs for military homeowners facing mortgage problems 555Improvements and reparations to military medical facilities in U.S. and territories 400

Research and development of renewable energy generation for military 300

Defense energy conservation investments 120

Army "warrior transition complexes" 100

Navy and Marine Corps troop housing 100

Navy and Marine Corps energy conservation and alternative energy projects 100

Air Force troop housing 100

Air Force family housing construction 97

Army child development centers 80

Navy and Marine Corps child development centers 80

Air Force child development centers 80

Army National Guard construction 50

Air National Guard construction 50

Army family housing construction and repairs 38

Department of Defense spending oversight 15

Energy efficiency retrogrades to low-income housing, including new insulation, windows andfurnaces

Indianreservations


24/26

Outdoors $15,965

6,400

Flood control and water management construction, regulation and investigations 4,125

Water reclamation and reuse projects 1,000

National Park Service deferred maintenance 735

650

Cleanup of hazardous and toxic waste sites 600

Fire hazard reduction on federal and state lands 500

490

Mississippi River and tributary construction 375

280

Cleanup of petroleum leaks from underground storage tanks 200

Priority road, bridge and trail repairs 180

140

Deferred maintenance on federal lands 125

Clean-up of 'brownfield' former industrial sites 100

Environmental Protection Agency spending oversight 20

Wildland fire management 15

Preservation grants for historically black colleges and universities 15

Interior spending oversight 15

Oversight $25Oversight of economic recovery package 25

Science $5,414

National Science Foundation research 2,500

Extra money for NOAA satellite development including climate data sensors and modeling 600

NASA shuttle construction 400

NASA climate research 400

Construction of new research equipment and facilities for NSF 400

NIST facilities construction and maintenance backlog 360

Extra money for National Oceanic and Atmospheric Administration facilities and research 230

220

NASA aeronautics research 150

NSF education activities 100

NASA rebuilding of facilities damaged in 2008 floods 50

NASA spending oversight 2

NSF spending oversight 2

Social Security $1,002

Construction of new National Computer Center for Social Security Administration 500

Extra money for Social Security Administration to process disability and retirement claim backlogs 500

Oversight of SSA spending 2

State $602

290

220

Passport and training funding for State Department 90

State Department spending oversight 2

Loans for communities to upgrade wastewater treatment systems and drinking water

infrastructure

Renovation of forest roads, bridges and trails, remediation of abandoned mines, removal ofbarriers to fish and other critical habitat

Repair of schools, detention centers, roads, bridges, housing, irrigation and dams on Indianreservations

Wildlife refuge and fish hatchery construction, deferred maintenance, road maintenance andenergy efficient visitors centers

Repairing facilities and equipment for U.S. Geological Survey seismic, volcano, monitoring andstream gages

National Institute of Standards and Technology work, including research into technology withhigh-growth potential and technology grants to small and mid-size manufacturers

Creation of information management backup facility for State Department, funding forparticipation in cybersecurity program

Repair and rehabilitation of flood control levees on Rio Grande, with remainder of money for ITinvestments at U.S. Agency for International Development


25/26

Transportation $48,120

Grants for highway improvements 29,000

Public transit improvements and infrastructure investments 8,400

Grants for capital investments in designated high-speed rail corridors 8,000

Grants to Amtrak 1,300

Grants for airport improvements 1,100

200

Grants for investments and improvements to small domestic shipyards 100

Department of Transportation spending oversight 20

Veterans $1,401

Renovations and energy efficiency improvements to veterans medical facilities 1,000

Improvements to Veterans Affairs benefits administration, IT and claims processing 200Grants for construction of state extended care facilities for veterans 150

National Cemetery renovations and repairs 50

Oversight of Veterans Affairs and military spending 1

Volunteering $201

Extra money for AmeriCorps volunteer programs 160

Extra money for National Service Trust volunteer programs 40

Corporation for National and Community Service spending oversight 1

Upgrades to Federal Aviation Administration power systems, air traffic control centers and towersand airport lighting, navigation and landing equipment


26/26

Tax provisions $308,165

$15,120

0

5,074

Some companies restructuring may not be subject to those tougher rules 3,163

1,647

1,622

947

829

805

415

231

203

Tax breaks for low-income housing investors 143

41

Energy tax cuts $20,037Extending by three years the placed-in-service date for renewable energy investments 13,143

2,034

Tax credit for plug-in electric vehicle conversion 2,002

$2.4 billion extra qualified energy conservation bonds 803

Removal of cap on tax credits for purchase of small wind systems 604

$1.6 billion extra allocation of clean energy bonds 578

Investment credits in lieu of production credits for renewable energy purchases 285

Credit for purchase of residential solar, geothermal, wind and fuel cells 268

Equalization of parking and transit tax-free employer benefits at $230 for 2009 192

Grants to states for energy projects in lieu of credits 69

50% tax credit for purchase of alternative refueling stations 54Grants to states for low-income housing projects in lieu of credits 5


14,225

218

$232,426

116,199

69,759

Increased eligibility for refundable child tax credit, with all income over $3000 qualifying 14,830

Tax credit of up to $2500 for tuition and college expenses 13,907

6,638

$2400 of unemployment benefits will not be subject to federal income tax 4,740

Increase in earned income tax credit for working families with more than three children 4,663

Taxpayers earning less than $125,000 can deduct sales and excise taxes paid on new cars 1,684

Computers and computer technology will qualify for inclusion in tax-advantaged savings plans 6

$26,139

$22 billion in new tax credit bonds for construction or repair of public schools 9,877

$25 billion of bonds for investment in economic recovery zones will be created 5,371

35% credit to bondholders for infrastructure bonds, 35% refundable credit to issuers of bonds 4,348

Rules affecting state and local government bonds will be changed to improve marketability 3,789

$2.8 billion of bonds for schools working with businesses 1,045

$10 billion "new markets tax credits" will be available for 2008 and 2009 815

Tribal governments will have fewer requirements on their ability to issue tax-exempt bonds 315

A 3% withholding on payments to government contractors will be delayed for one year 291

288

CBO estimates that the costs of carrying out programs and tax cuts are likely to be slightly less than the amount of money authorized.

Business taxcuts

Restoring tougher rules on taxpayers claiming losses incurred by a company before they boughtit is projected to raise money

Businesses will be able to more quickly deduct the cost of investments in plant and equipmentfrom their taxable income

Facilities making advanced energy property may be able to claim a new 30% investment taxcredit

Companies will be allowed to defer taxes for five years on several transactions aimed atrestructuring balance sheets, and repay the taxes over the following five years

Unprofitable small businesses with annual receipts of less than $15 million can recoup taxes paidin the past five years, up from two

Small businesses will be able to exclude 75% of the gain from the sale of some stock held more

than five yearsBusinesses will be allowed to recover alternative minimum tax and research and developmentcredits faster

Taxable corporations converting into S corporations will have a 7-year holding period for assetssubject to built-in gains tax, from 10 years

Businesses will be able to claim a tax credit for 40% of the first $6000 of wages paid tounemployed veterans or 16-25-year-olds hired

Manufacturing facilities producing "intangible property" such as patents can qualify for industrialdevelopment bonds

Small businesses will be allowed to write-off up to $250,000 of capital expenditures in the year ofacquisition

30% cap on tax credit for energy efficiency purchases by homeowners, up to $1500 perresidence

One-time payment of $250 for retirees, disabled people, SSI recipients, railroad retirees anddisabled veterans

One-time refundable tax credit of $250 for some government retirees not eligible for socialsecurity benefits

Individual taxcuts

$400 payroll tax credit for workers earning up to $75,000; married couples filing jointly get $800for income up to $150,000

Middle-income taxpayers get an exemption from the alternative minimum tax of $46,700 for anindividual and $70,950 for a married couple

A tax credit for first-time homebuyers increases from $7500 to $8000, and will not have to berepaid

Infrastructure taxcuts

High-speed rail facilities for trains capable of going at 150 miles per hour will qualify for facilitybonds

Stimulus Package of 2009

Documents

Transcript of Stimulus Package of 2009