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American Recovery and Reinvestment Act of 2009 (view source)
Revision as of 04:52, January 5, 2013
, 04:52, January 5, 2013no edit summary
==Provisions==
==Provisions==
The total of $789 billion includes $275 billion in tax cuts and $514 billion in new spending.
The total of $789 billion includes $275 billion in tax cuts and $514 billion in [[Direct_spending#New_spending|new spending]].
It includes $170 billion for infrastructure projects such as highways, internet broadband and public-housing repairs. Of that, about $40 billion will go to the Energy Department. The act will fund projects to create a "smart" electric grid, build electric automobiles, and make homes and buildings more energy efficient.<ref> Stephen Power and Neil King, Jr. "Next Challenge on Stimulus: Spending All That Money," [http://online.wsj.com/article/SB123448815417580333.html?mod=rss_Politics_And_Policy '' Wall Street Journal'' Feb 13, 2009] </ref>
It includes $170 billion for infrastructure projects such as highways, internet broadband and public-housing repairs. Of that, about $40 billion will go to the Energy Department. The act will fund projects to create a "smart" electric grid, build electric automobiles, and make homes and buildings more energy efficient.<ref> Stephen Power and Neil King, Jr. "Next Challenge on Stimulus: Spending All That Money," [http://online.wsj.com/article/SB123448815417580333.html?mod=rss_Politics_And_Policy '' Wall Street Journal'' Feb 13, 2009] </ref>