American Recovery and Reinvestment Act
The House of Representatives will be considering an $825 billion economic recovery package Tuesday and Wednesday, with a vote expected Wednesday afternoon or evening.
(H.R.1) Among other things, the package aims to:
• Double within three years the amount of energy that could be produced from renewable resources
• Upgrade 10,000 schools and improve learning for about 5 million students
• Save $2 billion a year by making federal buildings energy efficient
• Triple the number of undergraduate and graduate fellowships in science
Spending highlights:
• $20 billion or more in renewable energy tax cuts and a tax credits
• $92 billion for infrastructure projects
• $43 billion to provide extended unemployment benefits through Dec. 31
• $159 billion towards education and state fiscal relief to prevent cuts in state aid
• $154.5 billion towards health care, including aid to states for Medicare costs and funding to subsidize health care insurance for the unemployed
• $140 billion for individual tax breaks
Click here for more detailed spending information
Click here to read the Democrat’s view of the package (PDF)
Click here to read the Republican’s view of the package
Should Congress pass H.R.1?
We encourage you to let your representatives know how you feel on this very important issue.
peace
No comments:
Post a Comment