Thursday, January 15, 2009

Highlights of Dems $825 Billion Stimulus Plan

Rough list of items via Reuters:

Highlights of US Democrats' $825 bln stimulus bill
(Reuters) - Democratic leaders in the House
proposed an $825 billion economic stimulus
package Thursday.
The legislation is expected to be discussed by two House
committees as early as this week with the aim of sending a
final bill to the White House by mid-February. The Democrats'
bill would offer $275 billion in tax cuts and $550 billion in
investments to create jobs. Highlights include:

HIGHWAYS, RAIL, TRANSPORTATION
.. $30 billion for highway construction.
.. $31 billion to modernize federal and other public
infrastructure with investments that lead to long-term energy
cost savings.
.. $19 billion for clean water, flood control, and
environmental restoration investments.
.. $10 billion for transit and rail to reduce traffic
congestion and gas consumption.
.. $3 billion for airport improvement projects to improve
safety and reduce congestion.
.. $1.1 billion to improve speed, capacity of intercity
passenger rail service.
.. $6 billion to buy buses and equipment for public
transportation.
.. $2 billion to modernize existing transit systems.
.. $1 billion for grants for new commuter rail projects.

STATES, EDUCATION
.. $79 billion in state fiscal relief to prevent cuts to key
services.
.. $39 billion to local school districts, public colleges
and universities distributed through existing state and federal
formulas.
.. $15.6 billion to increase Pell grants for college
students.
.. $6 billion for higher education modernization.

ENERGY
.. $11 billion for research and development, pilot projects,
and federal matching funds to modernize electricity grid.
.. $8 billion for loans for renewable energy power
generation and transmission projects.
.. $6.7 billion for renovations and repairs to federal
buildings.
.. $2 billion for the Advanced Battery Loan Guarantee and
Grants Program, to support U.S. manufacturers of advanced
vehicle batteries.
$2.4 billion for carbon capture and sequestration
technology demonstration projects.

HEALTH CARE
.. $87 billion to states, increasing through the end of FY
2010 the share of Medicaid costs the Federal government
reimburses all states by 4.8 percent, with extra relief tied to
rates of unemployment
.. $30.3 billion to extend health insurance coverage to
unemployed beyond 18 months provided under current law.
.. $3 billion to fight preventable chronic diseases, the
leading cause of deaths in the United States, and infectious
diseases.
.. $3.75 billion for new construction of hospitals and
ambulatory surgical centers.
.. $4.1 billion to provide for preventative care and to
evaluate the most effective healthcare treatments.

BROADBAND, TECHNOLOGY
.. $6 billion to expand broadband Internet access for
businesses in rural underserved areas.
.. $20 billion for health information technology to prevent
medical mistakes, provide better care to patients and introduce
cost-saving efficiencies.
.. $400 million for the Social Security Administration to
replace its computer center.
.. $245 million for the Farm Service Agency to upgrade its
IT to handle workload increases.
.. $276 million for the State Department to upgrade its
technology platforms to meet stricter security needs.

HOUSING
.. $4.2 billion to help communities buy, rehabilitate
foreclosed, vacant properties to create affordable housing.
.. $1.5 billion to help local communities build and
rehabilitate low-income housing using green technologies.
.. $5 billion for public housing repair and modernization,
including critical safety repairs.
.. $6.2 billion to help low-income families reduce their
energy costs by weatherizing their homes.

UNEMPLOYMENT BENEFITS
.. $27 billion to continue the unemployment benefits
program, providing up to 33 weeks of extended benefits through
Dec 31, 2009.
.. $4 billion for job training including formula grants for
adult, dislocated worker, and youth services.

ENVIRONMENT
.. $800 million to clean up hazardous and toxic waste sites
that threaten health and the environment.

WATER RESOURCES
.. $4.5 billion for environmental restoration, flood
protection, hydropower, and navigation infrastructure.
.. $6 billion for loans to help communities upgrade
wastewater treatment systems.
.. $2 billion for loans for drinking water infrastructure.

MISCELLANEOUS
.. $10 billion for science facilities, research, and
instrumentation.
.. $3.1 billion for projects on federal lands such as
visitor facilities, trail restoration, preservation of historic
buildings, rehabilitation of abandoned mines and oil fields.
.. $2.1 billion in repairs to military facilities.
.. $1.2 billion for new construction and $154 million for
renovations to improve military housing.
.. $650 million for extending a coupon program to help
Americans convert the TV sets to receive digital transmission.
.. $430 million for new direct lending and loan guarantee
authorities for small businesses to make loans more attractive
to lenders and free up capital.
.. $100 million for rural business grants and loans to
guarantee $2 billion in loans for rural businesses.

No comments: