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Details of the Fiscal Stimulus Plan – Part 1

I thought might want to see a breakdown of the fiscal stimulus plan. It is categorized into three main areas: Aid, Spending, and Tax Provisions. Some of it should clearly be stimulative; a lot of it is not. However, given the monetary stimulus already in the system, maybe this will add that needed velocity to get things moving in our economy.

The source data for this comes from Wall Street Journal OnLine…]

Also, please note that it is too much information for Yahoo to handle in just one blog post…

Mark

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Aid

Food

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

$500

Aid

Food

Extra commodities for food banks

$150

Aid

Food

Adult and child day care meals and snacks

$100

Aid

Food

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

$749

Aid

Food

13% increase in food stamp payments

$19,991

Aid

Government

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

$80

Aid

Homeland security

Extra emergency food and shelter funding for homeless

$100

Aid

Education

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

$17,114

Aid

Education

Money to increase size of colleges' student aid funds

$60

Aid

Housing

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

$1,500

Aid

Aid to states

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

$40,600

Aid

Aid to states

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

$5,000

Aid

Aid to states

Aid to states for public safety and critical services

$8,000

Aid

Other tax cuts

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

$90

Aid

Individual aid

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

$1,600

Aid

Individual aid

Extension of jobless benefits for up to 33 weeks

$26,960

Aid

Individual aid

Increase in weekly unemployment benefits by $25

$8,800

Aid

Individual aid

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

$2,975

Aid

Individual aid

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

$1,100

Aid

Individual aid

Extension of unemployment compensation by 13 weeks for railroad workers

$21

Aid

Individual aid

Aid to states to administer extended benefits

$138

Aid

Individual aid

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

$2,418

Aid

Individual aid

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

$319

Aid

Individual aid

Extra funding for child support enforcement

$1,000

Aid

Individual aid

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

$457

Aid

Individual aid

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

$24,749

Aid

Healthcare

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

$17,559

Aid

Healthcare

Federal aid to states for Medicaid spending

$90,044

Subtotal

$272,174