2010 Economic Stimulus Amount
62The Economic Stimulus Amount
This is an outline of The American Recovery and Reinvestment Act of 2009 and how the money will be spent. This bill was signed into law on February 17th, 2009.
The total 2009 economic stimulus package amount totals more than $800 billion dollars and will be spent in many different ways. Over $564 billion of this will be in spending and fueling the economy. The remaining will be spent on tax breaks that will have a longer more indirect effect on the economy.
Where will this money go?
- Assistance to the Unemployed $45.7 Billion
- Medicaid Provisions $89.7 Billion
- Tax Provisions $82.1 Billion
- Rural Development $26.9 Billion
- Commerce & Science $13.9 Billion
- Defense $4.8 Billion
- Energy & Water $48.9 Billion
- Environment $14.3 Billion
- Federal Facilities $8.5 Billion
- Health, Labor, & Education $91.3 Billion
- Homeland Security $1.1 Billion
- Housing & Transportation $62.3 Billion
- Military & Veterans $7 Billion
- State Department $.5 Billion
- State Stabilization Fund $79 Billion
- Health Insurance $40.8 Billion
Over $237 billion of this funding will be in tax relief for individuals and $51 billion in tax relief for businesses.
There will be a one-time payment to social security beneficiaries in the amount of $250.00 in addition to their regular benefits. Unemployment beneficiaries will see an increase of up to $25.00 per week in benefits. Many working Americans will see more money back in their paychecks as part of a payroll tax credit. This credit could total nearly $700.00 annually for individuals.
For more stimulus amount information, visit TurboTax Online. TurboTax Online can help you understand how this act will affect you.
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Humm there is about 300 million Americans about 45-50 million on welfare or assistance. 800 BILLION for stimulus! 90 billion for 45-50 million people in the welfare Aka medicade. Even just counting about 600 billion being "spent" each American could get 200 million. It seems that would get people buying houses, cars ect. Rather than wasting it as it's clearly being... Where is this money going?
I'm one of the thousands that are on Social Security. I would like to know if this is really going to happen. Because I heard this in the summer of 2009 and have not happened yet.
i heard there is going to be a stimulus check again for 2010 is this true and if so where can i look for more info
BobMc 20 months ago
$800 billion for 2009 alone. How much was spent on Cash for Clunkers? Answer just under $3 billion. A most successful program that got 690,000 old vehicles off the road, kept workers employed, and improved gas mileage by 58% over the old cars that were replaced. Yes, less than 0.5% of the 2009 stimulus amount was spent on this beneficial program - this program could have continued for years with a relatively small expenditure and accomplished much of what this administration is trying to now with jobs and keeping the consumer stoking the economy. Terminating this program and continuing to throw money at other areas which still show little improvement is just another example of what's wrong with Washington.