American Recovery and Reinvestment Act 2009 – A breakdown of the stimulus package spending
The $787 billion stimulus package signed into law by President Obama last week:
- Tax relief: $288 billion total, including $15 billion for infrastructure and science, $61 billion for protecting the vulnerable, $25 billion for education and training, and $22 billion for energy.
- State and local fiscal relief: $144 billion to prevent state and local cuts to health and education programs and state and local tax increases.
- Infrastructure and science: $111 billion in spending plus $15 billion in tax relief for a total of $126 billion.
- Protecting the vulnerable: $81 billion in spending plus $61 billion in tax relief for a total of $142 billion.
- Health care: $59 billion, increase medicaid, assist low-income workers with COBRA payments so they can afford to keep health insurance after being laid off, and upgrade to electronic medical records.
- Education and training: $53 billion in spending plus $25 billion in tax relief for a total of $78 billion.
- Energy: $43 billion in spending plus $22 in tax relief for a total of $65 billion.
- Other: $8 billion
According to White House estimates, job impact for different states over the next two years:
The largest portion of jobs will be saved or created in: California – 396,000; Texas – 269,000; New York – 215,000; Florida – 206,000; Illinois – 148,000; Pennsylvania – 143,000; Ohio – 133,000; Michigan – 109,000; Georgia – 106,000; North Carolina – 105,000; New Jersey – 100,000.
Jobs will be saved or created moderately in: Virginia – 93,000; Massachusetts – 79,000; Indiana – 75,000; Washington – 75,000; Arizona and Tennessee each 70,000; Wisconsin – 70,000, Missouri – 69,000; Maryland and Minnesota each 66,000; Colorado – 59,000; Alabama 51,000; Louisiana and South Carolina each – 50,000.
The smallest portion of jobs will be saved or created in: Kentucky – 48,000; Oregon – 44,000; Connecticut 41,000; Oklahoma – 40,000; Iowa – 37,000; Nevada – 34,000; Kansas – 33,000; Mississippi – 30,000; Utah – 32,000; Arkansas – 31,000; Nebraska – 23,000; New Mexico – 22,000; West Virginia – 20,000; Idaho – 17,000; New Hampshire – 16,000; Hawaii and Maine each 15,000; Rhode Island and District of Columbia each – 12,000; Delaware and Montana each 11,000; South Dakota – 10,000; Alaska, North Dakota, Vermont, and Wyoming each 8,000.
Source:
recovery.gov