Thursday, December 17, 2009

House Approves Next Stimulus

by Bill McBride on 12/17/2009 12:00:00 AM

Note: This is just the House. The Senate votes early next year.

From Reuters: U.S. House approves $155 billion jobs bill

This includes:

  • More infrastructure spending
    The bill would provide $48.3 billion for infrastructure projects that promise to get workers back on job sites by April. Highway construction projects would get $27.5 billion, while subway, bus and other transit systems would get $8.4 billion.
  • Extends COBRA subsidy to 15 months

  • Extends unemployment benefits for six months (that expire at the end of the year).

  • Aid to states:
    States would get $23 billion to pay 250,000 teacher salaries and repair school buildings, and $1.2 billion to pay for 5,500 police officers ... $23.5 billion to help pay their share of federal healthcare programs for the poor.
    The bill doesn't include:
  • Proposed hiring tax credit

  • Cash-for-caulkers.

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