February 13, 2009

Here's what's in the stimulus bill for Wisconsin

The U.S. Senate Friday followed the House of Representatives' action earlier this week, and passed the American Recovery and Reinvestment Act -- better known as the stimulus bill. According to the White House, it will "create jobs, jump start growth and transform our economy for the 21st century. Across the country, this package will help businesses create jobs and families afford their bills while laying a foundation for future economic growth in key areas like health care, clean energy, education and a 21st century infrastructure.

Yeah, but what specifically is in it for Wisconsin? Here's what the White House says:
  • Creating or saving 70,000 jobs over the next two years. Jobs created will be in a range of industries from clean energy to health care, with over 90% in the private sector.
  • Providing a "making work pay tax cut" of up to $800 for 2,220,000 workers and their families. The plan will make a down payment on the President’s Making Work Pay tax cut for 95% of workers and their families, designed to pay out immediately into workers’ paychecks.
  • Making 63,000 families eligible for a new American Opportunity Tax Credit to make college affordable. By creating a new $2,500 partially refundable tax credit for four years of college, this plan will give 3.8 million families nationwide – and 63,000 families in Wisconsin – new assistance to put college within their reach.
  • Offering an additional $100 per month in unemployment insurance benefits to 553,000 workers in Wisconsin who have lost their jobs in this recession, and providing extended unemployment benefits to an additional 74,000 laid-off workers.
  • Providing funding sufficient to modernize at least 138 schools in Wisconsin so our children have the labs, classrooms and libraries they need to compete in the 21st century economy.

5 comments:

  1. What they did not tell you

    The Feds now owe (read we the tax payers) more money then the worlds GNP) Great gift to your kids and grand kids.

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  2. Nice headline Dustin. Looks like you are a agent for the administration. will you hold them accountable for that they promised. BTW how do you measure saved jobs? I guess its the jobs in government that were saved.

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  3. Anon 9:27

    Democrats did pass the bill. Not a single republican in the House voted in favor of the bill. Three republicans in the Senate voted in favor.

    This is stating a fact. You seem a little suspicious.

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  4. Wisconsin gets 70,000 jobs? It is not fact just more BS from the left. The administration and media keep saying these things over and over again so it must be true. Government will never have to prove it because they can't.

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  5. There are over twice as many democrats that voted against this than Republicans voted for it. That is a fact, and one that Nobama is embarrassed about.

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