Friday, January 30, 2009

skulexio

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Tax cuts ($275 billion): Payroll tax cuts ($500 for each individual, $1000 for couples), $2500 tax credit for higher education, $7500 non-repayable tax credit for first time home buyers (for houses bought until July 1st)
Education investments ($141.6 billion):
==$79 billion in state fiscal relief to prevent cutbacks to key services, including $39 billion to local school districts and public colleges and universities distributed through existing state and federal formulas, $15 billion to states as bonus grants as a reward for meeting key performance measures, and $25 billion to states for other high priority needs such as public safety and other critical services, which may include education.
$41 billion to local school districts through Title I ($13 billion), IDEA ($13 billion), a new School Modernization and Repair Program ($14 billion), and the Education Technology program ($1 billion)

==$15.6 billion to increase the Pell Grant by $500.

??$6 billion for higher education modernization.

Health care investments ($112.1 billion):
??$87 billion for a temporary increase in the Medicaid matching rate for the states
==$20 billion for health information technology, including electronic medical records to prevent medical mistakes, provide better care to patients and introduce cost-saving efficiencies.
==$4.1 billion to provide for preventative care and to evaluate the most effective healthcare treatments.

Welfare/unemployment ($102 billion): $43 billion for unemployment benefits and job training, $39 billion for health insurance and Medicaid, $20 billion for food stamps
Infrastructure investments ($90 billion):
$31 billion to modernize federal and other public infrastructure with investments that lead to long term energy cost savings;
$30 billion for highway construction;
$19 billion for clean water, flood control, and environmental restoration investments;
$10 billion for transit and rail to reduce traffic congestion and gas consumption.

Energy investments ($58 billion):
$32 billion funding for an electric smart grid
??$20 billion for renewable energy tax cuts
$6 billion for weatherizing modest-income homes.

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yul be destroyed