Stimulus 2.0: The Details – Part I

House Approves Next Stimulus by 

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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