The 2009 economic stimulus bill - The American Recovery and Reinvestment Act - represents the largest single government spending bill in our nation's history. The bill's $787 billion in spending and tax cuts is intended to stimulate the economy by getting Americans working and spending again.
Virtually every family or individual in America will be touched in some way by this massive stimulus bill. Here are some ways in which the economic stimulus bill might affect you:
- Tax Help for Families, Individuals and Businesses
Tax breaks and incentives for individuals, families, businesses, homebuyers, students and more.
- Helping Seniors, Disabled Veterans, and SSI Recipients
Trying not to exclude anybody, this time.
- Helping Workers Impacted by the Recession
Laid off? Hoping to change careers? Here's some help for you.
- Fixing the Infrastructure -- Creating Jobs
Roads, bridges, pipes and more. So much to fix and build, so many workers needed to do the job.
- Reducing Health Care Costs
Helping the unemployed remain insured, while creating jobs at the same time.
- Improving Education
Keeping the teachers teaching and helping make college more affordable.
- Advancing Science and Technology
It's a global economy out there. We must maintain our leadership position in order to compete and recover.
It should be noted that creating new jobs in every state across the nation and helping workers remain employed is a common goal of several aspects of the 2009 economic stimulus bill.
Cash for Appliances Rebate Program
The Cash for Clunkers program left U.S. consumers wondering what "Cash for What Else" program is coming next. The answer is cash for home appliances, as the Department of Energy prepares to launch a program offering rebates on purchases of energy-efficient, ENERGY STAR certified products.
Help for Social Security, SSI Recpients: $250 economic recovery payments will be sent to more than 52 million persons currently receiving Social Security, and Supplemental Security Income (SSI) benefits beginning in early May 2009 and continuing into June.