Highlights of Economic Recovery Plan
Spending
Energy | ||
$32 billion | Funding for "smart electricity grid" to reduce waste | |
$20 billion + | Renewable energy tax cuts and a tax credit for research and development on energy-related work, and a multiyear extension of renewable energy production tax credit | |
$6 billion | Funding to weatherize modest-income homes |
Science and Technology | |
$10 billion | Science facilities |
$6 billion | High-speed Internet access for rural and underserved areas |
Infrastructure | |
$32 billion | Transportation projects |
$31 billion | Construction and repair of federal buildings and other public infrastructure |
$19 billion | Water projects |
$10 billion | Rail and mass transit projects |
Education | |
$41 billion | Grants to local school districts |
$79 billion | State fiscal relief to prevent cuts in state aid |
$21 billion | School modernization |
Health Care | |
$39 billion | Subsidies to health insurance for unemployed; providing coverage through Medicaid |
$90 billion | Help to states with Medicaid |
$20 billion | Modernization of health-information technology systems |
$4 billion | Preventative care |
Taxes
Individuals:
- $500 per worker, $1,000 per couple tax cut for two years, costing about $140 billion
- Greater access to the $1,000-per-child tax credit for the working poor
- Expansion of the earned-income tax credit to include families with three children
- A $2,500 college tuition tax credit
- Repeal of a requirement that a $7,500 first-time homebuyer tax credit be paid back over time
Businesses:
- An infusion of cash into money-losing companies by allowing them to claim tax credits on past profits dating back five years instead of two
- Bonus depreciation for businesses investing in new plants and equipment
- Doubling of the amount small businesses can write off for capital investments and new equipment purchases
- Allowing businesses to claim a tax credit for hiring disconnected youth and veterans
Source: Associated Press
ok and on to more shit
Israel is still blowing the shit out of Gaza. i was thinking about this last night and i would prefer and i think everyone would prefer that i try not to have any sort of lean with the news. at the same time it is a blog and its kind of the point of one to not shut about what i think, so what im going to do is warn prior to my opinion so it can be skipped over. so yea, this is your warning.
OPINION
i feel whats happening in gaza is fucked up, and israel is violating a couple big time laws in the process of their campain. i also know they will not be punished ever as long as the US oks it. not everyone in israel is batshit insane though, youd think they are to be ok with some shit like this but the problem is the extreeeme zionists. the people that lie and cheat to make settlements on land that isnt theirs. its kind of like the bat shit crazy right wing christians here in america its just theyre a lot more powerful in israel. if ANY politician decided they wanted to run on a platform of pre 1967 borders and give palestine statehood they would never ever ever ever ever win an election. this is a political move. they can cripple hamas' ability to shoot rockets by the end of this but theyll be shooting again because theyre retards. the point of this for the kadima party(the current ruling party in the israeli parliament. headed by ehud olmert whos stepping down and tzipi livni whos stepping up in the election against the likuds partys benjamin netanyahu) to prove itself to the fucking selfish morons of israel they are willing to be just as vile and disgusting as netanyahu, their executioner of choice. israels parliamentary elections are on Feb 10th
the latest in this is a couple more peace accords are on the table and both parties are putting a bit more consideration in these. egypt and saudia arabia are nowhere to be found in the deal coming from hamas and a couple other palestinian organizations. prolly cause they hate hamas(love them some fatah tho). un secretary general ban ki moon says theyre close to a deal, but what does he know the un is only useful to the us when trying to systematically destroy countries like iran through sanctions ^__^
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