Wednesday, January 28, 2009

Stimulus plan

The plan
President Barack Obama's expansive and expensive plan to jump-start the economy is expected to clear its first hurdle on Wednesday when the Democratic-controlled House votes on a $825 billion version that melds new spending and tax cuts.
The economic stimulus plan, first unveiled on Jan. 15 by Obama and House Democrats, strongly emphasizes energy, education, health care and jobs-producing highway construction. The House version of the legislation calls for federal spending of about $604 billion and tax cuts of $212 billion over the next two years, though these figures are likely to change.
The House and Senate versions of the stimulus plan haven’t been reconciled by negotiators from the two bodies, so the bill that will go to the president’s desk is not in its final form.
Congressional leaders have promised Obama they will send him the measure, which could be the single largest bill ever to go through Congress, by mid-February.

Click on the categories at left for a look at some specifics of the plan.
http://www.msnbc.msn.com/id/28661839/

Creative Conclusion;
Here we go America, I hope someone updates us everyday......Mr. President.

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