President Obama met with the house of representives on Tuesday (1/27/09) to propose a $825 Billion dollar Stimulus package.
Which includes:
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Expand Medicaid: $87bn
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Help state governments: $79bn
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Help school districts: $41bn
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Higher unemployment benefits: $36bn
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Rebuild roads: $30bn
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Computerise medical records: $20bn
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Green electricity grid: $11bn
And also includes:
- More than 3,000 miles of new electricity transmission lines would be laid down to improve the US power network
- 75% of public sector buildings would be made more energy-efficient, saving taxpayers $2bn a year
- More than 2.5m homes would be “weatherized” (made more energy efficient)
- Funds would be made available to improve or renovate 10,000 schools
Republican lawmakers who had criticised the rescue package as being too expensive and unworkable.
Mr. Obama said swift action was needed on the economy. He hoped his plan could clear Congress by mid-February.
“I am confident that we are going to get it passed,” Mr Obama said as he met business leaders in the White House ahead of the vote.
Proposals include tax credits for firms that create jobs, tax cuts for 95% of American workers and extended unemployment benefits.
YOU GO OBAMA! Change never came easy!
Who Is Mr. Sykes? 