U.S Stimulus Package
Finally a balanced version of stimulus package going to approved by lawmakers from both the houses. The final version is very balance, 35% in forms of tax cut and remaining 65% towards spending, mainly construction. My first wish list, redo all
One of my personal wish list also included in this stimulus, that is, digitalize all medical records to reduce paper work. When i started my career in U.S at
The stimulus package is huge and massive in size, i wonder how come Mr. Obama’s team gets assembled this much detailed package very soon and introduced in both the chambers. The green initiatives are great and it increases awareness of saving energy all over country and even world. But we need an innovation based projects also, which are lacking here, anyway innovation always come from private sector not necessary from government.
Here are highlights of this massive Stimulus package, please note it is not from final version.
- $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
Smart electricity grid is much needed infrastructure change now. Energy related work is definitely helps to lower oil consumptions.
- $6 billion High-speed Internet access for rural and underserved areas.
- $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
Source:
http://news.yahoo.com/s/ap/20090211/ap_on_go_co/congress_stimulus
http://money.cnn.com/magazines/fortune/fortune_archive/2001/11/19/316359/index.htm
http://online.wsj.com/article/SB123202946622485595.html
http://www.huffingtonpost.com/2009/02/06/job-loss-chart-what-36-mi_n_164828.html
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