S. 3689, Economic Recovery Act of 2008 – November 18, 2008 – Cost estimate for the bill as introduced on November 17, 2008.
“CBO estimates that enacting this legislation would provide $89.3 billion in budget authority and result in outlays totaling $50.4 billion in 2009 and $88.4 billion over the 2009-2018 period excluding potential additional costs for automobile industry assistance under title VI of the bill. (CBO cannot estimate the net incremental cost of enacting title VI at this time.) In addition, CBO and the Joint Committee on Taxation (JCT) estimate that enacting this bill would result in a loss of revenues totaling $10.9 billion over the 2009-2018 period.”
CQ Politics: “In addition to the $25 billion in loans for automakers, the proposed stimulus package would include $37.8 billion for state Medicaid programs; $13.5 billion for infrastructure projects including highway repair, bridge construction, Amtrak and public transit; extended unemployment benefits; a tax break for car purchases; $700 million in grants for public-housing agencies; $1 billion for the National Institutes of Health; $2.5 billion for school repairs; $1 billion for border security programs such as building and repairing border stations and implementing new technologies on the southwest border; and $990 million for Justice Department grant programs to local law enforcement.”
Sorry, comments are closed for this post.