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Old 02-25-2009, 06:40 PM
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rockdawg21 rockdawg21 is offline
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Join Date: Jan 2009
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Default Stimulus Bill Breakdown


Stimulus Breakdown

At $787 billion, the federal stimulus package passed into law this month is enough for $2,500 for every man woman and child in the U.S., give or take a few thousand people.

You won't be getting a check like that, however. But even if you don't get a new "green technology" job or work on an expanded passenger rail capacity or any of the many other trickle-down spending aspects of the package, that doesn't mean you're out in the cold.

So, what's in it for you? Here are some the parts of the stimulus package that you may see a piece of:

(Note: Links go to search results for more information on each.)

In your paycheck. Thirteen dollars a week extra in their paychecks courtesy of a tax credit that begins, and this is true, on April Fools' Day. More for couples. No foolin'.

Low-income families that don't make enough to pay income taxes will get a $1,000 tax credit.

At the Realtor. First-time home buyers who buy before Dec. 1 will get an $8,000 tax credit.

At the dealership. Car buyers who buy this year can write off the sales taxes.

At the grocery. People who get food stamps will get more, and the unemployed will see an extra $25 a week.

In the house. There's a 30 percent tax credit up to $1,500 for those buying high-efficiency air conditioners, heat pumps or furnaces, replacing leaky windows or insulating their attics.

After that, it's all a billion here, a billion there. Pretty soon, it adds up to real money.
And for an additional bonus, a small town in Alabama (pop. 194), is requesting $375,000,000 or $2 million per person for mostly "green energy" (33 proposals, with 22 of them being for "green energy").

Along with the more traditional proposals to replace streetlights with solar-powered lights (cost: $3,479,200), to install solar panels on the town hall (cost: $77,000), and to build solar-powered recharging stations for electric golf carts and vehicles (cost: $620,000), Edwardsville and Talladega Springs have assembled a set of even more far-reaching projects.

An outlay of $50.4 million, for example, would go toward installing water pipelines beneath roads to soak up the sun's rays, transferring heat. That technology is currently being used in the Netherlands, which found that while the cost of installation was double that of normal gas heating, the system halved the amount of energy required.
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