Many States Happy With First Draft of Stimulus Package

The first draft of the house stimulus package has been released. This piece from Stateline looks at its major components.

"House Democrats Jan. 15 released details of their version of a plan containing $550 billion in spending and $275 billion in tax cuts that they say will help pull the country out of a financial freefall compared by some experts to the Great Depression."

"Crucial to states, the two-year package includes $87 billion to help pay for Medicaid, the joint federal-state program that costs $330 billion annually and serves 59 million needy Americans, and at least $100 billion for infrastructure spending - two top priorities of many governors and state legislators."

"Here's a breakdown of the key components of the House proposal important to states:

* $43 billion for increased unemployment benefits
* $20 billion to increase the food stamp benefit
* $30 billion for highway construction
* $19 billion for clean water, flood control and environmental cleanup programs
* $4 billion for state and local anti-crime initiatives, including $3 billion for the Byrne Justice Assistance, which pays for programs to battle drug trafficking"

Full Story: House stimulus plan wins state praise


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