Extended Provisions from ARRA and New Stimulus
Who:
Various Agencies
Policy Area:
Fiscal Policy
Maximum Amount:
$409.76 billion
Amount Spent:
$252.09 billion
Deficit Impact:
$165.30 billion Several provisions from the 2009 stimulus bill -- the American Recovery and Reinvestment Act (ARRA) -- have been extended, expanded, and/or modified. And many more are being considered for extension.
Before the passage of the ARRA, CRFB warned that a number of provisions were in danger of being renewed or made permanent, even though they were enacted as temporary measures.
In this category, CRFB will track any extensions of existing stimulus measures, how much they cost, and to what extent they are offset to ensure deficit neutrality. So far, four notable stimulus measures have been extended and/or modified, including rules governing net carryback loss, the homebuyer tax credit, unemployment benefits, and increased Medicaid matching to states.
We will also track any new stimulus measures that have been passed. So far, these include the HIRE Act, the state aid bill, and the small business bill.
Source:
Multiple Sources.
Notes:
Maximum amount is the peak cumulative cost of a provision over the appropriate ten-year period. Deficit impact represents ten year costs, net of accompanying offsets.