Stimulus.org - Congress

Unemployment Insurance

Jason Peuquet — Fri, 07 Jan 2011 16:09:22 +0000

Date:

December 17, 2010

Who:

Congress

Policy Area:

Fiscal Policy

Action Type:

Direct Spending

Maximum Amount:

56510000000

Deficit Impact:

56510000000

The tax cut package included a 13-month extension for unemployment benefits for the long-term unemployed, keeping the maximum number of weeks an individual can continue receiving unemployment benefits at 99 weeks in areas of high unemployment.

Source:

CBO Cost Estimate

Notes:

Maximum amount and deficit impact represent the peak and net cost of this provision--which are the same--from 2011-2020.

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2010 Tax Cut

Jason Peuquet — Fri, 07 Jan 2011 15:58:23 +0000

Who:

Congress

Policy Area:

Fiscal Policy

Economic Target:

Consumers

Economic Target:

Other Business

Action Type:

Direct Spending

Action Type:

Tax Break

Maximum Amount:

937440000000

Deficit Impact:

857810000000

With the initial expiration of ther 2001/2003 tax cuts set for December 31, 2010, lawmakers acted to prevent the tax cuts from expiring. The 2001/2003 tax cuts were extended for all taxpayers for two years, beyond the President's initial proposal of extending them only for those earning under $200,000 ($250,000 for couples).

Included in the tax cut deal were several additional tax cuts and extensions: a 13-month extension in unemployment insurance, a temporary two percentage point cut in the Social Security payroll tax on the employee side (bringing the rate down from 6.2 to 4.2 percent), a two-year AMT patch, temporary full business expensing for new equipment, an extension of ARRA changes to refundable tax credits, and several other tax incentives.

The total deficit impact of the bill was estimated to be $858 over the coming decade, larger than the $821 billion stimulus package passed in early 2009.

Source:

CBO Cost Analysis of Tax Cut Package

Notes:

Maximum amount represents peak cost of provisions in the ten-year window. Deficit impact represents net impact of the bill from 2011-2020.

CRFB Commentary on Tax Cut Package

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Worker, Homeownership, and Business Assistance Act

Jason Peuquet — Wed, 27 Jan 2010 17:51:40 +0000

Date:

November 6, 2009

Who:

Congress

Policy Area:

Fiscal Policy

Economic Target:

Consumers

Economic Target:

Housing

Action Type:

Direct Spending

Action Type:

Tax Break

Maximum Amount:

48330000000

Amount Spent:

Deficit Impact:

-40000000

The Worker, Homeownership, and Business Assistance Act of 2009 passed in November 2009 included several extenders on provisions under the American Recovery and Reinvestment Act.

Source:

CBO: Worker, Homeownership, and Business Assistance Act of 2009

JCT: Worker, Homeownership, and Business Assistance Act of 2009

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Spending Provisions

Jason Peuquet — Tue, 03 Nov 2009 22:22:42 +0000

Who:

Congress

Policy Area:

Sector Policy (Non-Financial)

Economic Target:

Other Business

Action Type:

Direct Spending

Maximum Amount:

551000000000

Amount Spent:

477502000000

Deficit Impact:

556000000000

Provisions are part of the $787 billion "American Recovery and Reinvestment Act of 2009," a set of policies designed to mitigate the effects of the economic crisis. The act contains significant spending for direct worker assistance, infrastructure, healthcare, education, aid to states, and other areas.

Source:

CBO Analysis of Final Bill

Text of "American Recovery and Reinvestment Act of 2009"

Notes:

Positive numbers in table indicate spending, negative numbers indicate savings or revenue. Maximum amount is the peak cumulative cost of a provision over the period 2009-2019. Deficit impact is taken from CBO's deficit impact calculation for 2009-2019. Amount Spent as of 9/21/2012 (http://www.recovery.gov/?q=/content/agency-summary&agency_code=75).

In the January 2010 baseline, CBO estimated that the total cost of the bill would total $862 billion, after making several upward revisions (including $21 billion more for unemployment insurance, $34 billion more for food stamps, and $3 billion less for Medicaid state matching).

CBO's August 2010 Budget Update re-estimated the total of ARRA, putting the number at $814 billion.

CBO's January 2011 baseline upped the estimate of ARRA slightly to $821 billion.

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Other Spending Provisions

Maya MacGuineas — Fri, 10 Jul 2009 18:58:51 +0000

Stimulus 2009 - Other Spending Provisions

Date:

February 17, 2009

Who:

Congress

Policy Area:

Fiscal Policy

Economic Target:

Other

Action Type:

Direct Spending

Maximum Amount:

26000000000

Amount Spent:

9185000000

Deficit Impact:

26000000000

Other Spending (in millions of dollars)
Year	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2009-2019
National Science Foundation	342	1,266	794	349	162	63	12	0	0	0	0	2,988
Other (Financial Services and General Government)	220	662	339	67	19	0	0	0	0	0	0	1,307
Other (Commerce, Justice, Science and Related Agencies)	1,697	2,148	654	521	298	39	0	0	0	0	0	5,357
Legislative Branch	8	15	2	0	0	0	0	0	0	0	0	25
Other Provisions (Division B)	3,250	696	553	244	62	3	0	0	0	0	0	4,808
Other Housing Assistance	446	2,068	3,316	1,973	1,109	62	22	0	0	0	0	8,996
State and Local Law Enforcement Assistance	415	830	553	415	552	0	0	0	0	0	0	2,765
Totals	6,378	7,685	6,211	3,569	2,202	167	34	0	0	0	0	26,246

Source:

CBO Analysis of Final Bill

Text of "American Recovery and Reinvestment Act of 2009"

Notes:

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Education

Maya MacGuineas — Fri, 10 Jul 2009 18:24:22 +0000

Stimulus 2009 - Education

Date:

February 17, 2009

Who:

Congress

Policy Area:

Sector Policy (Non-Financial)

Economic Target:

Other

Action Type:

Direct Spending

Maximum Amount:

103000000000

Amount Spent:

97364000000

Deficit Impact:

103000000000

Education Spending (in millions of dollars)
Year	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2009-2019
Employment and Training	613	2,226	1,224	242	0	0	0	0	0	0	0	4,305
Education for the Disadvantaged	494	6,210	5,776	520	0	0	0	0	0	0	0	13,000
State Fiscal Stabilization	6,540	28,377	16,070	2,363	250	0	0	0	0	0	0	53,600
Special Education	732	5,734	5,124	610	0	0	0	0	0	0	0	12,200
Student Financial Assistance	917	14,572	1,056	15	0	0	0	0	0	0	0	16,560
Other Education	207	1,078	624	203	12	0	0	0	0	0	0	2,124
Other, Title VIII	540	324	283	237	155	4	4	2	0	0	0	1,549
Totals	10,043	58,521	30,157	4,190	417	4	4	2	0	0	0	103,338

Source:

CBO Analysis of Final Bill

Text of "American Recovery and Reinvestment Act of 2009"

Notes:

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Health Care Spending

Maya MacGuineas — Fri, 10 Jul 2009 18:22:53 +0000

Stimulus 2009 - Health Care Spending

Date:

February 17, 2009

Who:

Congress

Policy Area:

Sector Policy (Non-Financial)

Economic Target:

Other Business

Action Type:

Direct Spending

Maximum Amount:

146000000000

Amount Spent:

114416000000

Deficit Impact:

126000000000

Health Care Spending (in millions of dollars)
Year	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2009-2019
Medicaid Matches (State Fiscal Relief)*	33,881	43,923	11,847	3,885	-6	35	44	56	57	59	59	93,042
National Institutes of Health	855	3,286	3,703	1,505	249	118	27	0	0	0	0	9,743
National Coordinator for Health Information Technology	300	1,280	360	40	0	0	0	0	0	0	0	1,980
Other Department of Health and Human Services	2,173	3,009	2,358	1,612	593	65	0	0	0	0	0	9,810
Health Information Technology	417	178	4,741	6,469	6,463	14,231	3,848	-5,535	-4,980	-2,780	-2,233	20,819
Savings from Health Insurance Assistance	0	-52	-86	-93	-75	-46	-29	-10	-1	0	0	-392
Savings from Health Information Technology	0	0	-120	-250	-360	-410	-435	-435	-425	-415	-410	-3,260
Totals	37,626	51,624	22,803	9,371	6,864	13,993	3,455	-5,924	-5,349	-3,136	-2,584	125,742

Source:

CBO Analysis of Final Bill

Text of "American Recovery and Reinvestment Act of 2009"

Notes:

Positive numbers in table indicate spending, negative numbers indicate savings or revenue. Maximum amount is the peak cumulative cost of a provision over the period 2009-2019. Deficit impact is taken from CBO's deficit impact calculation for 2009-2019. Amount Spent as of 11/3/2012 (http://www.recovery.gov/?q=/content/agency-summary&agency_code=75).

*In the Budget and Economic Update in August 2009 (http://cbo.gov/ftpdocs/105xx/doc10521/08-25-BudgetUpdate.pdf), CBO estimated that an additional $2 billion would be made available for Medicaid matches, increasing the maximum amount for Health Care Spending. However, in the January 2010 baseline (http://www.cbo.gov/ftpdocs/108xx/doc10871/01-26-Outlook.pdf), CBO estimated that total Medicaid matching will be $3 billion lower.

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Infrastructure

Maya MacGuineas — Fri, 10 Jul 2009 18:21:14 +0000

Stimulus 2009 - Infrastructure

Date:

February 17, 2009

Who:

Congress

Policy Area:

Fiscal Policy

Economic Target:

Other Business

Action Type:

Direct Spending

Maximum Amount:

139000000000

Amount Spent:

133104000000

Deficit Impact:

139000000000

Infrastructure (in millions of dollars)
Year	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2009-2019
Distance Learning, Telemedicine, and Broadband Program	63	350	587	575	475	325	125	0	0	0	0	2,500
Broadband Technology Opportunities Program	84	756	860	1,250	1,210	390	150	0	0	0	0	4,700
Energy and Water Development	3,159	9,389	11,063	9,988	6,945	5,090	2,234	1,317	1,150	470	-30	50,775
Federal Buildings Fund	400	900	1,000	1,100	1,000	500	300	150	50	0	0	5,400
Clean Water and Drinking Water State Revolving Funds	180	1,380	1,800	1,240	600	320	120	68	36	42	0	5,786
Highway Construction	2,750	6,875	5,500	4,125	3,025	2,750	1,925	550	0	0	0	27,500
Other Transportation	2,232	2,511	3,285	2,910	3,027	2,672	1,987	1,051	400	320	160	20,555
Public Housing Capital Fund	80	1,200	1,200	800	640	40	40	0	0	0	0	4,000
Other Infrastructure Projects in Agriculture, Rural Development, Food and Drug Administration, and Related Agencies	816	1,623	736	421	172	138	34	0	0	0	0	3,940
Other Infrastructure Projects in Interior, Environment, and Related Agencies	988	2,118	897	531	183	9	9	9	9	6	0	4,759
Department of Defense	1,679	2,122	551	129	36	11	3	0	0	0	0	4,531
Homeland Security	506	591	857	457	230	93	10	0	0	0	0	2,744
Other Infrastructure Projects in Military Construction,Veterans Affairs, and Related Agencies	448	1,564	1,229	638	241	93	33	0	0	0	0	4,246
Other Infrastructure Projects in State, Foreign Operations and Related Programs	96	180	162	114	50	0	0	0	0	0	0	602
Totals	13,481	31,559	29,727	24,278	17,834	12,431	6,970	3,145	1,645	838	130	139,038*

Source:

CBO Analysis of Final Bill

Text of "American Recovery and Reinvestment Act of 2009"

Notes:

Positive numbers in table indicate spending, negative numbers indicate savings or revenue. Maximum amount is taken from CBO's calculation of budget authority over the 2009-2019 period. Deficit impact is taken from CBO's deficit impact calculation for 2009-2019. Amount spent as of 11/3/2012. Individual provisions may include some smaller specific measures not directly related to infrastructure spending, but these items do not significantly alter total figures.

*In CBO's January 2010 Budget and Economic Outlook, it revised its cost estimates for infrastructure down by $3 billion, bringing the total cost to $139 billion.

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Direct Assistance to Individuals

suggp — Fri, 10 Jul 2009 18:15:58 +0000

Stimulus 2009 - Direct Assistance to Individuals

Date:

February 17, 2009

Who:

Congress

Policy Area:

Fiscal Policy

Economic Target:

Consumers

Action Type:

Direct Spending

Maximum Amount:

134000000000

Amount Spent:

128563000000

Deficit Impact:

134000000000

Provisions are part of the $787 billion “American Recovery and Reinvestment Act of 2009,” a set of policies designed to mitigate the effects of the economic crisis. The act contains significant spending for direct worker assistance, infrastructure, healthcare, education, aid to states, and other areas, and tax breaks for individuals and corporations.

Direct Assistance to Individuals: Food Stamps, Unemployment, and Other Programs (in millions of dollars)
Year	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2009-2019
Food Stamps^	4,812	11,000	10,000	10,000	10,000	9,000	0	0	0	0	0	54,000
Unemployment Compensation*	27,000	31,000	470	295	140	135	140	145	150	155	160	60,000
Economic Recovery Payments, TANF, and Child Support	14,942	2,125	713	187	49	14	4	1	0	0	0	18,033
Assistance for Unemployed Workers and Struggling Families	44	261	186	263	225	139	81	-34	-65	-105	-115	879
Totals	46,796	44,386	11,369	10,745	10,855	9,288	225	112	85	50	45	133,956

Source:

CBO Analysis of Final Bill

Text of "American Recovery and Reinvestment Act of 2009"

Notes:

Deficit impact is CBO's estimate of deficit impact for 2009-2019. Amount spent as of 11/3/2012.

*In the Budget and Economic Update in August 2009 (http://cbo.gov/ftpdocs/105xx/doc10521/08-25-BudgetUpdate.pdf), CBO estimated that an additional $7 billion would be made available for unemployment compensation, increasing the maximum amount for Direct Assistance. In the January 2010 baseline (http://www.cbo.gov/ftpdocs/108xx/doc10871/01-26-Outlook.pdf), CBO estimated that an additional $21 billion would be made available for uemployment compensation.

^In the January 2010 baseline (http://www.cbo.gov/ftpdocs/108xx/doc10871/01-26-Outlook.pdf), CBO estimated that an additional $34 billion would be made available for food stamps, reflecting the lower projections of inflation in the economic outlook.

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