2009 Stimulus Bill

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Overview of Law

Helped jump start the economy and prevent a depression with a $787 billion stimulus package allocated 39% towards tax breaks primarily for the middle class and business, and 61% towards investments primarily in infrastructure, education, and health care.

2009 Stimulus Bill Benefits & Positives

DatePositive Result\BenefitRank
04/01/09Approximately 2.7 million jobs added to US payrolls and unemployment rate kept 1½ percentage points lower due to Stimulus spending
04/01/09Deeper recession or depression averted in 2009 and beyond with the help of stimulus bill provisions
02/17/09$48.1 billion in investments for highway, bridge, high-speed rail & other transportation projects
02/17/09$100 billion in education aid to prevent lay-offs, modernize schools, award Pell grants and help low income children & special education programs
02/17/09$155 billion in health care assistance for the poor & unemployed primarily for Medicaid, health information technology and insurance premium subsidies
02/17/09$70 billion in tax relief for middle class workers by patching the Alternative Minimum Tax for one year
02/17/09$82.2 billion in aid for low income workers, unemployed and retirees (including job training)
02/17/09Tax credit of $400 per worker ($800 per couple) for middle income workers for 2009 & 2010 totaling $116 billion
02/17/092010 real GDP increased by about 3.4% due to stimulus spending

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