Here's how you are going to be stimulated

THE STIMULUS PLAN
Where the Money Goes – Selected programs from the $789.2 billion bill
(Friday, Februay 13, 2009, Wall Street Journal)

Spending (24%)

$30 billion
Modernization of the electric grid, advanced battery manufacturing, energy efficiency grants

$19 billion
Payments to hospitals and physicians who computerize medical-records systems

$8.5 billion
National Institutes of Health biomedical research into diseases such as Alzheimer’s, Parkinson’s, cancer and heart disease

$5 billion
Home weatherization grants to low and middle-income families

$6.3 billion
Energy efficiency upgrades to federally-supported and public housing, including new insulation, windows and frames

$29 billion
Road and bridge infrastructure construction and modernization

$8.4 billion
Public transit improvements and infrastructure investments

$8 billion
High-speed rail investments

$18 billion
Grants and loans for water infrastructure, flood prevention and environmental cleanup

Tax Cuts (38%)

$6.6 billion
Tax credit for first-time homeowners buying between April 2008 and June 2009 is raised from $7.500 to $8,000, and will not have to be repaid

$116.2 billion
Workers earning less than $75,000 will get a payroll tax credit of up to $400; married couples filing jointly for less than $150,000 get up to $800

$69.8 billion
Middle-income taxpayers get an exemption from the alternative minimum tax of $46,700 for an individual and $70,950 for a married male

$5.1 billion
Businesses can more quickly deduct the cost of investments in plant and equipment from taxable income

Aid (38%)

$40.6 billion
Aid to local school districts to balance education budgets, prevent cutbacks and modernize schools

$87 billion
Temporary increase in federal funding for Medicaid to states

$2 billion
Funds for communities to buy and rehabilitate foreclosed and vacant properties

$8 billion
Aid to states for public safety and critical services

$14 billion
Education tax credit: Partially refundable $2,500 credit for tuition and books expenses

$17.2 billion
Increase in student aid, including raising maximum Pell Grant to $5,350 in 2009 and to $5,550 in 2010

$200 million
Extra grants for colleges’ work-study programs

$27 billion
Jobless benefits extended to a total of 20 weeks on top of regular unemployment compensation, and 33 weeks in 29 states with high unemployment