Saturday, February 28, 2009

AP: Obama Seeks to Destroy Reagan's Vision

Without pulling punches or attempting to obfuscate the truth, the Associated Press Saturday said what conservatives and Republicans have been saying for the past two years about the new president: Barack Obama, with his new budget plan, seeks "to undo major elements of Ronald Reagan's conservative movement."
While tackling the economic crisis, [Obama] is asking Congress to enact contentious measures that have been debated, but not decided, in calmer times: combat global warming with a pollution tax on industries; cut subsidies for big farms; raise taxes on the wealthy; make big changes to health care, including lower reimbursements for Medicare and Medicaid treatments and prescription drugs.
AP said Obama is not simply proposing a budget with a jaw-dropping deficit of $1.75 trillion, a quadruple increase in one year. "He's trying to redirect strong currents in American society."

Many conservatives have warned that Obama says one thing while doing something altogether different.

Today, even the Associated Press sees that Obama, who attempts to paint himself as a new Reagan, is setting out to destroy Reagan's ideals and the conservative movement.

Read it.


Friday, February 27, 2009

Durbin Amendment: A Fairness Doctrine by Any Other Name is Still a Fairness Doctrine

In an essay published on the Web site, Seton Motley writes that yesterday by a whopping 87-11 vote, the Senate added as a rider to the passed DC voting rights bill the Broadcaster Freedom Act (BFA). The BFA, if also passed by the House and signed by the President, would kill once and for all the Censorship Doctrine -- also mis-known as the "Fairness" Doctrine.
Because another rider was added via a party-line 57-41 vote. Written by Illinois Democratic Senator Dick Durbin, S.160's Purpose is "To encourage and promote diversity in communication media ownership, and to ensure that the public airwaves are used in the public interest."

Hello, new "Fairness" Doctrine - the regulatory enforcement of "diversity" of radio station ownership, and localism as defined by the "public interest." Liberal censors are now travelling alternative routes to reach their original destination - silencing political speech on the airwaves.

One tremendous problem with this amendment, with the Censorship Doctrine itself and in fact with virtually every aspect of the Federal Communications Commission (FCC)'s broadcast licensing requirements is that they are all completely nebulous. President Barack Obama's FCC can interpret these regulations in any direction it wishes, which more than likely bodes poorly for free speech on the radio.

And the worst part of the Durbin Amendment is the possibility that Obama's FCC may now be empowered to prematurely pull the broadcast licenses of radio stations they deem as failing to meet these new "Fairness" Doctrine-esque guidelines. Several lawyers who do this for a living see this rider's wording as amorphous enough to allow for this interpretation.
This would be absolutely devastating to talk radio. Stations currently carrying Conservative and Christian talk would be perpetually under the FCC gun -- never knowing when the regulatory hammer would fall and crush their businesses. They would feel tremendous pressure to change formats so as to be able to stay on the air.

And no one would be able to justify the tremendous expense of getting into talk radio if their lifeline -- their broadcast license -- could be pulled capriciously at any time.
In the real world, the public interest is best served by what the public is interested in. Conservative and Christian talk radio survives and thrives because people listen, and Liberal talk fails because they don't.

But none of this matters in this brave new "diverse" world. Liberals never liked the free market with it's equality of opportunity. They have always preferred an equality of outcome - where shows that have listeners are forced to share the airwaves with those that don't.
The Durbin Amendment solves the Left's "Fairness" Doctrine dilemma. It gets them what they want -- radio free of Conservative and Christian talk -- without the political baggage of carrying the "Fairness" Doctrine name.

For them, a rose by any other name still smells as sweet if it serves to silence the opposition.

Read it.

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Life in the Obamanation: Economy Shrinks at Worst Pace in 25 Years

The Associated Press today reported that the economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession.
The Commerce Department report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated by the government last month. It also was considerably weaker than the 5.4 percent annualized decline economists expected.
Read it.

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Thursday, February 26, 2009

After Successfully Trash-Talking US Economy into Crisis, Democrats Target Other Nations

Argentina on Thursday blasted Obama's new head of the U.S. Central Intelligence Agency for saying the country, along with Ecuador and Venezuela, could be pushed into instability by the global economic crisis, according to a Reuters report.
Lumping Argentina together with Ecuador and Venezuela, both led by leftist anti-Washington firebrands, raises concern in this country, where center-left President Cristina Kirchner is trying to keep the economy from stagnating.

Foreign Minister Jorge Taiana called the comments made on Wednesday by CIA Director Leon Panetta "unfounded and irresponsible, especially from an agency that has a sad history of meddling in the affairs of countries in the region."
Read it.

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Zogby: Only 27% Believe They Will Benefit from Stimulus

Just 27% of likely voters are optimistic the recently passed federal economic stimulus bill will personally benefit them or their family, a new Zogby Interactive poll shows.

The survey finds likely voters favor proposals from Democrats over those from Republicans, but 23% have little confidence in ideas from either party.

More than half - 56% - are doubtful the stimulus package will personally help them, and another 17% are unsure.

Read it.

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Obama's 2% Delusion

Take everything they earn, and it still won't be enough.

President Obama has laid out the most ambitious and expensive domestic agenda since LBJ, and now all he has to do is figure out how to pay for it, the editors of the Wall Street Journal noted today.
On Tuesday, [Obama] left the impression that we need merely end "tax breaks for the wealthiest 2% of Americans," and he promised that households earning less than $250,000 won't see their taxes increased by "one single dime."
This is going to be some trick, the Wall Street Journal said.
Even the most basic inspection of the IRS income tax statistics shows that raising taxes on the salaries, dividends and capital gains of those making more than $250,000 can't possibly raise enough revenue to fund Mr. Obama's new spending ambitions.
Consider the IRS data for 2006, the most recent year that such tax data are available and a good year for the economy and "the wealthiest 2%." Roughly 3.8 million filers had adjusted gross incomes above $200,000 in 2006. (That's about 7% of all returns; the data aren't broken down at the $250,000 point.) These people paid about $522 billion in income taxes, or roughly 62% of all federal individual income receipts. The richest 1% -- about 1.65 million filers making above $388,806 -- paid some $408 billion, or 39.9% of all income tax revenues, while earning about 22% of all reported U.S. income.
Mr. Obama is of course counting on an economic recovery. And he's also assuming along with the new liberal economic consensus that taxes don't matter to growth or job creation. The truth, though, is that they do. Small- and medium-sized businesses are the nation's primary employers, and lower individual tax rates have induced thousands of them to shift from filing under the corporate tax system to the individual system, often as limited liability companies or Subchapter S corporations. The Tax Foundation calculates that merely restoring the higher, Clinton-era tax rates on the top two brackets would hit 45% to 55% of small-business income, depending on how inclusively "small business" is defined. These owners will find a way to declare less taxable income.
The Journal concludes by saying the bottom line is that Obama is selling the country on a 2% illusion. Unwinding the U.S. commitment in Iraq and allowing the Bush tax cuts to expire can't possibly pay for his agenda.

Taxes on the not-so-rich will need to rise as well.

Read it.

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Wednesday, February 25, 2009

Obama Speech Depresses Wall Street

Stocks fell Wednesday on disappointment that Obama still seemed clueless about how his administration would shore up the economy in a major speech before Congress.

By 10 AM, the Dow had dropped almost 150 points to 7200.

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AP: Obama's Words Ring Hollow

In the most objective sense, much of the political reporting published by the Associated Press has been biased to favor the left. It comes as some surprise then that AP has become increasingly tough on Obama, sometimes even calling out his less than honest statements. Perhaps they feel Obama isn't living up to the campaign hype? If only they had done this before the election....

In today's fact check report, AP asserts that Obama's housing plan assurances ring hollow and that the president skipped over several complex economic circumstances in his speech to Congress

Read it.

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Tuesday, February 24, 2009

Obama Disapproval Grows to 25%

Gallup: Obama Job Approval

Obama's disapproval rating has grown to 25 percent while his approval rating has dropped to 59 percent.

16 percent now say they are undecided about Obama's performance.

77 percent are dissatisfied with the state of the nation.

In the final analysis, this makes Obama less popular than Bush after the first month in office.

Almost exactly eight years ago, then newly-elected President Bush's numbers were 62 percent approving his performance, 21 percent disapproving, and 17 percent having no opinion.

Read it.

Obama Job Approval Dips Below 60% for First Time

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Monday, February 23, 2009

Getting to $787 Billion: H.R. 1, The American Recovery & Reinvestment Act of 2009

Sorry about the foul formatting here. The content is just too rich to pass up because the table size is larger than the post window.

Keep in mind that the figures in the third and fourth columns are in millions of dollars.

CategoryDescriptionCost ($ millions)Total (Funds appropriated)Estimated outlays (Congressional Budget Office estimates of actual cost of programs)
FarmingRepairs, security improvements and rental payments at Department of Agriculture$24

FarmingRepairs and security improvements at Agricultural Research Service$176

FarmingSalaries for staff to modernize IT system at Farm Service Agency$50

FarmingFunding for watershed and flood prevention projects$290

FarmingFunding for watershed rehabilitation$50

FarmingLoans to rural homeowners$200

FarmingGuaranteed loans for rural community facility building$130

FarmingGuaranteed loans for rural businesses$150

FarmingGrants for rural waste and waste disposal$1,380

FarmingBroadband grants to rural communities$2,500

FarmingOversight of Department of Agriculture spending$25.5

FoodExtra money for women, infants and children (WIC) special nutrition program$500

FoodExtra commodities for food banks$150

FoodAdult and child day care meals and snacks$100

FoodCrop insurance reinstatement for farmers who failed to keep up with payments, emergency loans and grants to farmers$749

Food13% increase in food stamp payments$19,991

Farming & Food

CommerceUrban industrial core and rural economic recovery programs$150

CommerceExtra money for Census$1,000

CommerceSalaries and expenses for program to create broadband inventory map of the country$350

CommerceGrants to provide wireless and broadband infrastructure to communities, including public computer centers and sustainable adoption of broadband service$4,350

CommerceCoupons, education and consumer support for digital to analogue converter box program$650

CommerceOversight of Commerce Department spending$6

ScienceNational Institute of Standards and Technology research, including research into technology with high-growth potential and program giving technology to small and mid-size manufacturers$220

ScienceNIST facilities construction and maintenance backlog$360

ScienceExtra money for National Oceanic and Atmospheric Administration facilities and research$230

ScienceExtra money for NOAA satellite development including climate data sensors and modeling$600

ScienceGrants to state and local law enforcement$2,225

JusticeGrants to rural law enforcement$125

JusticeGrants to law enforcement on southwest border$40

JusticeGrants for victims compensation programs$100

JusticeGrants for tribal law enforcement$225

JusticeGrants for state and local law enforcement to pursue Internet sex offenders$50

JusticeGrants to state and local law enforcement to hire extra police officers$1,000

JusticeGrants for violence against women prevention and prosecution programs$225

JusticeCosts of administering extra grant money$10

ScienceNASA shuttle construction$400

ScienceNASA climate research$400

ScienceNASA aeronautics research$150

ScienceNASA rebuilding of facilities damaged in 2008 floods$50

ScienceNASA spending oversight$2

ScienceNational Science Foundation research$2,500

ScienceConstruction of new research equipment and facilities for NSF$400

ScienceNSF education activities$100

ScienceNSF spending oversight$2

Commerce, Science & Justice

DefenseRestoration and modernization of Defense facilities in U.S. and territories$3,840

DefenseResearch and development of renewable energy generation for military$300

DefenseImprovements and reparations to military medical facilities in U.S. and territories$400

DefenseDepartment of Defense spending oversight$15


EnvironmentFlood control and water management construction, regulation and investigations$4,125

EnvironmentMississippi River and tributary construction$375

EnvironmentClean-up of 'brownfield' former industrial sites$100

EnvironmentWater reclamation and reuse projects$1,000

EnergyHome weatherization grants to low and middle-income families$5,000

EnergyFunding for Energy Star program offering tax credits to consumers purchasing new, efficient appliances$300

EnergyAdvanced batteries manufacturing grants$2,000

EnergyEnergy efficiency grants to states and local governments$6,300

EnergyTransport electrification grants$400

EnergyFunding for states and local governments to buy efficient alternative fuel buses and trucks$300

EnergyResearch and development of renewable and efficient energy technology$2,500

EnergyLoan guarantees for standard renewables$4,000

EnergyTransmission loan guarantees$2,000

EnergyFossil energy research and development$1,000

EnergyResearch into low-emission coal plants$800

EnergyGrants for industrial carbon capture and energy efficiency improvement projects$1,520

EnergyGrants for identifying sites to store carbon dioxide emissions$50

EnergyGrants for training and research on safe storage of carbon emission\$20

EnergyAdministration of funding program$10

EnergyPhysics research including high-energy physics, nuclear physics and fusion energy sciences$1,600

EnergyHigh-risk research into energy sources and energy efficiency$400

EnergyCleanup of former nuclear sites$483

EnergyUranium enrichment decontamination and decommissioning$390

EnergyCleanup of former nuclear defense sites$5,127

EnergyMoney for federal power marketing administrations in electric power transmission systems$6,500

EnergyConstruction and repairs for federal marketing administration$10

EnergyModernization of the electric grid$4,400

EnergyTraining of electric grid workers$100

EnergyOversight of Energy Department spending$15

Environment & Energy

GovernmentOversight of 'making work pay tax credit' and economic recovery payments$7

GovernmentTreasury grants to community financial services and economic development groups$100

GovernmentConstruction, repair and energy alterations to federal buildings and facilities$5,550

GovernmentPurchase of fuel efficient vehicles for federal fleet$300

GovernmentOversight of General Services Administration spending$7

GovernmentCosts to Internal Revenue Service of providing health coverage help to workers laid off because of outsourcing overseas$80

GovernmentFunding for Recovery and Accountability Transparency Board$84

GovernmentSmall Business Administration loans to businesses$651

GovernmentExtra money for SBA administration of loans$69

GovernmentOversight of SBA spending$10


Homeland SecurityFunding for departmental site security, IT infrastructure, furniture, fixtures and other costs for HQ$200

Homeland SecurityOversight of Homeland Security spending$5

Homeland SecurityConstruction, repairs and equipment for ports of entry to the U.S.$420

Homeland SecurityPurchase and deployment of non-intrusive inspection systems for Customs and Border Protection$100

Homeland SecurityTactical communications equipment for Customs and Border Protection$60

Homeland SecurityBorder security fencing and technology$100

Homeland SecurityImmigrations and Customs Enforcement information-sharing technology$20

Homeland SecurityExplosive detection systems for airports$1,000

Homeland SecurityFunding for Coast Guard acquisitions and construction, which cannot be used for pre-acquisition surveys or construction of a new polar icebreaker$98

Homeland SecurityRepairing and removing bridges hazardous to marine navigation$142

Homeland SecurityGrants for security upgrades to mass transit$150

Homeland SecurityGrants for security upgrades to ports$150

Homeland SecurityCompetitive grants to upgrade state and local fire stations$210

Homeland SecurityExtra emergency food and shelter funding for homeless$100

Homeland Security

OutdoorsDeferred maintenance on federal lands$125

OutdoorsPriority road, bridge and trail repairs$180

OutdoorsWildland fire management$15

OutdoorsWildlife refuge and fish hatchery construction, deferred maintenance, road maintenance and energy efficient visitors centers$280

OutdoorsNational Park Service deferred maintenance$735

OutdoorsPreservation grants for historically black colleges and universities$15

OutdoorsRepairing facilities and equipment for USGS' seismic, volcano, monitoring and stream gages$140

OutdoorsRepair of schools, detention centers, roads, bridges, housing, irrigation and dams on Indian reservations$490

OutdoorsIndian guaranteed loans$10

OutdoorsInterior spending oversight$15

OutdoorsCleanup of hazardous and toxic waste sites$600

OutdoorsCleanup of petroleum leaks from underground storage tanks$200

OutdoorsLoans for communities to upgrade wastewater treatment systems and drinking water infrastructure$6,400

OutdoorsEnvironmental Protection Agency spending oversight$20

OutdoorsRenovation of forest roads, bridges and trails, remediation of abandoned mines, removal of barriers to fish and other critical habitat$650

OutdoorsFire hazard reduction on federal and state lands$500

Indian reservationsIndian Health Facilities construction, maintenance and equipment$347

Indian reservationsIndian Health Facilities sanitation construction$68
Indian reservationsIndian Health Services IT development and deployment$85

ArtsSmithsonian Institution $25

ArtsGrants to fund arts projects in non-profit sector$50

Outdoors, Indian reservations, Arts

LaborGrants to states for adult employment and training activities$500

LaborGrants to states for youth training, including summer jobs$1,200

LaborGrants to states for dislocated worker employment and training activities$1,250

LaborGrants to states with highest unemployment numbers for employment and training$200

LaborFunds to national reserve assistance for dislocated workers$750

LaborTraining high-risk youth in construction job skills$50

LaborCommunity service program for low-income over-55s$120

LaborFunding for states' unemployment insurance and employment service agencies$400

LaborExtra funds for department to manage enforcement of labor laws$80

LaborOffice of Job Corps construction and modernization of residential facilities for at-risk youth$250

LaborDepartment of Labor spending oversight$6

Health and servicesRenovation and health IT purchases for community health centers$2,000

Health and servicesTraining of nurses, primary care physicians, dentists to practice in underserved communities in the National Health Service Corps$500

Health and servicesNational Institutes of Health biomedical research$9,500

Health and servicesNIH buildings and facilities repairs and renovations$500

Health and servicesFunding for research comparing effectiveness of treatments funded by Medicare, Medicaid and SCHIP$1,100

Health and servicesGrants to states for childcare services for low-income working parents$2,000

Health and services"Head Start" programs for low-income preschoolers$1,000

Health and services"Early Head Start" programs for low-income infants$1,100

Health and servicesGrants for community employment, food, housing and healthcare projects$1,000

Health and servicesGrants to faith-based and community organizations$50

Health and servicesGrants for elderly nutrition services including Meals on Wheels$100

Health and servicesExtra money for Office of the National Coordinator for Health Information Technology$2,000

Health and servicesFunding for community preventative health campaigns, vaccination programs, healthcare-associated infection reduction strategies$1,000

Health and servicesFunding to improve IT security at the Department of Health and Human Services$50

Health and servicesOversight of Department of Health and Human Services spending$17

EducationFunding for 'Title I' education programs for disadvantaged children.$13,000

EducationConstruction funding for school districts without a local property-tax base.$100

EducationFunding for school computer and science laboratories and technology training for teachers.$650

EducationFunding for services to homeless children including meals and transportation.$70

EducationGrants for states to address teacher shortages$200

EducationGrants for special education programs$12,200

EducationGrants to states for vocational rehabilitation for disabled people$540

EducationGrants to states for independent living centers and services for elderly blind people$140

EducationIncrease in Pell Grant to $5,350 in 2009 and to $5,550 in 2010, and other increases to student aid$17,114

EducationMoney to increase size of colleges' student aid funds$60

EducationMoney for colleges' work-study programs$200

EducationGrants for teacher training and professional development$100

EducationFunding for grants for states to create systems tracking individual student data$250

EducationDepartment of Education spending oversight$14

VolunteeringExtra money for AmeriCorps volunteer programs$160

VolunteeringExtra money for National Service Trust volunteer programs$40

VolunteeringCorporation for National and Community Service spending oversight$1

Social SecurityConstruction of new National Computer Center for Social Security Administration$500

Social SecurityExtra money for Social Security Administration to process disability and retirement claim backlogs$500

Social SecurityOversight of SSA spending$2

Labor, Health, Education, Volunteering & Social Security

OversightOversight of economic recovery package$25


MilitaryArmy child development centers$80

MilitaryArmy "warrior transition complexes"$100

MilitaryNavy and Marine Corps troop housing$100

MilitaryNavy and Marine Corps child development centers$80

MilitaryNavy and Marine Corps energy conservation and alternative energy projects$100

MilitaryAir Force troop housing$100

MilitaryAir Force child development centers$80

MilitaryDefense hospital construction$1,330

MilitaryDefense energy conservation investments$120

MilitaryArmy National Guard construction$50

MilitaryAir National Guard construction$50

MilitaryArmy family housing construction and repairs$38.439

MilitaryAir Force family housing construction$96.561

MilitaryPrograms for military homeowners facing mortgage problems$555

VeteransImprovements to Veterans Affairs benefits administration, IT and claims processing$200

VeteransRenovations and energy efficiency improvements to veterans medical facilities$1,000

VeteransGrants for construction of state extended care facilities for veterans$150

VeteransNational Cemetery renovations and repairs$50

VeteransOversight of VA and military spending$1

Military & Veterans

StatePassport and training funding for State Department$90

StateCreation of information management backup facility for State Department, funding for participation in cybersecurity program$290

StateState Department spending oversight$2.0

StateRepair and rehabilitation of flood control levees on Rio Grande, with remainder of money for IT investments at U.S. Agency for International Development$220


TransportationGrants for airport improvements$1,100

TransportationUpgrades to Federal Aviation Administration power systems, air traffic control centers and towers and airport lighting, navigation and landing equipment$200

TransportationGrants for highway improvements$29,000

TransportationGrants to Amtrak$1,300

TransportationGrants for capital investments in designated high-speed rail corridors$8,000

TransportationPublic transit improvements and infrastructure investments$8,400

TransportationGrants for investments and improvements to small domestic shipyards$100

TransportationDepartment of Transportation spending oversight$20

HousingRepairs and modernization of public housing projects$4,000

HousingGrants to rehabilitate and improve energy efficiency on Native American housing programs$510

HousingGrants for community and economic development projects$1,000

HousingGrants for short-term help with rent and housing relocation for homeless families$1,500

HousingEnergy efficiency retrogrades to low-income housing, including new insulation, windows and furnaces$2,250

HousingFunds for communities to buy and rehabilitate foreclosed and vacant properties$2,000

HousingFunds for building and rehabilitating low-income housing using green technology$2,250

HousingGrants for removing lead-based paint in low-income housing$100

HousingDepartment of Housing and Urban Development spending oversight$15

HousingIncrease in government-sponsored mortgage provider conforming loan limits $50

Transportation & Housing

AidAid to states to balance education budgets, prevent cutbacks and modernize schools$40,600

AidAid to states in form of bonus grants for meeting key performance measures in education$5,000

AidAid to states for public safety and critical services$8,000


AidTax breaks for low-income housing investors$143



Individual tax cuts$400 payroll tax credit for workers earning up to $75,000; married couples filing jointly get $800 for income up to $150,000$116,199

Individual tax cutsIncrease in earned income tax credit for working families with more than three children$4,663

Individual tax cutsIncreased eligibility for refundable child tax credit, with all income over $3000 qualifying$14,830

Individual tax cutsTax credit of up to $2500 for tuition and college expenses$13,907

Individual tax cutsComputers and computer technology will qualify for inclusion in tax-advantaged savings plans$6

Individual tax cutsA tax credit for first-time homebuyers increases from $7500 to $8000, and will not have to be repaid$6,638

Individual tax cutsTaxpayers earning less than $125,000 can deduct sales and excise taxes paid on new cars$1,684

Individual tax cuts$2400 of unemployment benefits will not be subject to federal income tax$4,740

Individual tax cutsMiddle-income taxpayers get an exemption from the alternative minimum tax of $46,700 for an individual and $70,950 for a married couple$69,759

Individual tax cuts

Business tax cutsBusinesses will be able to more quickly deduct the cost of investments in plant and equipment from their taxable income$5,074

Business tax cutsBusinesses will be allowed to recover alternative minimum tax and research and development credits faster$805

Business tax cutsSmall businesses will be allowed to write-off up to $250,000 of capital expenditures in the year of acquisition$41

Business tax cutsUnprofitable small businesses with annual receipts of less than $15 million can recoup taxes paid in the past five years, up from two$947

Business tax cutsCompanies will be allowed to defer taxes for five years on several transactions aimed at restructuring balance sheets, and repay the taxes over the following five years$1,622

Business tax cutsBusinesses will be able to claim a tax credit for 40% of the first $6000 of wages paid to unemployed veterans or 16-25-year-olds hired$231

Business tax cutsSmall businesses will be able to exclude 75% of the gain from the sale of some stock held more than five years$829

Business tax cutsTaxable corporations converting into S corporations will have a 7-year holding period for assets subject to built-in gains tax, from 10 years$415

Business tax cutsRestoring tougher rules on taxpayers claiming losses incurred by a company before they bought it is projected to raise money-$6,977

Business tax cutsSome companies restructuring may not be subject to those tougher rules$3,163

Business tax cuts

Manufacturing tax cutsManufacturing facilities producing "intangible property" such as patents can qualify for industrial development bonds$203

Manufacturing tax cutsFacilities making advanced energy property may be able to claim a new 30% investment tax credit$1,647

Manufacturing tax cuts

Economy tax cuts$10 billion "new markets tax credits" will be available for 2008 and 2009$815

Economy tax cuts$25 billion of bonds for investment in economic recovery zones will be created$5,371

Economy tax cutsTribal governments will have fewer requirements on their ability to issue tax-exempt bonds$315

Economy tax cuts

Infrastructure tax cutsHigh-speed rail facilities for trains capable of going at 150 miles per hour will qualify for facility bonds$288

Infrastructure tax cutsRules affecting state and local government bonds will be changed to improve marketability$3,789

Infrastructure tax cutsA 3% withholding on payments to government contractors will be delayed for one year$291

Infrastructure tax cuts$22 billion in new tax credit bonds for construction or repair of public schools$9,877

Infrastructure tax cuts$2.8 billion of bonds for schools working with businesses $1,045

Infrastructure tax cuts35% credit to bondholders for infrastructure bonds, 35% refundable credit to issuers of bonds$4,348

Infrastructure tax cuts

Energy tax cutsExtending by three years the placed-in-service date for renewable energy investments$13,143

Energy tax cutsInvestment credits in lieu of production credits for renewable energy purchases$285

Energy tax cutsRemoval of cap on tax credits for purchase of small wind systems$604

Energy tax cuts$1.6 billion extra allocation of clean energy bonds$578

Energy tax cuts$2.4 billion extra qualified energy conservation bonds$803

Energy tax cuts30% cap on tax credit for energy efficiency purchases by homeowners, up to $1500 per residence$2,034

Energy tax cutsCredit for purchase of residential solar, geothermal, wind and fuel cells$268

Energy tax cuts50% tax credit for purchase of alternative refueling stations$54

Energy tax cutsTax credit for plug-in electric vehicle conversion$2,002

Energy tax cutsEqualization of parking and transit tax-free employer benefits at $230 for 2009$192

Energy tax cuts

Energy tax cutsGrants to states for low-income housing projects in lieu of credits$5

Grants to states for energy projects in lieu of credits$69

Other tax cutsCustoms and Border Protection will not demand that U.S. lumber, steel and other companies repay money they were given from Canadian and Mexican import duties$90

Energy & Other tax cuts

Individual aidOne-time payment of $250 for retirees, disabled people, SSI recipients, railroad retirees and disabled veterans$14,225

Individual aidOne-time refundable tax credit of $250 for some government retirees not eligible for social security benefits$218

Individual aid


Individual aidTwo-year extension of program providing income support and training benefits for workers who lose their jobs because of outsourcing overseas$1,600

Individual aidExtension of jobless benefits for up to 33 weeks$26,960

Individual aidIncrease in weekly unemployment benefits by $25$8,800

Individual aidGrants for states modernizing unemployment compensation coverage among low-wage, part-time and other workers$2,975

Individual aidWaiver on interest payments and accrual in interest on loans held by state unemployment trust funds$1,100

Individual aidExtension of unemployment compensation by 13 weeks for railroad workers$21

Individual aidAid to states to administer extended benefits$138

Individual aidAid to states for temporary assistance to needy families payments (TANF)$2,418

Individual aidExtra aid to states with high population group or increased poverty for TANF payments$319

Individual aidExtra funding for child support enforcement$1,000

Individual aidCosts of providing health coverage help to workers laid off because of outsourcing overseas$457

Individual aid

Individual aid65% subsidy for laid-off workers to continue paying premiums for former employer's health plan for nine months$24,749

Individual aid

Health careIncentive payments to hospitals and physicians who computerize medical-records systems$17,559

Health care

Health careFederal aid to states for Medicaid spending$90,044

Health care




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