Kind touts federal stimulus benefits
U.S. Rep. Ron Kind, D-LaCrosse, sent out this summary of the benefits for Wisconsin of the $789 million stimulus bill passed by the House today.
The Senate is set to vote on the bill later, and President Obama is expected to sign it on Monday.
According to Kind, the American Recovery and Reinvstment Act:
- Creates or saves 70,000 jobs in Wisconsin over the next two years.
- Provides a "Making Work Pay" tax cut of up to $800 for 2.2 million Wisconsin workers and their families, designed to start paying out immediately into workers' paychecks, as well as tax cuts for small businesses.
- Modernizes our infrastructure and creates jobs with an extra $716.4 million for infrastructure in Wisconsin, $529.1 million for roads and bridges alone.
- Modernizes schools and makes college more affordable with improved Pell Grants for the 91,532 Pell Grant recipients in Wisconsin and a higher education tax credit for 63,000 students in the state.
- Helps workers hurt by the economy, expanding unemployment and maintaining health care benefits for the 191,400 of Wisconsinites that are out of work right now.
- Saves the jobs of teachers, police officers, health care workers, and protects the vital services they provide through direct aid to the Wisconsin state government.
UPDATE: More information on the Recovery Act from the Center for American Progress, forwarded by Kind's office.
An interactive map showing state-by-state allocations, which reports that the total fiscal impact for Wisconsin.
A spreadsheet on the allocation of funds.
