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American Recoveryand Reinvestment Act of 2009


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American Recoveryand Reinvestment Act of 2009

  1. 1. <ul><li>Delivers nearly $500 Billion into the national economy through a combination of direct spending and tax provisions for businesses and individuals. </li></ul>American Recovery and Reinvestment Act of 2009 Division B The ACT includes spending provisions, tax cuts and aid to laid-off workers and their families. According to the Congressional Budget Office (CBO) the bill will create between 1.2 and 3.6 million jobs by the end of 2010. However, the CBO also estimates an increase in the federal deficit of $787 billion and net decrease (0.3%) in GDP over the 2009-2019 period. Provides over $300 Billion to Federal and State agencies to augment programs resulting in job creation through the use of government contracts. Division A Division A $ 308.3 B Division B $ 478.8 B Total - $787.1 Billion over 10 years © 2008-2009 Vergys LLC. All Rights Reserved $185 $399 $134 74% expended by the end of 2010 91% expended by the end of 2011
  2. 2. American Recovery and Reinvestment Act of 2009 <ul><li>34% on tax cuts </li></ul><ul><li>15% on infrastructure </li></ul><ul><li>13% on education & training </li></ul><ul><li>5% on energy and energy infrastructure </li></ul>Division A $ 308.3 B Division B $ 478.8 B © 2008-2009 Vergys LLC. All Rights Reserved Tax Provisions. $288 B Assistance for Unemployed Workers and Struggling Families. $58 B Health Insurance. $25 B Health Information Technology. $18 B State Fiscal Relief. $90 B Highlights 1 Agriculture, Rural Development, Food & Drug Administration, and Related Agencies. $26 B Interior, Environment, and Other. $11 B Transportation, Housing, and Urban Development. $61 B State Fiscal Stabilization Fund. $54 B Commerce, Justice, Science and Other. $16 B Energy and Water Development. $51 B Financial Services. $7 B Other: Department of Defense $5B; Homeland Security $3B; Legislative Branch $0.03B; Military Construction and Veterans Affairs. $4B; State, Foreign Operations and Related Programs $0.6B Department of Labor, HHS, Education, and Related Agencies. $71 B 1 Highlights based on White House Press Summary 2.12.09 Other. $12 B
  3. 3. Disclaimer Statement. In preparation of these materials, every effort has been made to offer the most current, correct, and clearly expressed information possible. Nevertheless, inadvertent errors in information may occur. In particular but without limiting anything here, Vergys LLC disclaims any responsibility for typographical errors and accuracy of the information that may be contained in the presentation. Unless otherwise stated all of the information used was gathered from publicly available information (Congressional Budget Office & Strategy Operations Information Technology Enabling Breakthroughs