The Winners and Losers are:

InTheBum

Well-known member
Dec 31, 2004
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WASHINGTON (CNN) -- Here is a breakdown of who gained, who lost and who survived in the final economic stimulus bill that the House and Senate are expected to vote on Friday:


Amtrak gaines funding in the compromise version of the economic stimulus bill.

Winners


High-speed and inner-city rail: Went from $300 million in House bill to $2.25 billion in Senate to $8 billion in final version. There also is a $6.9 billion provision for public transit.


Amtrak: Picked up $500 million from both House and Senate versions to total $1.3 billion. The bill stipulates that no more than 60 percent can go to the Northeast Corridor.


National Institutes of Health: Ends up with $10 billion in the final bill. The House proposed $3.5 billion and the Senate wanted $10 billion -- $8.2 billion goes to the NIH director for his discretion.


Government oversight: Board to oversee stimulus bill spending will get $84 million to do the job. House bill allocated $14 million while the Senate bill called for $7 million. There is also more than $100 million more for various inspectors general in different agencies.


NASA: Banked just more than $2 billion, including $400,000 for science/global-warming research. Watch congressional comments on the stimulus bill »


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Losers


Veterans: Nearly all items for Veterans Affairs were reduced and the $2 billion the Senate wanted for VA construction was wiped out altogether. The VA did get one thing: $1 billion for medical facilities renovation and retooling.


Military construction: Cut and put into a general pot, a change from targeted money for each branch of the services. Army construction alone went from $600 million in the Senate and $900 million in the House to $180 million in the final bill. But negotiators compromised over a general military construction fund -- the House wanted $3.75 billion while the Senate allocated $118 million and settled on $1.45 billion for all services.


FBI: Senate had allocated $475 million but all was cut out of final bill.

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Survivors


Pandemic flu research: Although senators agreed it wouldn't produce jobs, it's getting $50 million in the final bill, down from nearly $900 million. Watch the latest on the stimulus bill »

Damage control


Foreclosures: $2 billion is set for a neighborhood stabilization program that helps areas plagued with foreclosures by buying back properties and preventing blight.


Homeless: $1.5 billion is directed to homelessness prevention.


Passports: $90 million is going to the State Department to deal with domestic facilities that deal with passports and training.


Social Security: $500 million goes to replace its 30-year-old computer system.

Tax breaks


Car buyers: Anyone who buys a new car in 2009 gets to deduct the sales tax. To qualify, buyer must make less than $125,000 individually or $250,000 jointly. Cost is $1.7 billion.


Homebuyers: First-time homebuyers who purchase this calendar year get an $8,000 tax credit which does not have to be repaid like a similar measure last year. This phases out for people making more than $75,000 individually or $150,000 jointly. "First-time homebuyer" is defined as someone who has not owned a home for the past three years. Cost: $6.63 billion.

Paying for college


Pell grants: will increase to a maximum of $5,350 per student in 2009-2010 year thanks to two provisions in the stimulus.


Tax credits: Individuals making less than $80,000 or families making less than $160,000 can get up to $2,500 in tax credits for college tuition. 40 percent ($1,000) of the credit is refundable. Cost: $13.9 billion over 10 years.
 

maroonedsailor

lookin for a liveaboard
Jun 10, 2007
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The winners are....

Them
The losers are ....US

This stimulus package is the largest, most baldfaced tax grab ever. The only stimulus that will ever work is jobs that pay good wages providing services/products to the other 6 billion people on the planet that they can't provide for themselves at a lower cost. I submit that this is a very short list of items yet to be invented.
 

felix29

Member
Mar 26, 2004
150
11
18
Them
The losers are ....US

This stimulus package is the largest, most baldfaced tax grab ever. The only stimulus that will ever work is jobs that pay good wages providing services/products to the other 6 billion people on the planet that they can't provide for themselves at a lower cost. I submit that this is a very short list of items yet to be invented.
Except for the fact taxes are not being increased in this stimulus bill you would be correct
 

maroonedsailor

lookin for a liveaboard
Jun 10, 2007
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yeahbut

Except for the fact taxes are not being increased in this stimulus bill you would be correct
It's taxes that will pay for all of this isn't it?????? or are we just printing money instead of selling bonds and Tbills??????
 

maroonedsailor

lookin for a liveaboard
Jun 10, 2007
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5
0
Actually, I'm hoping we're just printing money because that will mean the country will be awash in fake $ which will drive the US$ into the dirt which will double wages while mortgage payments on current obligations will stay the same. It's a great way for all of us (especially the gov't)to pay our debts with worthless money. it's not the first time this has happened since we dropped the gold standard.
 

felix29

Member
Mar 26, 2004
150
11
18
Actually, I'm hoping we're just printing money because that will mean the country will be awash in fake $ which will drive the US$ into the dirt which will double wages while mortgage payments on current obligations will stay the same. It's a great way for all of us (especially the gov't)to pay our debts with worthless money. it's not the first time this has happened since we dropped the gold standard.
Other then causing high inflation, it is the perfect plan


It has worked wonders for Turkey in the past, Mexico, Italy, why just look at the wonders it has done in Zimbabwe(sp) recently
 
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