Recovery.gov:
"Recovery.gov is the U.S. government’s official website providing easy access to data
related to Recovery Act spending and allows for the reporting of potential fraud, waste, and abuse."
On February 13, 2009, Congress passed the American Recovery and Reinvestment Act of 2009. Four days later, the President signed the legislation into law. The Recovery Act’s three main goals are to:
Create and save jobs
Spur economic activity and invest in long-term economic growth
Foster unprecedented levels of accountability and transparency in government spending
This $787 billion Recovery plan includes federal tax cuts and incentives, an expansion of unemployment benefits, and other spending on social entitlement programs. In addition, federal agencies are using Recovery funds to award contracts, grants, and loans around the country.
The Recovery Act’s longer-term economic investment goals include:
Initiating a process to computerize health records to reduce medical errors and save on health care costs
Investing in the domestic renewable energy industry
Weatherizing 75 percent of federal buildings and more than one million homes
Increasing college affordability for seven million students by funding the shortfall in Pell Grants, raising the maximum grant level by $500, and providing a higher education tax cut to nearly four million students
Cutting taxes for 129 million working households by providing an $800 Making Work Pay tax credit
Expanding the Child Tax Credit
The Recovery Act was intended to jumpstart the economy but many of the projects funded by Recovery money, especially those involving infrastructure improvements, are expected to contribute to economic growth for many years.
To view the full bill, click here.
"Recovery.gov is the U.S. government’s official website providing easy access to data
related to Recovery Act spending and allows for the reporting of potential fraud, waste, and abuse."
On February 13, 2009, Congress passed the American Recovery and Reinvestment Act of 2009. Four days later, the President signed the legislation into law. The Recovery Act’s three main goals are to:
Create and save jobs
Spur economic activity and invest in long-term economic growth
Foster unprecedented levels of accountability and transparency in government spending
This $787 billion Recovery plan includes federal tax cuts and incentives, an expansion of unemployment benefits, and other spending on social entitlement programs. In addition, federal agencies are using Recovery funds to award contracts, grants, and loans around the country.
The Recovery Act’s longer-term economic investment goals include:
Initiating a process to computerize health records to reduce medical errors and save on health care costs
Investing in the domestic renewable energy industry
Weatherizing 75 percent of federal buildings and more than one million homes
Increasing college affordability for seven million students by funding the shortfall in Pell Grants, raising the maximum grant level by $500, and providing a higher education tax cut to nearly four million students
Cutting taxes for 129 million working households by providing an $800 Making Work Pay tax credit
Expanding the Child Tax Credit
The Recovery Act was intended to jumpstart the economy but many of the projects funded by Recovery money, especially those involving infrastructure improvements, are expected to contribute to economic growth for many years.
To view the full bill, click here.