https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=American_Recovery_and_Reinvestment_Act_of_2009American Recovery and Reinvestment Act of 2009 - Revision history2026-08-19T20:30:00ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=American_Recovery_and_Reinvestment_Act_of_2009&diff=137962&oldid=prevCleanupBot: clean up2021-08-12T14:58:35Z<p>clean up</p>
<table style="background-color: #fff; color: #202122;" data-mw="interface">
<col class="diff-marker" />
<col class="diff-content" />
<col class="diff-marker" />
<col class="diff-content" />
<tr class="diff-title" lang="en">
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 20:28, 12 August 2021</td>
</tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l46">Line 46:</td>
<td colspan="2" class="diff-lineno">Line 46:</td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019.<ref>{{cite web|title=Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2011 Through December 2011|url=http://www.cbo.gov/sites/default/files/cbofiles/attachments/02-22-ARRA.pdf|website=A CBO Report|publisher=Congressional Budget Office|access-date=February 19, 2017|date=February 2012}}</ref> The ARRA's rationale was based on the [[Keynesian economics|Keynesian economic theory]] that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019.<ref>{{cite web|title=Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October 2011 Through December 2011|url=http://www.cbo.gov/sites/default/files/cbofiles/attachments/02-22-ARRA.pdf|website=A CBO Report|publisher=Congressional Budget Office|access-date=February 19, 2017|date=February 2012}}</ref> The ARRA's rationale was based on the [[Keynesian economics|Keynesian economic theory]] that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>The politics around the stimulus were very contentious, with Republicans criticizing the size of the stimulus. On the right, it spurred the [[Tea Party movement]] and may have contributed to Republicans winning the House in the 2010 midterms.<ref>{{Cite book|url=https://global.oup.com/academic/product/american-political-history-a-very-short-introduction-9780199340057|title=American Political History: A Very Short Introduction|last=Critchlow|first=Donald|date=2014-12-25|publisher=Oxford University Press|isbn=978-0-19-934005-7|series=Very Short Introductions|location=Oxford, New York}}</ref><ref name=":2">{{Cite book|url=https://www.palgrave.com/gp/book/9783319410326|title=The Obama Presidency and the Politics of Change {{!}} Edward Ashbee {{!}} Palgrave Macmillan|pages=223|language=en}}</ref><ref>{{Cite book|url=https://global.oup.com/academic/product/the-tea-party-and-the-remaking-of-republican-conservatism-9780190633660|title=The Tea Party and the Remaking of Republican Conservatism|last1=Skocpol|first1=Theda|last2=Williamson|first2=Vanessa|date=2016-09-01|publisher=Oxford University Press|isbn=978-0-19-063366-0|location=Oxford, New York|pages=6–7}}</ref> Not a single Republican member of the House voted for the stimulus.<ref>{{Cite book|url=https://rowman.com/isbn/9781442261259/debating-the-obama-presidency|title=Debating the Obama Presidency|language=en-us}}</ref> Only three Republican senators voted for it.<ref>{{Cite web|url=https://www.politico.com/news/stories/0209/18837.html|title=Senate passes $787 billion stimulus bill|last=Rogers|first=David|website=POLITICO|language=en|access-date=2019-06-03}}</ref> Most economists have argued that the stimulus was smaller than needed.<ref>{{Cite web|last=Grunwald|first=Michael|title=About That Next Bailout: One Big Lesson from 2009|url=https://www.politico.com/news/magazine/2020/08/03/obama-stimulus-congress-bailout-lessons-390951|access-date=2021-02-03|website=POLITICO|language=en}}</ref><ref>{{Cite book|url=https://global.oup.com/academic/product/health-care-reform-and-american-politics-9780190262044?cc=us&lang=en&|title=Health Care Reform and American Politics: What Everyone Needs to Know, 3rd Edition|date=2015-12-28|publisher=Oxford University Press|isbn=978-0-19-026204-4|edition=Third Edition, New to this|series=What Everyone Needs To Know®|location=Oxford, New York|pages=76}}</ref<del style="font-weight: bold; text-decoration: none;">><ref name=":2" /</del>> Surveys of economists show overwhelming agreement that the stimulus reduced unemployment,<ref name=":1">{{cite web|date=July 29, 2014|title=Economic Stimulus (revisited)|url=http://www.igmchicago.org/surveys/economic-stimulus-revisited|access-date=February 19, 2017|website=IGM Forum|publisher=The Initiative on Global Markets; Chicago Booth}}</ref><ref>{{cite web|date=February 15, 2012|title=Economic Stimulus|url=http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_cw5O9LNJL1oz4Xi|access-date=February 19, 2017|website=IGM Forum|publisher=The Initiative on Global Markets; Chicago Booth}}</ref> and that the benefits of the stimulus outweighed the costs.<ref name=":1" /></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>The politics around the stimulus were very contentious, with Republicans criticizing the size of the stimulus. On the right, it spurred the [[Tea Party movement]] and may have contributed to Republicans winning the House in the 2010 midterms.<ref>{{Cite book|url=https://global.oup.com/academic/product/american-political-history-a-very-short-introduction-9780199340057|title=American Political History: A Very Short Introduction|last=Critchlow|first=Donald|date=2014-12-25|publisher=Oxford University Press|isbn=978-0-19-934005-7|series=Very Short Introductions|location=Oxford, New York}}</ref><ref name=":2">{{Cite book|url=https://www.palgrave.com/gp/book/9783319410326|title=The Obama Presidency and the Politics of Change {{!}} Edward Ashbee {{!}} Palgrave Macmillan|pages=223|language=en}}</ref><ref>{{Cite book|url=https://global.oup.com/academic/product/the-tea-party-and-the-remaking-of-republican-conservatism-9780190633660|title=The Tea Party and the Remaking of Republican Conservatism|last1=Skocpol|first1=Theda|last2=Williamson|first2=Vanessa|date=2016-09-01|publisher=Oxford University Press|isbn=978-0-19-063366-0|location=Oxford, New York|pages=6–7}}</ref> Not a single Republican member of the House voted for the stimulus.<ref>{{Cite book|url=https://rowman.com/isbn/9781442261259/debating-the-obama-presidency|title=Debating the Obama Presidency|language=en-us}}</ref> Only three Republican senators voted for it.<ref>{{Cite web|url=https://www.politico.com/news/stories/0209/18837.html|title=Senate passes $787 billion stimulus bill|last=Rogers|first=David|website=POLITICO|language=en|access-date=2019-06-03}}</ref> Most economists have argued that the stimulus was smaller than needed.<ins style="font-weight: bold; text-decoration: none;"><ref name=":2" /></ins><ref>{{Cite web|last=Grunwald|first=Michael|title=About That Next Bailout: One Big Lesson from 2009|url=https://www.politico.com/news/magazine/2020/08/03/obama-stimulus-congress-bailout-lessons-390951|access-date=2021-02-03|website=POLITICO|language=en}}</ref><ref>{{Cite book|url=https://global.oup.com/academic/product/health-care-reform-and-american-politics-9780190262044?cc=us&lang=en&|title=Health Care Reform and American Politics: What Everyone Needs to Know, 3rd Edition|date=2015-12-28|publisher=Oxford University Press|isbn=978-0-19-026204-4|edition=Third Edition, New to this|series=What Everyone Needs To Know®|location=Oxford, New York|pages=76}}</ref> Surveys of economists show overwhelming agreement that the stimulus reduced unemployment,<ref name=":1">{{cite web|date=July 29, 2014|title=Economic Stimulus (revisited)|url=http://www.igmchicago.org/surveys/economic-stimulus-revisited|access-date=February 19, 2017|website=IGM Forum|publisher=The Initiative on Global Markets; Chicago Booth}}</ref><ref>{{cite web|date=February 15, 2012|title=Economic Stimulus|url=http://www.igmchicago.org/igm-economic-experts-panel/poll-results?SurveyID=SV_cw5O9LNJL1oz4Xi|access-date=February 19, 2017|website=IGM Forum|publisher=The Initiative on Global Markets; Chicago Booth}}</ref> and that the benefits of the stimulus outweighed the costs.<ref name=":1" /></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>== Legislative history ==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>== Legislative history ==</div></td></tr>
<tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l192">Line 192:</td>
<td colspan="2" class="diff-lineno">Line 192:</td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div># To stabilize State and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div># To stabilize State and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>The Act specifies that 37% of the package is to be devoted to tax incentives equaling $288 billion and $144 billion, or 18%, is allocated to state and local fiscal relief (more than 90% of the state aid is going to Medicaid and education). The remaining 45%, or $357 billion, is allocated to federal spending programs such as transportation, communication, wastewater, and sewer infrastructure improvements; energy efficiency upgrades in private and federal buildings; extension of federal unemployment benefits; and scientific research programs. The following are details to the different parts of the final bill and the selected citizen to receive this Government Grants have to come up with $250 for the activation and they must clear the state tax according to the state percentage that will be refund it back along with the Grants.:<ref>{{cite web |url=http://appropriations.house.gov/pdf/PressSummary02-13-09.pdf |title=Summary: American Revovery and Reinvestment |date=February 13, 2009 |publisher=U.S. House of Representatives Committee on Appropriations |access-date=February 17, 2009 |archive-url=https://web.archive.org/web/20090216170759/http://appropriations.house.gov/pdf/PressSummary02-13-09.pdf |archive-date=February 16, 2009 |url-status=dead |df=mdy-all }}</ref><ref>[http://www.recovery.gov/?q=content/investments recovery.gov]</ref><ref>{{cite news|title=Getting to $787 Billion| url=http://online.wsj.com/public/resources/documents/STIMULUS_FINAL_0217.html | work=The Wall Street Journal | date=February 17, 2009}}</ref<del style="font-weight: bold; text-decoration: none;">><ref name="ReferenceA" /</del>></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>The Act specifies that 37% of the package is to be devoted to tax incentives equaling $288 billion and $144 billion, or 18%, is allocated to state and local fiscal relief (more than 90% of the state aid is going to Medicaid and education). The remaining 45%, or $357 billion, is allocated to federal spending programs such as transportation, communication, wastewater, and sewer infrastructure improvements; energy efficiency upgrades in private and federal buildings; extension of federal unemployment benefits; and scientific research programs. The following are details to the different parts of the final bill and the selected citizen to receive this Government Grants have to come up with $250 for the activation and they must clear the state tax according to the state percentage that will be refund it back along with the Grants.:<ins style="font-weight: bold; text-decoration: none;"><ref name="ReferenceA" /></ins><ref>{{cite web |url=http://appropriations.house.gov/pdf/PressSummary02-13-09.pdf |title=Summary: American Revovery and Reinvestment |date=February 13, 2009 |publisher=U.S. House of Representatives Committee on Appropriations |access-date=February 17, 2009 |archive-url=https://web.archive.org/web/20090216170759/http://appropriations.house.gov/pdf/PressSummary02-13-09.pdf |archive-date=February 16, 2009 |url-status=dead |df=mdy-all }}</ref><ref>[http://www.recovery.gov/?q=content/investments recovery.gov]</ref><ref>{{cite news|title=Getting to $787 Billion| url=http://online.wsj.com/public/resources/documents/STIMULUS_FINAL_0217.html | work=The Wall Street Journal | date=February 17, 2009}}</ref></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>=== Tax incentives for individuals ===</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>=== Tax incentives for individuals ===</div></td></tr>
<!-- diff cache key bharatpedia-enwiki:diff:1.41:old-137831:rev-137962:php=table -->
</table>CleanupBothttps://en.bharatpedia.org/w/index.php?title=American_Recovery_and_Reinvestment_Act_of_2009&diff=137831&oldid=prevFlying Bee: Created page with "{{short description|Stimulus package}} {{distinguish|National Industrial Recovery Act of 1933}} {{Use mdy dates|date=April 2012}} {{Infobox U.S. legislation | name = American..."2021-08-12T12:11:44Z<p>Created page with "{{short description|Stimulus package}} {{distinguish|National Industrial Recovery Act of 1933}} {{Use mdy dates|date=April 2012}} {{Infobox U.S. legislation | name = American..."</p>
<a href="//en.bharatpedia.org/w/index.php?title=American_Recovery_and_Reinvestment_Act_of_2009&diff=137831">Show changes</a>Flying Bee