PolitiFact | A stimulus report card

Nearly a third of the cost of the stimulus, $288 billion, comes via tax breaks to individuals and businesses. The tax cuts include a refundable credit of up to $400 per individual and $800 for married couples; a temporary increase of the earned income tax credit for disadvantaged families; and an extension of a program that allows businesses to recover the costs of capital expenditures faster than usual. The tax cuts aren’t so much spending as money the government won’t get — so it can stay in the economy. Of that $288 billion, the stimulus has resulted in $119 billion worth of tax breaks so far.

The stimulus also has $499 billion in spending. That includes $226 billion for projects such as new roads and high-speed rail; $273 billion in payments to state governments for things such as hiring teachers and police officers, and for services such as extended unemployment insurance and health coverage.

According to an analysis by Pro Publica, an online news service, $179 billion of the total stimulus has actually been spent. Another $154 billion has been committed, or is “in the process” of being spent.

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