What is the bailout money going to be spent on?

Answer 1

The bill that enacted the stimulus package is called the American Recovery and Reinvestment Act. The final package after going through scrutiny through the House and Senate committees is 787 Billion dollars. Tax Relief for Individuals: 237 B Tax Incentives for Businesses: 51 B Tax Relief includes: $15 B for Infrastructure and Science $61 B for Protecting the Vulnerable $25 B for Education and Training $22 B for Energy As well as direct federal transfers that include $53 B Education and Training $81 B Protecting the Vulnerable (such as Food aid, education subsidies, health care subsidies) $144 B to State and Local Fiscal Relief (Prevents state and local cuts to health and education programs and state and local tax increases.) $111 B Infrastructure and Science $59 B Health Care $43 B Energy $8 B Other