American Recovery And Reinvestment Act


American Recovery And Reinvestment Act
An act initiated and signed by U.S. President Barack Obama in February, 2009. The act was set into motion as a response to the weak economic state facing the country. The American Recovery and Reinvestment Act was created to stimulate the economy through individual and corporate tax cuts, leniency in unemployment benefits, increased domestic spending, and increased social welfare funding.

The plan will amount to around $787 billion in government spending. The following is a breakdown of the spending in billions:

-Tax Cuts - $288
-Healthcare - $147.7
-Education - $90.9
-Environment - $7.2
-Social Welfare - $82.5
-Infrastructure - $80.9
-Energy - $61.3
-Housing - $12.7
-Research - $8.9
-Other investments - $18.1


Investment dictionary. . 2012.

Look at other dictionaries:

  • American Recovery and Reinvestment Act — Präsident Barack Obama unterzeichnet am 17. Februar 2009 den American Recovery and Reinvestment Act; im Hintergrund Vizepräsident Joe Biden. Der American Recovery and Reinvestment Act ist ein in den Vereinigten Staaten erlassenes Bundesgesetz, da …   Deutsch Wikipedia

  • American Recovery and Reinvestment Act of 2009 — Also known as the Stimulus Package or Recovery Act, a federal law intended to jumpstart the struggling economy by creating new jobs and saving existing ones, spurring investment, and fostering accountability and transparency in government… …   Law dictionary

  • American Recovery and Reinvestment Act of 2009 — Stimulus bill redirects here. For other uses, see Stimulus bill (disambiguation). ARRA redirects here. For other uses, see ARRA (disambiguation). American Recovery and Reinvestment Act of 2009 Full title An act making supplemental appropriations… …   Wikipedia

  • American Recovery and Reinvestment Act of 2009 — (ARRA)   U.S. Congress passed the American Recovery and Reinvestment Act of 2009 on February 13, 2009, at the urging of President Obama, who signed it into law four days later. A direct response to the economic crisis, the Recovery Act strives to …   Energy terms

  • Community Reinvestment Act — The Community Reinvestment Act (CRA, Pub.L. 95 128, title VIII of the Housing and Community Development Act of 1977, 91 Stat. 1147, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial… …   Wikipedia

  • Health Insurance Portability and Accountability Act — HIPAA, acronyme anglais de « Health Insurance Portability and Accountability Act », est une loi votée par le congrès des États Unis en 1996 et qui concerne la santé et l assurance maladie. Les rapporteurs de la loi étaient les sénateurs …   Wikipédia en Français

  • Energy Independence and Security Act of 2007 — Full title Energy Independence and Security Act of 2007 Enacted by the 110th United States Congress Citations Public Law …   Wikipedia

  • American Automobile Association — The AAA logo AAA (pronounced triple A ), formerly known as the American Automobile Association, is a federation of 51 independently operated motor clubs throughout North America. AAA is a not for profit member service organization with more than… …   Wikipedia

  • Emergency Economic Stabilization Act of 2008 — This article is about one division of an enacted statute. For the entire statute, see Public Law 110 343. For the enacted rescue program, see Troubled Asset Relief Program. The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L.… …   Wikipedia

  • Dodd–Frank Wall Street Reform and Consumer Protection Act — Full title An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too big to fail , to protect the American taxpayer by ending bailouts, to protect consumers… …   Wikipedia