Next steps for stimulus
As something of a follow-up to the previous post, this Wall Street Journal graphic (look up) is a neat way of conceptualizing the composition of the program and the trends in the spending. Year one focused on the spending that's quickest to deliver: Tax cuts and support for existing social services. Year two is when the infrastructure spending really enters the mix. There's $195 billion left in tax cuts to dole out, and quite a bit left in the support for public programs, as well.
The problem for the stimulus is that the money stops pretty abruptly in year three. The infrastructure spending is ongoing, but the tax cuts and public programs largely stop. Aside from health-care reform, extending those elements is likely to be the Senate's main focus this year.
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