Revised Tax-Cut Figure Pushes Stimulus Spending Higher
Stimulus spending has reached roughly $378 billion, according to the latest numbers from Recovery.gov, released on April 9. That number includes $215 billion in spending and an estimated $163 billion in tax cuts. The tax-cut figure was recently adjusted upward by the Office of Tax Analysis. In total, over 47 percent of the roughly $800 billion stimulus package has entered the economy.
Officials have struggled to spend the nearly $800 billion stimulus package quickly and effectively.