Revised Tax-Cut Figure Pushes Stimulus Spending Higher
Over 47 percent of the roughly $800 billion federal stimulus package is now out the door, according to government figures. With a recent adjustment in the government's tax-cut numbers, a total of $378 billion of the stimulus money has now moved into the economy.
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.
You can track stimulus spending by agency on our interactive Stimulus Progress Bar. You can also see how fast that money is moving out the door, by checking out our Stimulus Speed Chart.
This article is part of an ongoing investigation:
Officials have struggled to spend the nearly $800 billion stimulus package quickly and effectively.
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