CNN Money: Where will the stimulus money go?
As every news outlet tries to dissect the new $787 billion rescue package, CNNMoney.com offers a simple and clear explanation of how the money will be appropriated.
Here is the breakdown:
- $212 billion will be used for tax relief mainly for individuals but will also help some businesses.
- $308 billion will go towards discretionary spending including $30 billion that will be used for "energy related infrastructure projects."
- $267 will go to direct aid in the form of increased unemployment benefits and food stamps.
The segment also strives to answer one question that's on the minds of many Americans: How does this impact me?
The news stimulus offers several perks including a $400 credit per worker, a temporary expansion of the child tax credit, added incentives for car buyers and home buyers and an increase in the higher education tax credit.

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