Stimulus Bill1
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ENERGY, ENVIRONMENT AND TRANSPORTATION ITEMS IN THE STIMULUS BILL, 2009
Expand tax incentives for renewable energy facilities »
Tax Cuts for Businesses; Energy
Extend production tax credit for wind energy facilities through 2012 and other renewable energy facilities through 2013. Allow renewable facilities to claim investment tax $14.0 billion credit instead of production tax credit. Remove cap on investment tax credit for small wind property. Allow renewable energy producers to claim a 30 percent cash grant from the Treasury Department in lieu of the 30 percent investment tax credit. Modernize the electric grid »
Energy
Make the electric grid "smarter," by improving communication so electricity can be distributed and used more efficiently.
$11.0 billion
Invest in rail transportation » Transportation
Expand passenger rail capacity and make grants for highspeed rail projects, including Amtrak.
$9.3 billion
Invest in public transit » Transportation
Energy
Provide grants to states for public transit infrastructure investment, reallocating money that is not spent quickly. Provide grants to cities, counties and states to increase energy efficiency
$8.4 billion
$6.3 billion
Provide additional financing for Innovative Energy Loan Guarantee program » Energy
Environment
Guarantee loans for renewable energy or electricity transmission projects that "avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases," according to the program's Web site.
$6.0 billion
Clean up sites formerly used by the Defense Department
$6.0 billion
Finance local water projects » Environment
Provide money for wastewater treatment projects and projects that improve the quality of drinking water.
$6.0 billion
Energy; Aid to Individuals
Increase financing for home weatherization program »
$5.0 billion
Analysis by the Lower Manhattan Project Study Group www.lowermanhattanproject.us
ENERGY, ENVIRONMENT AND TRANSPORTATION ITEMS IN THE STIMULUS BILL, 2009
Help low-income families make their homes more energy efficient, through projects like adding insulation. Energy
Increase energy efficiency in federal buildings
$4.5 billion
Infrastructure
Make military facilities more energy efficient
$4.2 billion
Invest in fossil energy » Energy
Includes money for near-zero emissions power plants, clean coal technology and carbon capture.
$3.4 billion
Infrastructure
Repair and improve facilities on public lands and parks
$3.1 billion
Provide additional financing for the National Science Foundation » Science and Research
Energy; Science and Research
Finance research, focusing on the environment and global competitiveness. Conduct energy efficiency and renewable energy research
$3.0 billion
$2.5 billion
Increase tax credits for residential energy efficiency improvements » Energy; Tax Cuts for Individuals
Increase tax credits for purchases to make homes energy efficient, such as new furnaces or insulation, to 30 percent through 2010, for up to $1,500.
$2.0 billion
Incentive for alternative vehicle » Energy; Tax Cuts for Individuals
Increase the tax credit for purchasing plug-in hybrid vehicles to $7,500.
$2.0 billion
Support battery manufacturing » Energy
Provide grants to manufacturers of advanced battery systems and car batteries in the United States.
Energy; Science and Research
Provide additional financing for science and research at the Department of Energy » Includes $400 million for rapid development of clean energy technology.
Analysis by the Lower Manhattan Project Study Group www.lowermanhattanproject.us
$2.0 billion
$2.0 billion
ENERGY, ENVIRONMENT AND TRANSPORTATION ITEMS IN THE STIMULUS BILL, 2009
Incentive for advanced energy investment » Tax Cuts for Businesses; Energy
Establish a new 30 percent investment tax credit for manufacturers of advanced energy property, which may include technology for the production of renewable energy, energy storage, energy conservation, efficient transmission and distribution of electricity, and carbon capture and sequestration.
$1.6 billion
Invest in local transportation projects » Transportation
Provide competitive grants for state and local transportation investments.
$1.5 billion
Authorize more state and local bonds for energy-related purposes » Aid to States; Energy
Authorize an additional $1.6 billion in renewable energy bonds and $2.4 billion in energy conservation bonds to finance state and local government projects.
$1.4 billion
Finance rural water and waste facilities » Environment; Rural Assistance
Provide grants and loans for water supply and waste disposal $1.4 billion programs in rural areas. Invest in air transportation » Make grants to airports to improve safety or increase capacity; repair Federal Aviation Administration equipment and facilities.
Transportation
$1.3 billion
Finance national environmental cleanup » Environment
Provide money for the Environmental Protection Agency's cleanup programs, including Superfund.
Environment; Rural Assistance
Provide water to rural areas and Western areas impacted by drought Provide additional financing for the National Aeronautics and Space Administration »
Science and Research
Science and Research
Pay for climate research and researching environmentally responsible airplanes. Provide additional financing for the National Oceanic and
Analysis by the Lower Manhattan Project Study Group www.lowermanhattanproject.us
$1.2 billion
$1.0 billion
$1.0 billion
$830
ENERGY, ENVIRONMENT AND TRANSPORTATION ITEMS IN THE STIMULUS BILL, 2009
Atmospheric Administration » Conduct habitat restoration projects and coastal charting, and upgrade computers for climate research. Education and Job Training; Energy; Unemployment
million
Train workers for careers in energy efficiency and renewable $500 energy fields million Provide grants to states for energy-efficient vehicles and infrastructure »
Energy; Aid to States
Includes $300 million to help state and local governments purchase hybrid vehicles and $400 million to start electrical infrastructure projects that encourage the use of electric vehicles.
$400 million
Energy; Aid to Individuals
Provide consumers rebates for energy-efficient appliances
$300 million
Energy
Replace older vehicles owned by the federal government with hybrid and electric cars
$300 million
Tax Cuts for Individuals; Energy
Expand tax incentives for residential renewable energy properties » Remove dollar caps on the 30 percent residential credit for solar thermal, geothermal and small wind property. Improve energy efficiency in government-subsidized apartment buildings
Energy; Housing
$268 million
$250 mill
Equalize mass transit and parking benefits » Equalize tax-free commuter benefits provided by employers for transit and parking at $230 per month for 2009 and index both benefits to inflation. Under current rules, only $120 of the mass transit benefit and $230 of the parking benefit is tax-free.
Tax Cuts for Individuals; Transportation
$192 million
Incentive for alternative fuel pumps » Energy; Tax Cuts for Businesses
Increase tax credits for gas stations and other businesses that $54 million install non-hydrogen, alternative fuel pumps to 50 percent through 2010, for up to $50,000.
Analysis by the Lower Manhattan Project Study Group www.lowermanhattanproject.us
Expand tax incentives for renewable energy facilities »
Tax Cuts for Businesses; Energy
Extend production tax credit for wind energy facilities through 2012 and other renewable energy facilities through 2013. Allow renewable facilities to claim investment tax $14.0 billion credit instead of production tax credit. Remove cap on investment tax credit for small wind property. Allow renewable energy producers to claim a 30 percent cash grant from the Treasury Department in lieu of the 30 percent investment tax credit. Modernize the electric grid »
Energy
Make the electric grid "smarter," by improving communication so electricity can be distributed and used more efficiently.
$11.0 billion
Invest in rail transportation » Transportation
Expand passenger rail capacity and make grants for highspeed rail projects, including Amtrak.
$9.3 billion
Invest in public transit » Transportation
Energy
Provide grants to states for public transit infrastructure investment, reallocating money that is not spent quickly. Provide grants to cities, counties and states to increase energy efficiency
$8.4 billion
$6.3 billion
Provide additional financing for Innovative Energy Loan Guarantee program » Energy
Environment
Guarantee loans for renewable energy or electricity transmission projects that "avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases," according to the program's Web site.
$6.0 billion
Clean up sites formerly used by the Defense Department
$6.0 billion
Finance local water projects » Environment
Provide money for wastewater treatment projects and projects that improve the quality of drinking water.
$6.0 billion
Energy; Aid to Individuals
Increase financing for home weatherization program »
$5.0 billion
Analysis by the Lower Manhattan Project Study Group www.lowermanhattanproject.us
ENERGY, ENVIRONMENT AND TRANSPORTATION ITEMS IN THE STIMULUS BILL, 2009
Help low-income families make their homes more energy efficient, through projects like adding insulation. Energy
Increase energy efficiency in federal buildings
$4.5 billion
Infrastructure
Make military facilities more energy efficient
$4.2 billion
Invest in fossil energy » Energy
Includes money for near-zero emissions power plants, clean coal technology and carbon capture.
$3.4 billion
Infrastructure
Repair and improve facilities on public lands and parks
$3.1 billion
Provide additional financing for the National Science Foundation » Science and Research
Energy; Science and Research
Finance research, focusing on the environment and global competitiveness. Conduct energy efficiency and renewable energy research
$3.0 billion
$2.5 billion
Increase tax credits for residential energy efficiency improvements » Energy; Tax Cuts for Individuals
Increase tax credits for purchases to make homes energy efficient, such as new furnaces or insulation, to 30 percent through 2010, for up to $1,500.
$2.0 billion
Incentive for alternative vehicle » Energy; Tax Cuts for Individuals
Increase the tax credit for purchasing plug-in hybrid vehicles to $7,500.
$2.0 billion
Support battery manufacturing » Energy
Provide grants to manufacturers of advanced battery systems and car batteries in the United States.
Energy; Science and Research
Provide additional financing for science and research at the Department of Energy » Includes $400 million for rapid development of clean energy technology.
Analysis by the Lower Manhattan Project Study Group www.lowermanhattanproject.us
$2.0 billion
$2.0 billion
ENERGY, ENVIRONMENT AND TRANSPORTATION ITEMS IN THE STIMULUS BILL, 2009
Incentive for advanced energy investment » Tax Cuts for Businesses; Energy
Establish a new 30 percent investment tax credit for manufacturers of advanced energy property, which may include technology for the production of renewable energy, energy storage, energy conservation, efficient transmission and distribution of electricity, and carbon capture and sequestration.
$1.6 billion
Invest in local transportation projects » Transportation
Provide competitive grants for state and local transportation investments.
$1.5 billion
Authorize more state and local bonds for energy-related purposes » Aid to States; Energy
Authorize an additional $1.6 billion in renewable energy bonds and $2.4 billion in energy conservation bonds to finance state and local government projects.
$1.4 billion
Finance rural water and waste facilities » Environment; Rural Assistance
Provide grants and loans for water supply and waste disposal $1.4 billion programs in rural areas. Invest in air transportation » Make grants to airports to improve safety or increase capacity; repair Federal Aviation Administration equipment and facilities.
Transportation
$1.3 billion
Finance national environmental cleanup » Environment
Provide money for the Environmental Protection Agency's cleanup programs, including Superfund.
Environment; Rural Assistance
Provide water to rural areas and Western areas impacted by drought Provide additional financing for the National Aeronautics and Space Administration »
Science and Research
Science and Research
Pay for climate research and researching environmentally responsible airplanes. Provide additional financing for the National Oceanic and
Analysis by the Lower Manhattan Project Study Group www.lowermanhattanproject.us
$1.2 billion
$1.0 billion
$1.0 billion
$830
ENERGY, ENVIRONMENT AND TRANSPORTATION ITEMS IN THE STIMULUS BILL, 2009
Atmospheric Administration » Conduct habitat restoration projects and coastal charting, and upgrade computers for climate research. Education and Job Training; Energy; Unemployment
million
Train workers for careers in energy efficiency and renewable $500 energy fields million Provide grants to states for energy-efficient vehicles and infrastructure »
Energy; Aid to States
Includes $300 million to help state and local governments purchase hybrid vehicles and $400 million to start electrical infrastructure projects that encourage the use of electric vehicles.
$400 million
Energy; Aid to Individuals
Provide consumers rebates for energy-efficient appliances
$300 million
Energy
Replace older vehicles owned by the federal government with hybrid and electric cars
$300 million
Tax Cuts for Individuals; Energy
Expand tax incentives for residential renewable energy properties » Remove dollar caps on the 30 percent residential credit for solar thermal, geothermal and small wind property. Improve energy efficiency in government-subsidized apartment buildings
Energy; Housing
$268 million
$250 mill
Equalize mass transit and parking benefits » Equalize tax-free commuter benefits provided by employers for transit and parking at $230 per month for 2009 and index both benefits to inflation. Under current rules, only $120 of the mass transit benefit and $230 of the parking benefit is tax-free.
Tax Cuts for Individuals; Transportation
$192 million
Incentive for alternative fuel pumps » Energy; Tax Cuts for Businesses
Increase tax credits for gas stations and other businesses that $54 million install non-hydrogen, alternative fuel pumps to 50 percent through 2010, for up to $50,000.
Analysis by the Lower Manhattan Project Study Group www.lowermanhattanproject.us
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