ROADS, BRIDGES, TRANSIT, WATER
• $29 billion for modernizing roads and bridges. States must obligate at least half of the funding within 120 days.
• $8.4 billion for investments in transit.
• $8 billion for investment in high-speed rail.
• $18 billion for clean water, flood control, and environmental restoration investments.
• $5 billion for improvements in Defense Dept. facilities.
• $4.5 billion to make federal office buildings more energy-efficient.
TAX CUTS, INDIVIDUALS
• Refundable tax credit of up to $400 per worker ($800 per couple filing jointly), phasing out completely at $200,000 for couples filing jointly and $100,000 for single filers.
• Child tax credit expanded to allow families to begin qualifying for the child tax credit with every dollar earned over $3,000.
• Earned Income Tax Credit expanded by providing tax relief to families with three or more children and increasing marriage penalty relief.
• New, partially refundable $2,500 tax credit for families.
• Suspends the Alternative Minimum Tax for 26 million families.
• $8,000 tax credit for first-time homebuyers on homes bought from Jan. 1 through Aug. 31, with no repayment requirement.
• Tax deduction for state and local sales taxes paid on purchase of new cars, light trucks.
• Temporarily suspends taxation of some unemployment benefits.
TAX CUTS, BUSINESSES
• Extends the bonus depreciation and increases small business expensing for investments in plants and equipment in 2016.
• Extends to small businesses expensing for investment in new plants and equipment, loss carry back, a delay of the 3% withholding tax on payments to businesses that sell goods or services to governments, and a cut in the capital gains tax cut for investors in small businesses who hold stock for more than five years.
• Delays the tax on businesses that have discharged indebtedness.
• Tax credits for hiring recently discharged unemployed veterans and youth that have been out of work and out of school for the six months prior to hire.
• New bond-financing program for school construction, rehabilitation, and repair.
• Continues through December the extended unemployment benefits program (which provides up to 33 weeks of extended benefits) that is otherwise scheduled to begin to phase out at the end of March.
• Increases unemployment benefits for 20 million jobless workers by $25 per week.
• Increases food stamp benefits by 13%.
• $100 million for Emergency Food & Shelter to help local community organizations provide food and shelter; $100 million for formula grants to states for elderly nutrition services including Meals on Wheels; and $150 million for the Emergency Food Assistance Program to purchase commodities for food banks to refill emptying shelves.
• $4 billion for job training including formula grants for adult job training, dislocated worker job training, and youth services (including funding for summer jobs for young people).
• $500 million for Vocational Rehabilitation State Grants to help persons with disabilities.
• $500 million to match unemployed individuals to job openings.
• $120 million to provide community service jobs to an additional 24,000 low-income older Americans.
AID TO SENIORS, DISABLED VETERANS
• Payment of $250 to Social Security beneficiaries, as well as veterans receiving disability compensation and pension benefits from the Veterans Affairs.