|
Updated: 10:38 PM Jun 16, 2010
Stimulus Sends Billions to Virginia
The Valley The Commonwealth Institute for Fiscal Analysis released a report Wednesday showing the Federal stimulus package has brought $3 billion in direct aid to Virginia.
Posted: 5:51 PM Jun 16, 2010Reporter: Michael Hyland Email Address: mhyland@whsv.com |
|
Billions of dollars have come to Virginia through the federal stimulus package, and that money likely had an effect on your paycheck.
The Commonwealth Institute for Fiscal Analysis released a report Wednesday showing the stimulus has brought $3 billion in direct aid to Virginia.
According to the institute, $1.9 billion of that was in the "Making Work Pay" tax credit that lowered withholdings from some people's paychecks.
The report also shows hundreds of millions of dollars in increases to food stamp benefits, extensions and increases of unemployment benefits, and other areas.
The institute did not look at how many jobs have been created by the stimulus.
"By providing the aid in these mechanisms, it put money back in people's pockets, and the idea being that they would turn around and spend that in their local economies and keep consumer demand going," says Michael Cassidy, the institute's president and CEO.
The Commonwealth Institute is a progressive think tank that advocates for low-income families.
The U.S. Congress is currently debating whether to extend certain provisions of the stimulus package.
The Associated Press contributed to this report.
© Copyright 2012 WHSV / Gray Television Group, Inc. All Rights Reserved.
- Lacrosse Murder Defense: Death Was Accident
- Watch: Atlanta Beating Victim: 'I'm the Brave One'
- Watch: New Victim in 40-Year-Old Murder Case?
- Watch: Missouri Teen Sentenced for Killing Neighbor
- Watch: Police Beat Man in Diabetic Shock
- Watch: Judge Orders Couple to Go on a Date
- Watch: Pregnant Teen Shoots Intruder Through Doggie Door
- Watch: Second L.A. Teacher Charged in Sex Abuse Case
- Watch: Plastic Heart Glows With Love
- Prince Harry Honored for Flying Skills
- Watch: Zoo Simulates Rhino Escape
- Watch: Crane Reels in Giant Shark
- Watch: North Korean Musicians Channel A-Ha
- Watch: Inside Japan's Fukushima Exclusion Zone
- Watch: Tensions Rise as Iran 'Flexes' Its Muscle
- Watch: Kidnapped Americans Released in Egypt
- The Global Note: Desperation In Homs…A380 Safety Checks…The Lost Lake…Austerity Vacations
- China's 'Hero Cop' Placed on Leave



