Oregon Impacts from Recovery Plan.

Released by the White House today, HERE.

Oregon specific impacts are found on page 75-76 and are pasted below:

• Creating or saving 46,300 jobs over the next two years. Jobs created will be in a range of industries from clean energy to health care, with over 90% in the private sector. [Source: White House Estimate based on Romer and Bernstein, “The Job Impact of the American Recovery and Reinvestment Plan.” January 9, 2009.]

• Providing a making work pay tax cut of up to $1,000 for 1,400,000 workers and their families. The plan will make a down payment on the President’s Making Work Pay tax cut for 95% of workers and their families, designed to pay out immediately into workers’ paychecks. [Source: White House Estimate based on IRS Statistics of Income]

• Making 41,000 families eligible for a new American Opportunity Tax Credit to make college affordable. By creating a new $2,500 partially refundable tax credit for four years of college, this plan will give 3.8 million families nationwide – and 41,000 families in Oregon – new assistance to put college within their reach. [Source: Center on Budget and Policy Priorities analysis of U.S. Census data]

• Offering an additional $100 per month in unemployment insurance benefits to 329,000 workers in Oregon who have lost their jobs in this recession, and providing extended unemployment benefits to an additional 53,000 laid-off workers. [Source: National Employment Law Project]

• Providing funding sufficient to modernize at least 102 schools in Oregon so our children have the labs, classrooms and libraries they need to compete in the 21st century economy. [Source: White House Estimate]