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  2. HOUSE DEMOCRATS PROPOSE ECONOMIC STIMULUS PACKAGE, INCLUDING $50 MILLION FOR THE ARTS ENDOWMENT

HOUSE DEMOCRATS PROPOSE ECONOMIC STIMULUS PACKAGE, INCLUDING $50 MILLION FOR THE ARTS ENDOWMENT

Submitted by admin on January 20, 2009

The House Democratic leadership released the details of an $825 billion economic stimulus package with $275 billion in tax breaks and $550 billion in spending.

The proposal includes a $50 million allocation for the National Endowment for the Arts, with the stipulation that 40 percent of such funding be distributed through state and regional arts agencies, the balance to go out in direct grants from the NEA. The proposal further stipulates that all funds must be awarded by September 30, 2010 using existing grant-making procedures.

The announcement made by Speaker Nancy Pelosi (D-CA) and Rep. David Obey (D-WI), chair of the House Appropriations Committee, marks just the first step in the legislative process of moving forward on the stimulus measure with the goal of passing the legislation and sending it to President Barack Obama by Feb. 13, when Congress is scheduled to begin its Presidents Day recess. Read More.