The House and Senate worked super fast to pass President Obama’s stimulus package. But with the federal government spending $787 billion dollars… how much if it will actually impact us?

Luckily, for those of you who aren’t huge political nerds (like me), the Associated Press laid it out pretty simply.

(By the way, before anything can happen, the president has to sign the bill. But it was his creation, so that will definitely happen.)

Here’s a break down of three of the spending points I think will make the biggest difference initially… but if you want more, here’s the full article. It goes into further detail about health care, environment, law enforcement and national debt.

Taxes:

The recovery package has tons of tax breaks. They include new car and home purchases, making your home more energy efficient and breaks for families sending kids to college.

Infrastructure:

Highways, water systems and more would get totally revamped. Many say these projects will help create and sustain jobs (does the New Deal ring a bell?) Kansas and Missouri are expected to get over a billion dollars between the two states for such projects. Check with your local transportation departments to see which projects they’ve put on their wish lists.

Education:

The stimulus includes spending that will help make up for individual states budgeting shortfalls. That means it will help school districts make up for the lost money, keep classroom sizes down, help keep teachers in the classroom and provide additional funding for programs like Head Start and other special education programs.