Press Releases | Budget Taxes and Public Investment

News from EPI A profit of at least $61 billion from auto industry recovery plan

For Immediate Release: Thursday, November 18, 2010
Contact: Phoebe Silag or Karen Conner, news@epi.org 202-775-8810

U.S. taxpayers will benefit from a net gain of at least $61 billion on the $5-7 billion government investment in the auto industry recovery plan (after all government loans and investments are repaid), a new Economic Policy Institute Issue Brief finds. The report, Huge Return on Taxpayer Investment: Benefits of the Auto Restructuring Plan Vastly Exceed the Costs, by EPI researcher Robert Scott, calculates that federal, state and local governments saved between $10 and $78 for every dollar invested in the recovery plan.