Stimulus Survives Senate Pecking
The Senate passed its own version of the stimulus package Tuesday, slashing funding in areas that would most effectively stimulate the economy, such as aid to low-income Americans and states, while expanding tax cuts. The House and Senate bills must now be reconciled with one another.
ProPublica has assembled a handy chart that illustrates the differences between the two packages.
New York Times:
Despite numerous differences in the two bills approved in the Senate and the House, the overall scope of the economical recovery effort is now clear — sprawling in its reach, with tax cuts for individuals, families and businesses, assistance for jobless and low income Americans, aid to states, and huge spending on education, healthcare, energy and technology.
The Senate approved its bill most along party lines, by a vote of 61 to 37, with three Republicans joining 56 Democrats and two independents in favor. (There is one vacancy in the Senate, from Minnesota, and Senator Judd Gregg of New Hampshire, a Republican nominated to become Mr. Obama’s Commerce Secretary, did not vote.)