Wednesday, February 11, 2009

Stimulus deal 'possible' by Wednesday, lawmaker says

Asked whether a deal is possible Wednesday, Baucus said, "It's very possible."
The House version includes more spending on education and aid to states, totaling about $100 billion.
The Senate's bill includes more in tax cuts, including $70 billion to patch the alternative minimum tax. The tax was intended to target the wealthy, but now hits many middle-class families.
The Senate version of the bill also makes changes to the president's signature middle-class tax cuts. Obama campaigned on tax breaks for those making $75,000 or less. The Senate version provides tax breaks for individuals making $70,000 or less, or for couples making $140,000 a year or less. That's different from the $150,000 in the House bill

Stimulus deal 'possible' by Wednesday, lawmaker says - CNN.com

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