ALREADY? House and Senate reach tentative deal on economic recovery package.»

[babylonsister]

Didn't Howard Fineman say on KO last night this is going to be a long slog?!

http://thinkprogress.org/2009/02/11/house-and-senate-reach-deal-on-economic-recovery-package/


House and Senate reach tentative deal on economic recovery package.»

CongressDaily reports the key elements of the tentative compromise:

House and Senate leaders have struck a tentative deal on a stimulus package with a top-line figure of $789.5 billion, Democratic aides said this morning. The overall mix of funding and tax provisions remains to be hashed out. One disappointment for President Obama is likely to be a scaled-back “Making Work Pay” tax credit of $400 for individuals and $800 for married couples, which falls short of his goal of $500 and $1,000. But those figures would still meet Obama’s goal of providing a tax credit to 95 percent of working families. Conferees are scheduled to meet at 3 p.m. today, although that will largely be a formality. Democratic aides said House Speaker Pelosi intends to bring the bill to the floor Thursday, followed by Senate passage Friday.

Update: Ambinder adds, "The Republican Senators will pare back some of their preferred tax cuts, and the Democrats will get some of their education / state aid money restored, although both sides will have to sacrifice."

Update: ABC's George Stephanopoulos reports, "The compromise scales back the tax credits for auto and home purchases and other tax cuts. It also restores some of the House education funding that the Obama administration has called 'crucial.'"

[louis-t]

1. It will make my repug co-workers crazy that

repugs want to scale back the tax credits for home purchases that would help my (and their) struggling business. They are slowly 'getting it.'

[sazemisery]

2. Citizens calling and writing probably had a hand in this

Enough of us keep calling and they will get off their asses. The Republics are getting an earful from their constituents. If they feel their "job" is in jeopardy they might change their vote.

[bdamomma]

8. we have the power if we use it.

damn these repigs they are our domestic enemies, there is no other words for it. We have to keep on our Senators and Reps. We are not playing games.

[pleah]

3. They also cut the education section again.n/t

[babylonsister]

4. Did you read the Update?...

Update: ABC's George Stephanopoulos reports, "The compromise scales back the tax credits for auto and home purchases and other tax cuts. It also restores some of the House education funding that the Obama administration has called 'crucial.'"

[pleah]

6. I had just heard that on CNBC, just before I posted.

I guess they were a little behind on their update. Glad some went back in. Thanks.

[sharp_stick]

5. Keyword - Tentative

There is plenty time for waving in the wind Specter to decide to vote with his "heart" and turn against the bill while on his cell giving phone fellatio to Rush Limbaugh in order to get back in the good graces of rushbos party.

[monmouth]

7. After President Obama edits, I'll take a look....n/t