Stimulus Bill Dismantled, Rebuilt Into Terrifying Cyborg
This poor stimulus bill has been kicked around and blown up a million times, completely dismembered, bathed in acid -- basicallyRobocop, except boring, and with money. So what secret provisions did House and Senate negotiators slip into the bill into order to win the eternal fealty of the lobster queen Susan Collins and the other handful of senators who hold the entire fate of the free world in their parsimonious little fists?
Hard to tell, who knows, etc. The House-Senate conference is convening as we write, and maybe once they've all convened and a bunch of Republicans have stormed off shouting about pork we'll have more details. But for now here are some details:
- Obama's little middle-class tax cut will probably be reduced by 20 percent.
- That $15,000 tax credit for new home purchases will probably be reduced, too; ditto new cars.
- State aid, which got reduced in the Senate bill, may inch up again, and so may school construction.
That is all fine, but what about the much-discussed executive pay caps? In or out? We need to know this so that we can start handing out munitions to our Citizen Army in the proper quantities.
House, Senate Negotiators Reach Agreement on Stimulus [Washington Post]