Senate: Let’s Make A Deal

Washington Post: Tentative Deal Reached on Stimulus Bill
Compromise Believed to Slash $90B in Spending, Tax Cuts
Purported deal reached in closed-door negotiations among a bipartisan group of senators as debate on more than $900B bill continued on Senate floor.

3 Responses to “Senate: Let’s Make A Deal”

1. elrod says:

   February 6, 2009 at 9:32 pm

   Good on them. I think the 42% tax cut figure is too much. But there is a conference committee next, and I'd rather this bill pass than nothing.
2. DaGoat says:

   February 7, 2009 at 8:58 am

   If this is such a great deal why do I have the feeling I've just been had?
3. Don Quijote says:

   February 7, 2009 at 9:26 am

   Senator DeMint's amendment to the stimulus package:

   o Permanently repeal the alternative minimum tax once and for all;
   o Permanently keep the capital gains and dividends taxes at 15 percent;
   o Permanently kill the Death Tax for estates under $5 million, and cut the tax rate to 15 percent for those above;
   o Permanently extend the $1,000-per-child tax credit;
   o Permanently repeal the marriage tax penalty;
   o Permanently simplify itemized deductions to include only home mortgage interest and charitable contributions.
   o Lower top marginal income rates from 35 percent to 25 percent.
   o Simplify the tax code to include only two other brackets, 15 and 10 percent.
   o Lower corporate tax rate as well, from 35 percent to 25 percent.

   35 out of 40 Republican Senators voted for it…

   If the economy is good, it's time for a tax cut. If the economy is in the crapper it's time for a tax cut.