Vi, your senate approved money is rolling in! Top dollars for top people...( selling more bucks against EUR, JPY ...and XAU):
No heating aid...people will have to use dollar notes and treasuries to fire their ovens!
Senate Passes Stimulus Plan
Thursday February 7, 5:02 pm ET
By Andrew Taylor and Julie Hirschfeld Davis, Associated Press Writers
Senate Approves Economic Aid Plan With Rebates for Older People, Disabled Veterans
WASHINGTON (AP) -- The Senate passed an economic rescue plan Thursday that would speed $600 to $1,200 in rebates to most taxpayers and $300 checks to low-income people, including disabled veterans and the elderly.
The 81-16 vote capped more than a week of political maneuvering that ended only when majority Democrats dropped their demand that the proposal offer jobless benefits, heating aid for the poor and tax breaks for certain industries.
GOP senators blocked those ideas, but agreed to add the rebates for older people and disabled veterans to a $161 billion measure the House passed last month.
House leaders said they would act as early as Thursday night to send the measure to President Bush.
The Senate plan would rush rebates -- $600 for individuals, $1,200 for couples -- to most taxpayers and cut business taxes in hopes of reviving the economy. Individuals making up to $75,000 a year and couples earning up to $150,000 would get rebates.
People who paid no income taxes but earned at least $3,000 -- including through Social Security or veterans' disability benefits -- would get a $300 rebate.
The bill had stalled for more than a week in the Senate. The turnaround came after Democrats fell just one vote short Wednesday of overcoming a GOP filibuster and pressing ahead with their $205 billion plan.
Democrats decided on Thursday against insisting on their package. Instead, they agreed to speed the bipartisan measure, costing about $167 billion, to Bush.
"It's our responsibility to pass the strongest bill that we can, and so I think it's tremendous what we'll be able to accomplish," said Majority Leader Harry Reid, D-Nev. "We had to finish this quickly."
The retreat came after House Speaker Nancy Pelosi sided with Republicans, including Senate Minority Leader Mitch McConnell of Kentucky. Pelosi, D-Calif., urged the Senate to stop its infighting and pass the bill.
"There's no reason for any more delay on this," Pelosi said. |
