Wednesday, February 11, 2009

Stimulus Bill Reconciled

Congress has reconciled the competing stimulus bills.

1.) Final cost of $789 billion
2.) $35 billion cut from state stabilization fund
3.) Pared down tax cuts, both the earned income tax cut and tax credits for buyers of autos and real estate
4.) Despite the sparse details at this point, it appears to resemble the Senate's version more than the House's
5.) Nobody seems to be happy about the bill

My biggest disappoinment: cuts from the state stabilization fund, where arguably better spending decisions could be made then by federal agencies, and where jobs could be immidiatly saved.

No comments: