Economic Stimulus Plan
The White House and congressional leaders are working on a stimulus plan aimed at heading off a likely recession. Follow progress and news about the economic situation in the US.
“Economic Stimulus” plan stopped in Senate
I was not really big on the economic stimulus plan, although the Democrats in the Senate managed to make me like it a little more by boosting the amount given to disabled vets and the elderly. And hey, whenever Senate Republicans filibuster something I tend to know I should like it.
The Senate version would provide $500 for individuals and $1,000 for couples, but it would double the size of the eligibility caps. The working poor, some of whom may not pay any income taxes, would be eligible for the same checks, as would seniors and disabled veterans with $3,000 in Social Security or veterans benefits. Businesses would be offered investment tax incentives and would be allowed to write off more losses, which drew the support of large corporations.
On another source I’d found this on, the writer pointed out that the Democrats are in the “difficult position” of either blocking it entirely or conceding. This is what drives me goddamn crazy about the Democratic/Republican image.
The GOP filibusters something, and the Democrats have to worry about being labeled obstructionists if they don’t fold. Think about that for a moment. The suggestion was that the Democrats would be seen as blocking legislature after Republicans filibuster it. I just don’t know what the hell people are thinking sometimes. And it’s that same line that is the reason Democrats keep crumbling under pressure.
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