Senators have reached a tentative deal on a version of President Obama’s economic stimulus plan, including about $805 billion in spending and tax cuts, that will win enough Republican votes to move forward. source.
Sen. Tom Coburn, R-Okla., has highlighted many provisions he considers to be earmarks, including a $246 million tax break for Hollywood movie producers. It would allow large Hollywood studios the opportunity to choose between an existing tax break or write off 50 percent of the entire production cost for movies and TV shows made in 2009. It was in the bill when Gibbs made his statement but was removed Feb. 3 when Coburn passed an amendment 52-45 to remove it. source.
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To give the proposed economic stimulus plan some perspective, “if you started the day Jesus Christ was born and spent $1 million every day since then, you still wouldn’t have spent $1 trillion.” Mitch McConnell, Sunday, February 1st, 2009. source.
see more wasteful spending Stimulus.
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Stimulus Cash Finder: How to get your Share of the $787 Billion Stimulus BillThis Stimulus Cash Finder makes it easy and efficient to find which ones of the 268 stimulus programs in the American Recovery & Reinvestment Act 2009 (ARRA) are right for you. This book solves 2 major problems of the original Act: a Contents with no page numbers and programs distributed all over the Act. In this book there are 5 ways to research programs: a 15 page detailed Contents with page numbers, a List of all programs, 60 page Stimulus Finder which groups programs together, Funding Totals, and a 250 item Index. (You may want to upgrade now to Rupert Hart's "Guide to the Stimulus: The Definitive Desk Reference to the American Recovery & Reinvestment Act 2009", $34.95. Same book as the "Stimulus Cash Finder" but also contains the full unabridged Text of the Act in large readable format with all programs highlighted, all in one bound book). Invaluable for individual taxpayers, families, business owners, managers, investors, state officials, and libraries.
