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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The economic stimulus bill: accessing the resources.(News & Numbers): An article from: Government Finance ReviewThis digital document is an article from Government Finance Review, published by Government Finance Officers Association on April 1, 2009. The length of the article is 1082 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.

Citation Details
Title: The economic stimulus bill: accessing the resources.(News & Numbers)
Author: Gale Reference Team
Publication: Government Finance Review (Magazine/Journal)
Date: April 1, 2009
Publisher: Government Finance Officers Association
Volume: 25 Issue: 2 Page: 4(2)

Distributed by Gale, a part of Cengage Learning

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How To Stop Arguing About Debt & Spending By Fixing Your Finances Together

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