Over the River…

but Still in the Woods, to The House of Representatives we go…

The Senate’s revised bill sweetened the original package by tacking on a number of tax breaks and other perks in the hopes of swaying the House to reverse its original veto.

The add-ons include tax breaks for businesses, users of alternative energy and hurricane victims as well as relief from the alternative minimum tax.

Also, it would boost the limit on FDIC-insured bank deposits to $250,000 from $100,000 for one year.

Additionally, a bill boosting improved health insurance for mental health was wrapped into the package.

Say again? Was that Pelosi’s idea?

In all, the add-ons bring the potential package cost to over $800 billion, according to published reports.

What’s an extra $100 Billion?

The revised bailout received the support of both presidential candidates.

American taxpayers have swamped many representatives’ offices with e-mails and phone calls, with overwhelming majority urging them to vote down the bill.

…and they were listening last time. Brace yourself. This may not be over yet.

5 thoughts on “Over the River…

  1. My understanding is that all of these pork provisions were already passed in a separate bill by the House of Representatives. However since the House killed the bailout/rescue package on Monday and since per the Constitution all spending bills must originate in the House, what the Senate has actually done is just tacked the rescue/bailout package onto the pork package that was passed by the House. Then when the two bills (the House pork bill and the Senate pork bill plus the bailout/rescue provisions) go to conference committee, the House will revote on the pork bill with the bailout/rescue provisions in it.

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