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.
The mental health provision — does Ramstad have anything to do with this?
The boot on our head gets heavier…
“does Ramstad have anything to do with this? ”
Is there any doubt. He voted against the first house version.
FYI: WCCO reports this morning that Bachmann will vote against the measure.
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.