The Stimulus Plans: How The Senate/House Plans Differ: A Detailed Chart

[Better Believe It]

February 10, 2009
The Stimulus Plans: How They Differ

The Senate passed an economic stimulus plan with a price tag of around $840 billion on Tuesday, 13 days after the House passed its own version of the plan with an estimated cost of approximately $820 billion. Now, lawmakers must meet to reconcile the two bills–and multiple competing factions—before the plan can be sent to the White House.

House and Senate Democrats are likely to fight over spending items ignored by the other chamber. Moderate Republicans and Democrats who pushed to cut the size of the original Senate package will be unwilling to see its price rise. The White House wants to restore some funding already cut by those moderates. And Senate Democrats may also go after tax breaks inserted by Senate Republicans.

Click on the following link to see the detailed stimulus chart:

http://online.wsj.com/public/resources/documents/st_STIMULUS_STATIC_20090210.html

[liberalmuse]

1. Thanks!

That's very helpful.

[gblady]

2. interesting....

to see the differences...
thanks for the link.

[vaberella]

3. Huh....I have a few issues.

I was going to say that I supported the house bill overall even though I would have perferred that all the added items in the Senate bill should be there with no cuts and I was getting annoyed at some of the cuts on meal programs. Fine. However when I got the tax cut section it was a field day. Basically the Senate Bill gave tax cuts on everything. The Repubs didn't forgo anything and got waht they wanted. And millions of dollars worth. It's horrible.
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Why are we giving $10 million+ to this:
Curbs to executive compensation at companies receiving financial assistance: The government will raise $3.2 billion from a requirement for participants who paid big bonuses to buy back an equivalent amount of government-held stock. However, the CBO has assessed a net revenue loss because previously taxable compensation will remain within the company, which is not assumed to generate a taxable profit.

It sounds like worthless reprivatization tactics.


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This one is bullshit. More people are LOSING their homes not buying homes during April 2008 til today. And yet we're giving them a tax refund of up to $32 million+...?! Bullshit. I fuckin' hate Repbulicans. At this point only those who can afford benefit while everyone else was losing.

House version offers a refundable credit for 10% of purchase of home, up to $7500, for first-time homeowners buying between April 9, 2008 and July 1, 2009. The Senate version expands the credit to $15,000 and applies it to all home purchases. The Senate version of the credit can only be claimed by buyers who owe income taxes.

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They do all this at the risk of healthcare provisions by cutting $17 million+ on Cobra. Jesus.
Money for states to extend Medicaid coverage to the unemployed and their families, and extending the COBRA eligibility period for some people.