some
details:As if to underscore the urgency, he said a few hours before the agreement was announced that machinery giant Caterpillar Inc. plans to rescind some of the 22,000 layoffs the firm recently announced — once the stimulus is signed into law.
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The principal components of the emerging measure included money to help victims of the recession, as much as $44 billion in aid for states, which face cuts of their own as a result of lower tax receipts, and the president's proposed tax cut for lower and middle-income wage earners.
Negotiators tentatively agreed to include a one-time payment to recipients of Social Security, Supplemental Security Income and veterans' pensions and disability. While the size of the checks remained unsettled, officials said it would be less than the $300 originally proposed by the Senate.
Officials said there was agreement to accept the White House's call to provide the tax break to workers who pay Social Security taxes but do not earn enough to owe income taxes, although it was possible the amount would be scaled back somewhat. The president sought $500 for individuals and $1,000 for couples.
It sounds like things went well for the states and us 'regular folk'
I cannot wait for these projects to begin. If CAT is bully on this, hopefully other companies will stop and rethink the layoffs (mostly because retraining is expensive) they may be ready to announce, at least for a few months. Wait and see how the stimulating goes!
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