Handout to Banks
In his weekly radio address Saturday, President Barack Obama endorsed the compromise stimulus plan worked out by a small group of Republican senators, right-wing Democratic Senator Ben Nelson and “independent Democrat” Joseph Lieberman, a fervent supporter of the war in Iraq who backed Republican presidential candidate John McCain against Obama in the November elections.
The deal strips from the House of Representatives’ version of the stimulus plan some $40 billion in aid to states and localities and $19.5 billion in federal aid for school construction, reduces proposed health care subsidies for the unemployed, slashes new aid for the Head Start pre-school program, lowers a proposed increase in food stamps and scales back Obama’s middle-class tax cut, while adding a $70 billion tax break for upper-income families.
No comments:
Post a Comment