Senate panel approves economy stimulus plan
Finance committee gives nod to stimulus measures. Proposals to give tax rebates to seniors and aid the unemployed gain support. Next step: Full Senate vote.
By Jeanne Sahadi, CNNMoney.com senior writer
January 30 2008: 6:36 PM EST
NEW YORK (CNNMoney.com) — The Senate Finance Committee on Wednesday approved a proposal intended to curb a further slowdown in the economy. The proposal, which differs from a bill overwhelmingly approved Tuesday by the House, could be introduced as a bill and voted on by the full Senate as early as Thursday. Lawmakers are aiming to send final legislation to President Bush by Feb. 15.
The committee meeting took place the same day that the government issued a report that economic growth in the last quarter of 2007 was weaker than expected and the Federal Reserve cut a key interest rate another 50 basis points following its emergency move last week that lowered the federal funds rate by 75 points.
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I think that the senate is selfish. This only further proves my point that government is not for the people. Unemployment fraud is constantly being faught by federal and state goverments , yet we are going to give these people money taken from our paychecks. And as mentioned in the article if their benefits are extended why look for a job when they can put it off for 13 more weeks. I don’t know about anyone else , but I’m am tired of killing myself for lazy people.