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Dems Craft New $100B Economic Stimulus

HeadlineNov 07, 2008

Congressional Democrats say they’ve begun to put together a new $100 billion economic stimulus plan. The package is said to include middle class tax cuts, funding for government jobs, extending unemployment benefits, and increased aid for food stamps and state healthcare programs for the poor. Another package under discussion includes a permanent tax cut for lower-income Americans. Meanwhile, the Washington Post reports the Treasury Department is finalizing a plan that would increase taxpayer ownership in a number of companies outside the banking sector. Some $250 billion has already been allocated to buy into troubled financial firms. Other proposals that would come out of the overall $700 billion Wall Street bailout include a $40 billion measure to assist a limited number of struggling homeowners.

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