[mccookgazette.com] A Few Clouds ~ 21°F  
High: 37°F ~ Low: 29°F
Sunday, Mar. 1, 2015

Sens. Nelson, Collins negotiate bipartisan economic stimulus agreement

Sunday, February 8, 2009

WASHINGTON, D.C.--After days of leading bipartisan negotiations, U.S. Sens. Ben Nelson (D-NE) and Susan Collins (R-ME) announced an agreement on an amendment to the Economic Recovery Act currently before the Senate. The Nelson-Collins amendment would reduce the total cost of the package to $780 billion--$110 billion less than the bill that the Senate is currently considering.

"This bipartisan agreement delivers the help millions of Americans need in this time of economic turmoil," said Senator Nelson. "It fuels two powerful engines: major tax cuts for the middle class, and targeted investments in American infrastructure and job growth. It also pares back $110 billion of spending that didn't belong in the bill. We've trimmed the fat, fried the bacon, and milked the sacred cows. What remains will fund education, an energy Smart Grid, tax credits for homebuyers and other critical infrastructure."

"This deal represents a victory for the American people," said Senator Collins. "We came together to tackle the most immediate problem facing the nation. This package cuts $110 billion in unnecessary expenditures. These are not minor adjustments, but major changes. It contains robust spending on infrastructure to create jobs, $87 billion in assistance for states, and assistance to schools, especially for special education and Pell grants. This bill is not perfect, but it represents a bipartisan, effective and targeted approach to the crisis facing our country."

Some highlights of the Nelson-Collins agreement include:

* $7 billion in rural broadband infrastructure

* $1.87 billion for Community Health Center infrastructure

* $64.4 billion for our nation's K-12 educational system

* $19 billion for a 10% non-refundable tax credit (capped at $15,000) for any home purchase

* $6.4 billion for a down payment on the Energy Superhighway and a Smart Grid

* $9.6 billion renewable energy investments

* $250 million in rural renewable energy Investments

* $42 billion in transportation infrastructure investments

* $6.4 billion for environmental infrastructure including water and sewer infrastructure

* $87 billion in temporary and targeted Medicaid relief to states

* $70 billion for a one year fix for the Alternative Minimum Tax

* $13.9 billion more for Pell Grants to help thousands of college students pay for increases in college costs.

* $13 billion more for Special Education/IDEA to improve education for disabled children

* $3.5 billion for law enforcement, including $1.2 billion for popular Byrne grants for drug task forces.


Fact Check
See inaccurate information in this story?


Comments
Note: The nature of the Internet makes it impractical for our staff to review every comment. If you feel that a comment is offensive, please Login or Create an account first, and then you will be able to flag a comment as objectionable. Please also note that those who post comments on mccookgazette.com may do so using a screen name, which may or may not reflect a website user's actual name. Readers should be careful not to assign comments to real people who may have names similar to screen names. Refrain from obscenity in your comments, and to keep discussions civil, don't say anything in a way your grandmother would be ashamed to read.

Funny, Ben Nelson always runs as a conservative at election time, then gets to DC and stabs working people in the heart every single chance he gets.

Can you tell the difference between Nelson and Chuck Schumer? I can't.

-- Posted by sameldridge on Tue, Feb 10, 2009, at 1:10 AM


Respond to this story

Posting a comment requires free registration. If you already have an account on this site, enter your username and password below. Otherwise, click here to register.

Username:

Password:  (Forgot your password?)

Your comments:
Please be respectful of others and try to stay on topic.

Related subjects