Senate Breaks Stimulus Stalemate
By ANDREW TAYLOR and JULIE HIRSCHFELD DAVIS | Associated Press Writers
3:48 PM EST, February 7, 2008
WASHINGTON - Senate Republicans and Democrats agreed Thursday to add rebates for 20 million seniors and 250,000 disabled veterans to a House-passed economic aid package, ending a partisan stalemate over the plan.
The key breakthrough came when Democrats, under pressure from party colleagues in the House, agreed to drop their insistence on adding jobless benefits, heating aid for the poor and business subsidies, and said they would allow a vote on a plan that merely extends the tax rebates to Social Security retirees and disabled veterans.
The package would rush tax rebates of $600 for individuals and $1,200 for couples to most taxpayers and grant businesses tax cuts in hopes of reviving the economy. Individuals earning up to $75,000 a year and couples earning up to $150,000 would get rebates. People who paid no income taxes but earned at least $3,000 a year would get a $300 rebate.
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