Friday, 08 February 2008Posted by admin

WASHINGTON - The Congress, given the prospect of an election year recession, has an emergency plan Thursday, rushes discount of $ 600 to $ 1200 for the majority of tax payers and 300 dollars for the former fighters checks handicapped, elderly and other people with low incomes . President Bush said that he acts.
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House 380-34 transition through a vote came a few hours after the state and government leaders from the Senate ended a long impasse on the bill. But by the standards of the Congress, the legislature has the right, with a remarkable speed jerk on the weakness of the economy. The plan, with the 168 billion dollars deficit of more than two years, is for the provision of resources for people to spend and tax relief for businesses to new investments - for the economy stimulated beaten by a slowdown in housing and Credit cards.

Rebate checks to begin in May. They would, based on the statements of income, the 2007 is 15 April.

The 81-16 Senate vote in the ceiling more than a week leeway politics. The impasse erupted when the majority of Democrats, who made their request for a proposal for a rescue, the unemployment benefits, heating assistance for the poor and tax relief for the construction of houses and industry, energy.

GOP senators blocked these ideas, but has added the $ 300 rebate for the elderly and disabled war veterans to $ 161 billion measure, the Board has in the last week.

Bush said that he finally sign the plan, called it “solid, broad-based, in due time, and it is efficient.” Compromise, “he said in a statement, that the Senate has acted,” War is an example of bilateral cooperation, at a time when the American people are waiting longer. ”

The Act provides rebate - $ 600 for the people, $ 1200 for couples - for most taxpayers, a fee of $ 300 per child. The people up to $ 75000 per year and the romance of up to $ 150000 winner will receive a full refund, which they are more than that, or too little tax checks on the train smaller.

The people that taxes on income, but not to win at least $ 3000 - including by social insurance or by former fighters of the invalidity benefits - receive $ 300 discount.

“We believe that the suggestions, as they targeted, it is the money in the hands of those who they are, in the injection of demand in the economy and thus the creation of jobs,” House Speaker Nancy Pelosi, D - Calif., said to his colleagues.

The measure also includes measures to promote the market for the accommodation difficulties. It would temporarily limit for Federal Housing Administration loans, and the hood on the loans, Fannie Mae and Freddie Mac can buy for $ 729750.

The product was developed by a rare wave of cooperation bipartisane the Capitol, where Republicans and Democrats team with the White House over a bill, which is gone, the two parties’ priorities, but could attract a broad consensus.

Quick to an agreement marked by Pelosi and Minority Leader John Boehner, R-Ohio, with the US Treasury Secretary Henry Paulson a quick and gentle role in the chamber, with the legislators to stand in front of it on the way to a plan can respond to their Commissioned by economic interests in the run-up to elections in November.

But it seems to bring in the divided Senate, where Democrats are determined to a high political price to pay, the Republicans in the harsh voice to the question whether Article add and popular as $ 14.5 billion aid for people without work , the unemployment benefits are exhausted, $ 1 billion dollars in heating assistance for the poor and tax relief for businesses, the energy, including producer of coal.

Senate Democratic leadership these points coupled with discounts for the Americans and the old war veterans, the disabled and threatened the Republicans would possibly accept or blamed, in order from this politically powerful groups on the plan for the promotion.

Ultimately, however, the Democrats could not shoot enough support to its 205 billion dollar alternative to break a GOP delaying policy slope.

The turning point came in the Senate, which on Wednesday after Democrats fell one vote short to overcome Republican objections and look ahead with their plan more expensive.

They were replaced Thursday and allowed a vote on a proposal, which is more on discounts for the elderly and the former fighters, and the language is designed to prevent illegal immigrants to receive the checks.

“I could play with a little, and it was trying to 60th this vote, but I am committed to this bill before (15 February), and that we are not,” said Harry Reid, chief for the majority, D - Nev.

The revocation is that after Pelosi pactisé with the Republicans, including Senate Minority Leader Mitch McConnell, Kentucky, and urged the Senate to put an end to the internal struggles and to the law.

Thirty-three are 46 Republicans and Democrats in the Senate, the two independent measurement. Sixteen Republican senators voted against the plan.

The two candidates for the presidential elections, Democratic Sens Hillary Rodham Clinton in New York and Illinois Barack Obama, not with the vote. The avant-garde of Arizona Republican Senator John McCain, poured its first vote of the year on the bill, voting “yes”. McCain had missed the vote in the evening.

Reid defended his decision to try to put pressure on the big Republican proposal on how to meet with them or to leave the proposal with rebate for the elderly and war veterans. “I firmly believe that we have the good thing,” said Reid.

Republicans Say Democrats-would be a high political price to pay for their rejection.

“If today (Republicans) are squirming because they” no “vote, is for democracy,” said New York Senator Charles Schumer, who heads the committee sénatorial democratic country. “The policy of the chips fall where they may.”

But Montana Democrat Max Baucus, chairman of the Senate Finance Committee, said: “The discretion is the better part of value added. The best thing we can do is to declare a major victory, which we have achieved to know Scheck receive the refund to 20 million people with disabilities and 250000 war veterans. ”

Some Republicans have reservations that the reduction of controls much help. Other legislators are interested in expanding the budget deficit.

“We need to remember that every dollar on the programme for the promotion, our children borrowed. And our grandchildren,” said Senator Judd Gregg, RN.H. who voted against the bill.

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