Senate bailout bill

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Bernie Sanders: Nine reasons this is the wrong bailout bill

Vermont Sen. Bernie Sanders has a concise critique of some of the principal shortcomings of the Senate-passed Wall Street bailout bill at HuffPost/Alternet. And the first four are spelled out here:
“This bill does not effectively address the issue of what the taxpayers of our country will actually own after they invest hundreds of billions of [...]


Bailout bill passes Senate 74-25

And retiring Minnesota Rep. Jim Ramstad is one of the House members cited in today’s NYT story who voted no the first time around but is more inclined to vote for this version. House leaders only need to change a dozen no votes to yes to secure passage of the measure, which failed by 23 [...]


What are the new provisions in Senate version of bailout bill? Tax cuts!

Writing at the Sunlight Foundation’s website, Paul Blumenthal elaborates on the provisions that distinguish the Senate bailout package from the one that failed in the House:
An Alternative Minimum Tax (AMT) patch, a mental health parity bill, a package of tax break extensions, and tax breaks and relief for victims of natural disasters, specifically Hurricane [...]