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Monday, April 28, 2008
DAILY FISCAL POLICY REPORT -- April 27, 2008
Stimulus 1.0 -- First Checks Going Out Today: The first of 130 million tax "rebate" checks provided under the first stimulus package signed in February will be going out today, earlier than previously announced. The rebates - up to $600 for an individual, $1,200 for a couple and an additional $300 for each dependent child are the biggest part of $168 billion stimulus. Story.
War Supplemental -- Bill Could Top $200 Bn.: According to BNA ($), the House is mulling a war funding bill that would include the remainder of the president's FY 2008 request ($108 billion), his FY 2009 partial-year request ($70 billion), and some $15 billion in domestic spending that may include an extension of unemployment benefits and increased funding for a childhood nutrition program.
Taxes -- Senate Panels Agree on FAA, Highway Package: Leaders of the Senate Finance and Commerce Committees announced late Friday an agreement on a tax package to boost funding for the Federal Aviation Administration and ensure solvency for the Highway Trust Fund. Among the provisions are a "truth in passenger tax disclosures" provision to prevent airlines from presenting fuel surcharges as government taxes and tax credit bonds for rail infrastructure. The package has not yet been scored. American Infrastructure Investment and Improvement Act.
Posted by Dana Chasin
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