WashingtonWatch.com Digest – November 24, 2008
Posted by Jim Harper, November 24, 2008 at 10:00 am
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Congress returned for a lame-duck session last week, planning to consider an economic stimulus plan, but consensus did not come together.
An economic stimulus bill was introduced in the Senate. S. 3689, the Economic Recovery Act of 2008 proposed to spend about $750 per U.S. family on various programs thought to stimulate the economy.
These included funding for highways and other transportation, energy programs, school renovation, and clean water. The bill would also have increased Medicaid payments to states.
This bill also included an extension of unemployment benefits. When it did not pass, Congress passed a freestanding extension, which the president signed.
No cost estimate is yet available for Public Law 110-449, the Unemployment Compensation Extension Act of 2008. The new law extends unemployment benefits by at least seven weeks in every state, and by 13 weeks in states with unemployment rates of at least 6%.
S. 3689
The Economic Recovery Act of 2008
Costs $766.21 per family
P.L. 110-449
The Unemployment Compensation Extension Act of 2008
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Displayed below are new, updated, and passed items with their cost or savings per family.
New Items
H.R. 4854
The False Claims Act Correction Act of 2007
Costs $0.00 per family
H.R. 7112
The Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2008
Costs $4.68 per family
S. 3689
The Economic Recovery Act of 2008
Costs $766.21 per family
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Updated Items
P.L. 110-428
The Inmate Tax Fraud Prevention Act of 2008
Costs $0.03 per family
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Passed Items
P.L. 110-449
The Unemployment Compensation Extension Act of 2008
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