Speaker Pelosi expects the draft of the major economic stimulus bill to be introduced late this week, and Capitol Hill talk now puts the price range of the legislation in the range of $800 billion to $850 billion. Michigan Senator Carl Levin is pushing for inclusion of $1 billion for development of better batteries for electric cars. Wisconsin Representative Ron Kind of the Ways and Means Committee expects a one year alternative minimum tax patch to be included, and the debate continues about whether or not to exclude financial institutions receiving TARP assistance from the tax loss carry back extension to five years.
Meanwhile, Michigan Senator Debbie Stabenow and Maine Senator Olympia Snow are cosponsoring Senate Bill 179 providing grants to hospitals with a large proportion of Medicare, Medicaid and SCHIP patients for computerization of their patient medical records.
President Bush, at the urging of president elect Obama, has requested release of the remaining $350 billion in TARP funds, and House Financial Services Chairman Barney Frank is expected to introduce a bill Wednesday requiring $40 billion of that money to be used for foreclosure relief, and to require banks getting TARP assistance to get rid of private aircraft they own or lease.
There is some discussion of using a portion of the infrastructure construction stimulus finding for repair and replacement of family housing and school buildings on European bases of American armed forces, but according to Pentagon sources the total needed in Europe will be less than a billion dollars out of the anticipated $110 billion in direct construction spending, so the impact of this diversion would be minimal as far as the construction industry is concerned.
Meanwhile, Michigan Senator Debbie Stabenow and Maine Senator Olympia Snow are cosponsoring Senate Bill 179 providing grants to hospitals with a large proportion of Medicare, Medicaid and SCHIP patients for computerization of their patient medical records.
President Bush, at the urging of president elect Obama, has requested release of the remaining $350 billion in TARP funds, and House Financial Services Chairman Barney Frank is expected to introduce a bill Wednesday requiring $40 billion of that money to be used for foreclosure relief, and to require banks getting TARP assistance to get rid of private aircraft they own or lease.
There is some discussion of using a portion of the infrastructure construction stimulus finding for repair and replacement of family housing and school buildings on European bases of American armed forces, but according to Pentagon sources the total needed in Europe will be less than a billion dollars out of the anticipated $110 billion in direct construction spending, so the impact of this diversion would be minimal as far as the construction industry is concerned.
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