In a surprise move to resurrect President Bush’s $700 billion Wall Street rescue plan, Senate leaders slated a vote on the measure for Wednesday — but added a tax cut plan already rejected by the House.
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The move to add a tax legislation — including a set of popular business tax breaks — risked a backlash from House Democrats insisting they be paid for with tax increases elsewhere.But by also adding legislation to prevent more than 20 million middle-class taxpayers from feeling the bite of the alternative minimum tax, the step could build momentum for the Wall St. bailout from House Republicans.
Senate to Vote on Bailout Today |
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| By: Ari Wednesday October 1, 2008 4:05 am | |



1 Comment







yesterday, reid made a statement on a unanimous consent agreement for the bailout legislation. i don’t think we can embed c-span video at oxdown, so here is the link to the c-span clip:
http://www.c-spanarchives.org/…..8&n=2
the schedule, as outlined by durbin on the senate floor is as follows:
my understanding of the unanimous consent agreement is that if the senate leaders have an agreement, senator dodd will introduce the legislation at some point after the debate on h.r.7081 and as reported the only amendment to be permitted is sanders’.
further details:
2.5 hours of debate (90 min of debate on dodd’s legislation, 60 min on sanders’ amendment)
sanders’ amendment is a voice vote
dodd legislation requires 60 votes to pass
it looks a little complicated to me, so here is the original text, in case i’ve gotten anything wrong:
from the daily digest, the agreement as published.