Skip this site's navigation and go to its main content

Receive Updates From Heritage

Receive Updates From Heritage

The Heritage Foundation
Leadership for America

Our Vision

Building an America where freedom, opportunity, prosperity, and civil society flourish.

About The Heritage Foundation

Founded in 1973, The Heritage Foundation is a research and educational institution—a think tank—whose mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense. We believe the principles and ideas of the American Founding are worth conserving and renewing. As policy entrepreneurs, we believe the most effective solutions are consistent with those ideas and principles.

1x1 000000

Host a Screening of Our Missile Defense Documentary

1x1 000000

Learn How New Health Care Policy Will Affect You

It Could Have Been Worse…

Posted January 24th, 2008 at 11:08am in Ongoing Priorities 0 Print This Post Print This Post

The Associated Press is reporting that Democratic and Republican lawmakers have reached a tentative deal today on a stimulus package. First the good news: the giveaway does not include money for food stamps, unemployment insurance benefits or infrastructure projects. Also, although it is not mentioned in the AP story, we hear the deal does include some pro-growth tax cuts including accelerated depreciation for businesses.

Now the bad: the give away does include $300 checks for everyone receiving a paycheck regardless of whether they pay income taxes or not. Also only individuals earning less than $75,000 and couples earning less than $150,000 are eligible.

Considering how eager Treasury Secretary Henry Paulson was to sign off on any deal, deficit hawks in Congress did a good job of keeping the overall damage to a minimum so far.

Tags: , , ,

Conn Carroll Author: Conn Carroll

You can leave a response, or trackback from your own site.

Related Posts

Leave a Comment

In order to leave a comment, you must supply information for all of the required fields below (which are indicated by bold text).

Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

You can follow any responses to this entry through the RSS 2.0 feed.