This Senate Bill is 100% BULLSH*T!
The higher limit for insured bank deposits sought by the Federal Deposit Insurance Corp., which asked to raise the cap to $250,000 from $100,000, to quell opposition by individual and small-business depositors.
Tax breaks for businesses and alternative energy, part of a package that has been caught in a stalemate in the House of Representatives. The Senate version of the gridlocked tax legislation would cost more than $100 billion and extend and expand many individual and business tax breaks, including tax credits for the production and use of renewable energy sources, like solar energy and wind power, the Times said.
It would also extend the business tax credit for research and development, expand the child tax credit, protect millions of families from the alternative minimum tax and provide tax relief to victims of recent floods, tornadoes and severe storms, according to the Times..
Now WTF does any of that have to do with the Banking and Wall Street problems. Answer: N-O-T-H-I-N-G. And it sure won't help a small business get a loan next week to meet a payroll. Or John Doe get a car loan.
If this pos gets to the House it should be rejected outright by every Republican.
The Senate pulled the same baloney after the House passed the Real ID ACT and measures to secure our borders. They took that and turned it into the McCain-Kennedy-Bush shamnesty bill, aka Comprehensive Immigration Reform. The Bill was 180o from what the House passed.
It's like the senate exists in some alternate universe.