{"id":363808,"date":"2010-02-25T12:00:21","date_gmt":"2010-02-25T17:00:21","guid":{"rendered":"tag:business.theatlantic.com,2010:\/\/3.36594"},"modified":"2010-02-25T12:45:30","modified_gmt":"2010-02-25T17:45:30","slug":"what-does-the-next-stimulus-look-like","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/363808","title":{"rendered":"What Does the Next Stimulus Look Like?"},"content":{"rendered":"<p>The $15 billion jobs bill the Senate passed Wednesday, which exempted businesses from payroll taxes and included some highway funding, was designed as the first in a string of bills designed to address the nation&#8217;s unemployment rate.<\/p>\n<p>Now, Senate Majority Leader Harry Reid is planning to introduce a second bill that will include an extension of unemployment insurance benefits, state Medicaid funding, a slew of extensions of tax credits and expiring programs, an extension of COBRA, Medicare physician payment update, and small business loan guarantee enhancements, according to copies of the bill obtained by The Atlantic.<\/p>\n<p>Reid&#8217;s office has not confirmed the bill&#8217;s contents.<\/p>\n<p>The second bill, which is more ambitious and will likely cost more than<br \/>\nthe first, also includes a one-year extension of PATRIOT Act provisions<br \/>\nand satellite TV licensing, plus an extension of disaster relief<br \/>\nfunding.<br \/>\nThe majority leader had previously <a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2010\/02\/23\/AR2010022302510.html\">voiced support<\/a><br \/>\nfor passing state Medicaid funding and extending unemployment<br \/>\ninsurance, in a speech on the Senate floor. The new jobs bill extends<br \/>\nan increase in state Medicaid funding originated under the $787 billion<br \/>\nstimulus package.<\/p>\n<p>Reid will likely introduce the bill as early<br \/>\nas next week, though no time frame has been confirmed with Reid&#8217;s<br \/>\noffice. See a copy of the bill in .pdf format here: <a href=\"http:\/\/politics.theatlantic.com\/Jobs%20bill.pdf\">Jobs bill.pdf<\/a><\/p>\n<p>The<br \/>\nmajority leader has said he plans to roll out jobs legislation as a<br \/>\nstring of bills, the first of which was passed by a 70-28 margin on<br \/>\nWednesday. That $15 billion package, introduced by Reid, included<br \/>\nhighway funds, small business tax write-offs, and an exemption on<br \/>\nSocial Security payroll taxes for businesses who hire new workers.<\/p>\n<p>The<br \/>\nnew bill includes most of the remaining provisions from the bill rolled<br \/>\nout by Sens. Max Baucus (D-MT) and Chuck Grassley (R-IA), the chairman<br \/>\nand ranking member of the Senate Finance Committee, on Feb. 11 (list of<br \/>\nprovisions <a href=\"http:\/\/finance.senate.gov\/press\/Bpress\/2010press\/prb021110a.pdf\">here<\/a>).<\/p>\n<p>Hours<br \/>\nafter Baucus and Grassley unveiled their bipartisan $85 billion bill,<br \/>\nReid pared it down to $15 billion, stripping most of its provisions<br \/>\nexcept the items above.<\/p>\n<p>The<br \/>\nnew bill contains certain offsets, including an exclusion of some types<br \/>\nof cellulosic ethanol from tax credits and modifications to the<br \/>\nhomebuyer tax credit; it exempts much of its contents from the Senate&#8217;s<br \/>\nstatutory pay-as-you-go rules (commonly known as pay-go, which the<br \/>\nSenate <a href=\"http:\/\/thehill.com\/blogs\/blog-briefing-room\/news\/78533-senate-passes-paygo-rule-in-party-lines-vote\">reinstituted<\/a> Jan. 28) as emergency spending.<\/p>\n<p>It does not yet have a score to determine how much it will cost.<br clear=\"both\" style=\"clear: both;\"\/><br \/>\n<br clear=\"both\" style=\"clear: both;\"\/><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:92e1abb86715747cf5551ff072af247a:gRTvG3PRtkn8ORrrYRJYFNmlQcgCBTxt2YnICMAXI%2FdAsgeV1AqDeqI7Z%2F1%2F35dGgqxJ9a16dlEf'><img border='0' title='Email this Article' alt='Email this Article' src='http:\/\/images.pheedo.com\/images\/mm\/emailthis.png'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:438205a33005e1aff3363df3fa62d831:xvynjrOHVd7mO0I9AoyLKdwBByfuPVtOBtHzdrI78E5gfFWjp8SD9sm3f1gLp9vrxbS9Mnvu9Jn8'><img border='0' title='Add to digg' alt='Add to digg' src='http:\/\/images.pheedo.com\/images\/mm\/digg.gif'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:b98792d613066df1a6f4ee82e9f1bfdf:B6LA3htFxj%2Bu8pODPWuZx2kAdQI%2FqGIZNwdrL3oT3rnwoy1ltOtlu7h%2FTqVPkRvXGznhTyxJkNKA'><img border='0' title='Add to Reddit' alt='Add to Reddit' src='http:\/\/images.pheedo.com\/images\/mm\/reddit.png'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:e17dd154c203c882de84c47892501d7e:%2B8oBhdSlsAy5Fa7Y4HwRqWMl8Dt%2Fr5LgzEd3VkzRrsnV%2Fi181h1TobHusGPWx%2ByaO8XdUlgK815iMg%3D%3D'><img border='0' title='Add to Twitter' alt='Add to Twitter' src='http:\/\/images.pheedo.com\/images\/mm\/twitter.png'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:e528c3a8c55aeb208c2b4b80b20c990a:Co4yneQ0WeCoN95Dum2aoFJY1AMkFWe5ecwl9tokv3iMk4BVTcrdcCPHbL%2FFImHEULwXkOKzkK7S'><img border='0' title='Add to del.icio.us' alt='Add to del.icio.us' src='http:\/\/images.pheedo.com\/images\/mm\/delicious.gif'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:1ce9027ad986ed772b158c5d989d37d0:bFWgFEVXl8tce1ZJ6RfwzetJ0L%2BxJm9aRx3zAOB74n8%2BrLzEN4acY7K3ws1R7hqBcP3jnyWQhF33GQ%3D%3D'><img border='0' title='Add to StumbleUpon' alt='Add to StumbleUpon' src='http:\/\/images.pheedo.com\/images\/mm\/stumbleit.gif'\/><\/a><br \/>\n  <a style='font-size: 10px; color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:d67cf0eedd549248e5a87b9744ebd186:t6V6qx0Ibm24TN1BMPFroFNNhTFHkI71ImP3vj58t%2Fnqy7x5jKbTLLe8Uw17%2Bb5x%2FbaqyYAq5U0YyA%3D%3D'><img border='0' title='Add to Facebook' alt='Add to Facebook' src='http:\/\/images.pheedo.com\/images\/mm\/facebook.gif'\/><\/a><br \/>\n<br clear=\"both\" style=\"clear: both;\"\/><br \/>\n<a href=\"http:\/\/ads.pheedo.com\/click.phdo?s=80aa7a434a4c3789f33dab043a219a55&#038;p=1\"><img decoding=\"async\" alt=\"\" style=\"border: 0;\" border=\"0\" src=\"http:\/\/ads.pheedo.com\/img.phdo?s=80aa7a434a4c3789f33dab043a219a55&#038;p=1\"\/><\/a><br \/>\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"0\" width=\"0\" border=\"0\" style=\"display:none\" src=\"http:\/\/a.rfihub.com\/eus.gif?eui=2225\"\/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/AtlanticBusinessChannel\/~4\/9e5LVTrTCWU\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The $15 billion jobs bill the Senate passed Wednesday, which exempted businesses from payroll taxes and included some highway funding, was designed as the first in a string of bills designed to address the nation&#8217;s unemployment rate. Now, Senate Majority Leader Harry Reid is planning to introduce a second bill that will include an extension [&hellip;]<\/p>\n","protected":false},"author":5681,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-363808","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/363808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/5681"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=363808"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/363808\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=363808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=363808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=363808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}