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Lobbyists Lard Up Senate Stimulus

Tax benefits for ag, pharmaceuticals inserted into bill

By Gabriel Winant,  Newser User

Posted Feb 3, 2009 10:28 AM CST

(Newser) – With the Senate debate on its stimulus bill cranking up today, interest groups are scrambling to extract their pound of flesh. The Wall Street Journal reports that lobbyists have already helped swell the total to $885 billion, in many cases with small changes in wording and technical definitions. For example, Florida citrus farmers and California wine growers are seeking, with a tiny change, to be able to more quickly depreciate new fields.

A coalition of companies—pharmaceutical, high-tech, and multinational—are pushing for a tax holiday for their overseas profits. And unions are hoping that green technology projects created by Congress are structured to create good jobs, with good pay and benefits. GOP critics say two-thirds of the spending in the bill is waste; Democratic Sen. Max Baucus says the bill “has been carefully crafted to produce meaningful improvements to our economy.”

Senate Democratic leaders discuss the stimulus package.
Senate Democratic leaders discuss the stimulus package.   (AP Photo/Charlie Riedel, File)
In this July 24, 2008, file photo the Atchison County Courthouse is dwarfed by a wind turbine in Rock Port, Mo. The Senate may move to expand wind energy.
In this July 24, 2008, file photo the Atchison County Courthouse is dwarfed by a wind turbine in Rock Port, Mo. The Senate may move to expand wind energy.   (AP Photo/Charlie Riedel, File)
Senate Minority Leader Mitch McConnell discusses the Republican position on the stimulus.
Senate Minority Leader Mitch McConnell discusses the Republican position on the stimulus.   (AP)
Celestino Galindo Dominguez works at a citrus farm in Arcadia, Fla. in this May 11, 2007 file photo. Florida citrus is lobbying for tax benefits in the stimulus.
Celestino Galindo Dominguez works at a citrus farm in Arcadia, Fla. in this May 11, 2007 file photo. Florida citrus is lobbying for tax benefits in the stimulus.   (AP Photo/Lynne Sladky, file)
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COMMENTS
Showing 3 of 11 comments
Guest
Feb 4, 2009 5:55 AM CST
Just like Lays potato chips, Spend all you want we'll just print more. There's a very good reason our founding fathers believed in the de facto gold standard.
Guest
Feb 4, 2009 3:32 AM CST
Tax those overseas profits. Hell, double tax those!
Guest
Feb 3, 2009 10:38 PM CST
He's not in the bill. No Republicans are, P OB said "I WON" and the Dems keeps everything the Republicans wanted out of the bill.

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