This just in from CongressDaily:
House and Senate leaders have struck a tentative deal on a stimulus package with a top-line figure of $789.5 billion, Democratic aides said this morning. The overall mix of funding and tax provisions remains to be hashed out. One disappointment for President Obama is likely to be a scaled-back “Making Work Pay” tax credit of $400 for individuals and $800 for married couples, which falls short of his goal of $500 and $1,000. But those figures would still meet Obama’s goal of providing a tax credit to 95 percent of working families. Conferees are scheduled to meet at 3 p.m. today, although that will largely be a formality. Democratic aides said House Speaker Pelosi intends to bring the bill to the floor Thursday, followed by Sente passage Friday.
House GOP staff have blown the whistle on the backroom wheeling and dealing that froze out the GOP conferees:
It appears that Pelosi and Reid staff met all through the night in secret with Democratic conferees’ staff to cobble together the “stimulus” conference report. Republican conferees were frozen out.
The objective appears to be to produce a final conference report on the trillion-dollar spending bill by this afternoon so that floor action can take place in both chambers by Thursday.
They intend to ram this trillion-dollar spending bill through with as little debate and scrutiny as possible.
The House voted unanimously yesterday in support of a Republican measure stating that the American should have 48 hrs to review the bill prior to passage. Will Democrats follow through? Or will they do the opposite of what they voted to do yesterday?
RedState has more details from GOP Rep. Tom Price on the freeze-out.
Most ethical, bipartisan, transparent Congress ever, right?