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Finance Committee Approves $66.4 Billion Stimulus Package

Monday, November 12, 2001 - 8:00AM

The Senate Finance Committee last week approved the “Economic Recovery and Assistance for American Workers Act of 2001,” a Democrat-sponsored $66.4 billion economic stimulus package. The House last month approved House Resolution 3090, the $100 billion Republican stimulus plan, which would repeal the corporate alternative minimum tax and could stimulate demand for tax credits and tax-exempt bonds. President Bush has requested that Congress reach an agreement for an economic stimulus package by month’s end.

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