Jan 15

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Democrats Unveil $825B Stimulus Plan

House Democrats on Thursday released an $825 billion economic rescue plan that aims to alleviate the economic downturn through a combination of $550 billion in spending and state aid, and $275 billion in tax cuts.

The Senate approved a $330 billion compromise tax cut Friday morning that included a reduction of taxes on stock dividends and capital gains, $1,000 child tax credits and a reduction of the so-called marriage penalty tax.