The Senate has taken the lead this time around in crafting a new bailout bill, the first of which was affectionately referred to by House Majority Leader John Boehner as a “crap sandwich” (and he was a supporter). The final roll call was 74 in favor, 25 against. Voting in favor were 39 Democrats, 34 Republicans, and 1 independent, including Sens. McCain, Obama, and Biden.
News reports are describing this new Senate bill as essentially the old House bill with “sweeteners” (Senate language for “lots of earmarks and pork”). Among the new yumminess (via The Corner) that turns this bill into what Miz Michelle calls “the crap sandwich with sugar on top:”
New Tax earmarks in Bailout bill
– Film and Television Productions (Sec. 502)
– Wooden Arrows designed for use by children (Sec. 503)
– 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)
Tax earmark “extenders” in the bailout bill.
– Virgin Island and Puerto Rican Rum (Section 308)
– American Samoa (Sec. 309)
– Mine Rescue Teams (Sec. 310)
– Mine Safety Equipment (Sec. 311)
– Domestic Production Activities in Puerto Rico (Sec. 312)
– Indian Tribes (Sec. 314, 315)
– Railroads (Sec. 316)
– Auto Racing Tracks (317)
– District of Columbia (Sec. 322)
– Wool Research (Sec. 325)
Senate Majority Leader Harry Reid, on the other hand, is touting the bill as “tax relief for the middle class,” rather than the less-marketable “subsidies for the wooden-arrow industry.”
So now it’s back to the House. Frankly, I am dying to see which House members change their votes from “no” to “yes” on this, and even more so to hear how they’ll justify it. Also a little curious as to whether some House members who held their noses for the first one will decide they’ve had it and refuse to vote for the same bill with pork/sugar added. Jake Tapper has more on the bill’s House prospects.