TITLE

Senate OKs $20B State Aid Hike During Tax Package Votes

AUTHOR(S)
Duff, Susanna
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/16/2003, Vol. 344 Issue 31637, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the rejection of amendments to $350 billion tax cut package by the U.S. Senate, that would have raised federal aid to state and local governments to as much as $40 billion and allowed them to do one additional advance refunding. The amendment would have allowed states and local governments to do one additional advance refunding within two years and would have given states and localities $19.5 billion in block grants and $10 billion in federal aid for Medical aid. The Senate rejected, 54 to 46, the Democrats' alternative stimulus package offered by Senate Minority Leader Thomas Daschle of South Dakota that would have provided $40 billion in state aid over 10 years.
ACCESSION #
9893100

 

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