|00:00:01||A CHANCE TO HAVE AN AMENDMENT TO PAY FOR THIS OUT OF THE STIMULUS.|
|00:00:07||I DON'T THINK THAT WE HAVE TALKED ENOUGH ABOUT WHAT IS LEFT OF THE STIMULUS MONEY AND WHAT IT'S FOR.|
|00:00:17||AND IT'S MY UNDERSTANDING -- AND CORRECT ME IF I'M WRONG -- THAT IT'S MY UNDERSTANDING THAT A BIG CHUNK OF THE STIMULUS THAT'S LEFT IS IN FACT FOR TAX CUTS FOR WORKING FAMILIES.|
|00:00:32||THAT THAT IS IN FACT, BECAUSE THE TAX CUTS WERE A TWO-YEAR PERIOD.|
|00:00:36||THAT WAS ABOUT A THIRD OF THE MONEY, AND ONLY HALF OF THAT HAS BEEN PAID OUT BECAUSE WE'VE ONLY BEEN THROUGH A YEAR OF THE STIMULUS.|
|00:00:42||SO WE STILL HAVE PHOEPBL WAITING TO GO OUT -- MONEY WAITING TO GO OUT IN THE FORM OF TAX CUTS TO 95% OF AMERICA.|
|00:00:49||IN FACT, THE EXACT OPPOSITE FOLKS THAT GOT THE TAX CUTS UNDER GEORGE BUSH.|
|00:00:56||IS THAT MY UNDERSTANDING ABOUT ABOUT WHAT REMAINING IN THE TREASURY?|
|00:01:02||MR. DURBIN: I THINK THE SENATOR IS CORRECT.|
|00:01:05||IT'S INTERESTING INTERESTING THAT THOSE WHO ARE OBJECTING NEVER ACKNOWLEDGED THAT A THIRD OF THAT WHOLE PACKAGE WAS IN TAX CUTS WHICH IS THE HOLY GRAIL FOR THE REPUBLICAN SIDE OF THE AISLE, TAX CUTS TO WORKING FAMILIES.|
|00:01:19||MS. McCASKILL: FOR WORKING FOLKS NOW.|
Mrs. McCASKILL. I think it was. Reconciliation only lasts for so long and then they sunset. I think that was one of those things where a massive amount of government liability was incurred through reconciliation at that time.
Let me also ask a couple questions about the stimulus. I know the Senator from Kentucky was offered a chance to have an amendment paid for by the stimulus. I don't think that we have talked enough about what is left of the stimulus money and what it is for. It is my understanding--and correct me if I am wrong--that a big chunk of the stimulus that is left is in fact the tax cuts for working families.
In fact, the tax cuts were a 2-year period. So, of course, that was about one-third of the money, and only half of that has been paid out because we have only been through a year of the stimulus. We still have money waiting to go out in the form of tax cuts to 95 percent of America--in fact, the exact opposite folks who got the tax cuts under George Bush.
Is that my understanding about what is remaining in the Treasury as it relates to stimulus?