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Moderates Reduce Plan | Tax Cut Size Debated

A group of moderates and deficit hawks from both sides of the aisle are attempting to reduce the scale of the administration's proposed tax cut package. The House and Senate markup sessions are expected to be completed by Thursday evening of this week, so the centrist Senators will have to reach consensus on a final number for their budget goal before the resolution heads for the floor. They're currently aiming around the $350 billion mark, almost half of the 726 billion dollar cut the administration is seeking, which would bring the total tax cut up to $1.6 trillion. Despite the new CBO numbers out late last week, the real question about a stimulus package of any size now seems to be "how much?"