Democrats Indicate Areas of Compromise on Stimulus

The broad outlines of how the Obama administration’s near-trillion dollar stimulus package may change in the Senate began to become visible on Sunday, with Democratic senators indicating that they would be open to considering Republican amendments to the bill, particularly in the areas of housing and infrastructure spending.

By SHARON OTTERMAN
The New York Times

Senator Charles E. Schumer, Democrat of New York, said that Senate Democrats were interested in considering Republican proposals to do more to help the sputtering housing market, including instituting a $15,000 tax credit for all home buyers.

“One of the Republican proposals is to raise the $7,500 tax credit we give to new home buyers, raise it to up $15,000 and do it for all home buyers,” Senator Schumer said on CBS’s “Face the Nation.” “That’s something that we look favorably upon.”

Mr. Schumer, who is a member of the Finance Committee, also said he was also interested in passing legislation aimed at getting mortgage rates down to 4.5 percent, although he said he thought that might go in the next part of the bailout measure approved by Congress last year, not the stimulus package.

He added, “I think we will get real agreement on the housing part.”

Related:
 Obama Week 3: Senate Poised to Defeat Stimulus?

Read the rest:
http://www.nytimes.com/2009/02/02/
us/politics/02web-talkshows.html?_r=1&hp

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