House Democrats want less tax cuts than what president-elect Obama proposed last week, according an $850 million economic stimulus plan unveiled today.
President-elect Obama will get a final piece of legislation to sign by February 13. Obama's proposal package was $775 billion.
The finished legislation could possibly reach nearly $1 trillion as lawmakers pile in their favorite provision, according to the Washington Post.
The proposal includes $550 billion in domestic spending and $275 billion in business and individual tax breaks, the Post reported. The tax breaks are about $25 billion less than Obama's proposal.
House majority leader Nancy Pelosi said the package about helping workers and protecting vital services.
It's about modernizing our roads, bridges, et cetera, education for the 21st century, tax cuts that make work pay and create jobs and lower -- as initiatives to lower healthcare costs and help workers who are hurt in this economy, and protect our vital services, Pelosi told reporters, according to the Hill.
Oh my God, said House Minority Leader John Boehner after seeing the package, according to the hill I just can't tell you how shocked I am at what we're seeing, that they're moving on this path of the flawed notion that we can borrow and spend our way back to prosperity,