UPDATE: Senate Finance Stimulus Proposal Released

The Senate Finance Chair Max Baucus (D-MT) has now released the economic stimulus proposal that will be considered at Wednesday's Committee mark-up. For details and scores, see here later today. The proposal is along the lines described below, with these three main differences: --> It now includes an extension of the net operating loss (NOL) carryback for 2006 and 2007 by five years, back to 2001, from the two under current law. --> The total cost of the Finance package is $156 billion. This includes the UI and rebate or seniors provisions described below as well as the new NOL provision; it does not includes the cost of increased food stamp assistance, since this is outside the Committee's jurisdiction (it is expected to be taken up by Sen. Harkin (D-IA), Chair of the Agriculture Committee). --> The Baucus package adds only $10 billion in total to the House-Treasury $146 billion price tag. How? It lowers the amount of the per-person tax rebate in the House-Treasury plan from $600 to $500.
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