House and(Likely?) Senate Approval of Pretty Good Stimulus Transparency

UPDATE: The Senate has approved the bill 60-38.

UPDATE 2 (2/17/2009): President Obama has signed ARRA into law.

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AMT in Stimulus Forces Better Tax Provisions Out

At Tax Vox, Howard Gleckman casts righteous aspersion on Congress's decision to include of an AMT patch in the stimulus bill.

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Coalition for an Accountable Recovery

The Coalition for an Accountable Recovery was formed to promote accountability policies for both government agencies and companies that contract with or benefit from recovery spending. Seizing 21st technology tools and precedents from states and cities, taxpayers deserve transparency and accountability in all new recovery efforts.

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Senate Approves Stimulus; AMT Patch Hitches a Ride

After a contentious debate period, the Senate voted (61-37) last night to end debate on the American Recovery and Reinvestment Act of 2009 (HR 1), or "ARRA." Today, the Senate moved to approve the bill, with an identical vote tally.

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Coalition Forms to Demand Accountability in Economic Recovery

OMB Watch has joined more than 30 other groups from across the political spectrum in a new coalition demanding stronger transparency requirements in any stimulus efforts conducted by the government. The Coalition for an Accountable Recovery was formed to promote accountability policies for both government agencies and companies that contract with or benefit from recovery spending.

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House Approves $819 Billion Stimulus Bill

With nary a vote from the Republican side of the aisle, House Democrats approved a gigantic spending and tax package 244-188. The American Recovery and Reinvestment Act of 2009 (HR 1) calls for some $544 billion in spending, including a $3 billion transit provision added as amendment, and $275 in tax cuts.

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First Look at House Stimulus Legislation

Update:
The House Appropriations Committee has released the legislative text of the stimulus bill.

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AMT as Economic Stimulus? That's Just Crazy!

Yesterday afternoon I came across a crazy headline in the CQ Midday Update email we get here at the Budget Brigade and I had to read it twice because I couldn't believe it. "AMT 'Patch' May Be Added to Economic Recovery Package," it read. Hmmm...that just seems crazy, totally crazy. What exactly does patching the Alternative Minimum Tax have to do with economic recovery? I'll tell you - absolutely nothing.

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PAYGO in a Sour Economy

House Majority Leader Steny Hoyer (D-MD) provides us with a teaching moment (BNA [$]):

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