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When a small group of senators announced late Friday that they had reached a compromise on the economic stimulus bill, the headlines were that an amendment from Sens. Susan Collins and Ben Nelson would cut over $100 billion from the cost of the Senate version of the bill.
"We've trimmed the fat, fried the bacon, and milked the sacred cows," Nelson said in a statement.
Followed by Collins saying, "These are not minor adjustments, but major changes."
Here is some of the spending that appear to be taken out of the stimulus plan by the compromise:
If you want to parse the language for yourself, the Senate Appropriations Committee posted the text of the Collins Nelson Amendment on its site on Monday. (Fair warning, it's a 778-page PDF.)
If the Senate passes the stimulus bill--which it is expected to because of the support of Republicans Collins and Sen. Arlen Specter--the House and Senate will have to go back and work out the differences between their versions. The Senate's price tag will likely be $827 billion and the House's current total was $819 billion, according to the New York Times.
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