The bill includes a $30 billion fund to increase access to lending for small businesses, and $12 billion in tax cuts. It also sets off debate on whether to extend the Bush tax cuts to more than the just 'middle class.'
House Republican leader John Boehner called on President Obama Wednesday to fire his economic team. But his comments also offered a glimpse of what the would-be House Speaker might do differently if the GOP retakes the House in November.
The Senate has so far failed to pass an estate tax bill, allowing the tax to expire this year. Two new proposals, though, aim to reintroduce the estate tax and could generate billions in revenues.
Many Republican and Democratic lawmakers say the economy is still too fragile to let the Bush tax cuts expire this year. President Obama, however, pledged to end tax cuts for anyone earning $250,000 or more.
Once Democrat Carte Goodwin is sworn in Tuesday to replace the late Sen. Robert Byrd, Senate Democrats will have the votes to try again to extend unemployment insurance to the jobless.
If the health care reform vote succeeds today, the $940 billion bill would be the biggest change to domestic policy in a generation. The rich and the health industry would pick up most of the tab.