Looks like the Hill Democrats and the Obama team have put together the stimulus package. There are still $300 billion in tax cuts, although not the same tax cuts initially suggested. The Washington Post has the early details and we should see something more formal later today:
Congressional Democrats are putting the final touches on an economic stimulus package worth almost $850 billion, hoping to have the details ready in time for President-elect Barack Obama to promote it during a trip to Ohio tomorrow aimed at building public support for the recovery plan.
With its cost estimate almost tripling since shortly after Obama's November election victory, the stimulus package is expected to include at least $300 billion in tax cuts and nearly $550 billion in domestic spending, making the price tag of his first major legislative initiative almost equal to the annual cost of funding all federal agencies.
Democrats vowed to support the broad outlines of Obama's initial ideas, but they continued to alter the details of the plan. Support continued to slip for his tax-relief proposals for businesses -- which were initially intended to appeal to Republicans -- and preliminary spending plans showed that more than half of the new domestic spending would go to the states to provide budget relief for health, labor and education services.
