President Obama says creating 4 million jobs is the most important part of his economic plan.
The Senate last night moved forward on the Stimulus Package, voting 61 to 36 to end debate and bring the measure on a vote today.
This procedural victory over the threat of a GOP filibuster -- called "invoking cloture" -- was possible when three Republicans crossed party lines to join the Democrats: Sens. Olympia Snowe (R., ME), Arlen Specter (R., PA) and Susan Collins (R., ME).
Next steps: Now the Senate Stimulus Package will return to the House, which will try to reconcile the new legislation with the measure they passed last week. Here's a look at the differences between the two packages:
* STATE AID: The Senate sliced $40 billion out of the House bill that would stabilize states, money that would "reduce pressure on states for layoffs and service cuts that economists say would undercut the efforts by the stimulus bill to create jobs and spur consumer spending and business investments."
* TAXES: The Senate bill includes $70 billion to prevent middle class families from having to pay the "alternative minimum tax," a tax designed to ensure wealthy Americans paid at least a minimum tax payment. However, "because Congress has made such an adjustment for years now, economists say the provision offers no new help to the economy."
* PROGRAMS: "The Senate bill does not include $19 billion for school construction included in the House bill, reduces health insurance subsidies for the unemployed, and scales back Mr. Obama's proposed middle class tax cut."
* HOUSES: "The Senate provides $35.5 billion for a $15,000 tax credit for purchasers of homes bought in the year after the bill takes effect. The House includes $2.6 billion and limits its smaller $7,500 credit to first-time homebuyers for homes purchased from Jan. 1, 2009 to July 1, 2009 and phases out the credit for couples making more than $150,000."
"So, you know, we can differ on some of the particulars, but again, the question I think that the American people are asking is: Do you just want government to do nothing, or do you want it to do something? If you want it to do something, then we can have a conversation," President Obama said in his first prime-time news conference last night, reiterating the urgency with which he wants Congress to act to begin the task of saving and creating more jobs. "But doing nothing -- that's not an option, from my perspective." (Read the transcript of the news conference including the reporter Q&A with the President here.)
As President Barack Obama travels to Florida today to talk up the passage of the stimulus, he's joined by a surprising ally: Florida Gov. Charlie Crist, who will introduce the president. Crist is one of four Republican governors openly supporting Obama's stimulus, including Arnold Schwarzenegger of California, Jodi Rell of Connecticut, and Jim Douglas of Vermont.
Watch live video coverage of Obama's townhall meeting in Fort Myers, FL today.







