Here are just a few items from the Senate’s bailout package:
• The FDIC deposit insurance limit would increase from $100,000 to $250,000 through 2009.
Because encouraging people to spread their risk around just now would be wrong.
• The bill would provide tax relief to victims of recent natural disasters.
Because not enough Texans were on board.
• An AMT “patch” to gloss over the AMT’s “bracket ratchet” for a while longer.
About time, although it doesn’t go far enough. The Senate deserves some mild applause for this move, but few will notice with all the rest of the clutter.
• Mandate some mental health coverage.
Because you’d have to be insane to vote for this thing.