Fresh Produce Discussion Blog

Created by The Packer's National Editor Tom Karst

Thursday, February 12, 2009

Stimulus plan...

Still waiting for details of what's in and out of stimulus plan relative to impact on the industry and feeding programs. Here is coverage of the deal from WSJ. The deal wasn't as big as House leadership wanted. From the WSJ:

Reducing the payroll-tax cut for workers by about 20% -- to $400 per individual or $800 per family -- also diminishes another element that was expected to help the economy in the first half of this year.

State and local governments, which generally face balanced-budget requirements, are confronting sharp budget cuts as revenues decline. Aid to state and local governments was pared by more than $30 billion, to $44 billion, in the latest stimulus agreement.

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