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Add-ons to Financial Bailout Bill - White House Press Briefing by Tony Fratto 10/1/08
— Wednesday, October 01, 2008 —
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Q Tony, is the White House concerned at all about the possibility of losing votes in the House because of the add-ons in the Senate bill?

MR. FRATTO: Right now we're focused on the Senate. We think the modifications are helpful and will help to achieve passage in the House.

Q Didn't you want a clean bill, though? You didn't want a lot of add-ons and you're ending up with add-ons.

MR. FRATTO: Well, we didn't want a lot of add-ons. We didn't want things that we felt would be harmful to the economy. But since we started working with the Congress 10 days ago on the actual legislation, we've made a number of changes and modifications. The things that are being added on right now, on the tax extenders, these are things that we have all supported. In fact, both Houses support extending the tax credits for renewable energy; both support AMT reform. There's a dispute in terms of whether they should be offset, and of course, we have opposed increasing taxes to pay for fixing a problem in the tax code. And the FDIC decision has been a recent one that we think will garner some additional support.

So, yes, look, this is not -- it's never a straight line in trying to get legislation like this, and we're very appreciative of the Senate's efforts to try to develop this legislation in a way that will be successful.


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