On the recordJune 6, 2006
let me simply explain that the Lowey motion to recommit will be with instructions to report it back forthwith to the House with an amendment adding an additional $750 million for State and local formula-based grants and high-threat, high-density urban area grants so that no State or urban area receives funding below which it received in 2005 or 2006, whichever is higher, and is offset by a 1.8 percent reduction in the tax reduction resulting from the enactment of Public Laws 107-16, et cetera, for taxpayers with incomes in excess of $1 million for calendar year 2007.
Source
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