Collins-Nelson Group Wants Upwards Of $80B Slashed From Stimulus

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Sens. Ben Nelson (D-NE) and Susan Collins (R-ME) have come up with a list of about $100 billion* in programs they want slashed from the stimulus package, according to a working draft of a staff paper outlining the cuts. The linked document includes a list of $77.9B. But an aide to Sen. Nelson tells TPMDC that the latest negotiations come closer to the $100B mark.

Among the biggest cuts under discussion: $24.8 billion in state stabilization money for education, which was intended to plug existing budget holes; $15 billion in state incentive grants for education; and $1.4 billion for the National Science Foundation, which is wracked by a porn-viewership flap. Pell Grants were the biggest program to survive the debate over cuts, with $13.9 billion staying intact.

Senate Democratic leaders are likely to bring this package up for a floor vote today, aiming to achieve a filibuster-proof margin in support of these cuts before pushing to pass the entire stimulus by day’s end. Hang onto your hats.

*Late Update: It’s important to note that the list is a working draft. Negotiations on which programs to cut or save are moving so rapidly that the list is best viewed as a guidepost for what spending trims are being eyed by Nelson and Collins’ centrist alliance, which unofficially includes upwards of a dozen senators at this point.

“They’re looking at further cuts in addition to what you see on that,” a Nelson spokesman told me, estimating that the current total in sliced spending is now closer to $100 billion. He declined to confirm which elements of the cut list have been removed or increased in size.

With Senate Majority Leader Harry Reid (D-NV) aiming to pass the stimulus before tomorrow, the final list of cuts could come to a vote within the next several hours.

Later Context Update: No matter what you think of the worthiness of the programs Nelson and Collins want to slice, their political goal is clear — getting enough support to bring the stimulus bill out of reach of a GOP filibuster.

After meeting with President Obama, Collins said she has his support for a bill in the neighborhood of $800 billion. Since the stimulus is topping out above the $900 billion mark now, that would mean that the Nelson-Collins cuts have become the best hope for getting the recovery plan over the finish line.

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