Following three hours of debate in the Senate that began inearly Wednesday evening, the measure passed by a vote of 74 to 25.This bill mimicked, in many ways, the version the Houserejected in that it is based around a plan for thegovernment to buy up toxic debt from beleaguered financialinstitutions.

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The Senate version, though, differs from the earlier measureconsidered by the House in that it includes several tax incentives.The end result is a price tag that will be higher than the originalfigure of $700 billion--but also a bill more likely to actuallypass.

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The bill, for instance, extends several renewable energy taxbreaks for both individuals and businesses. It also extends otherexpiring tax breaks, including an R&D credit for businesses andthe deduction of state and local sales taxes on individuals'federal returns. It also provides another year of relief from themuch-hated Alternative Minimum Tax, which pushes many middle classtaxpayers into a higher tax bracket.

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The centerpiece change in the Senate version, though, is atemporary increase in the Federal Deposit Insurance Corp.'s cap to$250,000 from $100,000. For all the angst over the concept of abailout--or as the Administration is now asking people to call it,rescue plan--there are few protesting this particular move.

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"Increasing this insurance is an excellent idea," Steve Pumper,executive managing director in Transwestern's Investment ServicesGroup, tells GlobeSt.com. "It may not impact all that manyindividuals, but it will have a big impact on smallbusinesses."

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