Wednesday, June 14, 2006

HOORAH, a Plan and a Good One

The Democrats' plan would increase the minimum wage to $7.25 an hour from $5.15, grant authority to the secretary of Health and Human Services to negotiate lower prescription-drug prices with pharmaceutical companies for those in Medicare's drug program and cut student-loan interest rates -- rising to 6.8% in July -- by half.

The agenda also calls for enacting recommendations of the 9/11 Commission, formed after the 2001 terror attacks, to boost national security and funding for it, and for eliminating about $18 billion in tax breaks and subsidies for oil companies. Pelosi said savings would go to develop alternative fuels.