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Stimulus Likely To Be Recipe for Paralysis

Posted Jan 23, 08 2:41 PM CST in US,  Business,  Politics 

(Newser) – Get ready for that glow to wear off: The good feeling on Capitol Hill over a stimulus package will end as soon as the first deal is done, with Republicans and Democrats digging in on various economic cures. The next legislative round, Politico reports, will likely see GOPers fighting to extend tax cuts and Dems pushing a huge infrastructure package.

While top Republicans aim to slash corporate and estate taxes, their colleagues across the aisle are looking to spend more—eyeing highways, transit, the environment, and unemployment insurance. New support is growing on the left for bankruptcy and lending reforms opposed by President Bush, and anti-trade sentiment among Democrats seems certain to irk GOP lawmakers.

Source Politico

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House Speaker Nancy Pelosi, right, and House Majority Leader Steny Hoyer, left, speak to reporters at the White House, Tuesday, Jan. 22, 2008, in Washington, after meeting with President Bush about the...   (Associated Press)
Senate Majority Leader Harry Reid, right, House Speaker Nancy Pelosi, second from left, House Majority Leader Steny Hoyer, center,and Sen Joseph Lieberman, I-Conn., left, speak to reporters at the White...   (Associated Press)
President Bush, center, flanked by House Speaker Nancy Pelosi of Calif., left, and Senate Majority Leader Harry Reid of Nev., meets with Congressional leaders to discuss the economy, Tuesday, Jan. 22,...   (Associated Press)
House Speaker Nancy Pelosi of Calif., right, hosts a meeting with Treasury Secretary Henry Paulson, Tuesday, Jan. 22, 2008, on Capitol Hill in Washington. (AP Photos/Susan Walsh)   (Associated Press)
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George W. Bush  • Congress  • US economy  • Nancy Pelosi  • taxes  • housing  • trade  • economic stimulus  • stimulus package  • partisanship


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