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Senate Pitches Rival Stimulus Package

Posted Jan 29, 08 8:30 AM CST in Politics,  Business    Most Covered

(Newser) – The Senate has unveiled its own economic stimulus package, challenging the plan agreed to between House leaders and the White House. The Senate plan would give $500 to almost all Americans, rich and poor, and would extend unemployment benefits to the jobless, reports the Washington Post. Senators are also likely to add heating cost assistance, foreclosure-prevention funding, business tax incentives, and other benefits.

"Rebates for seniors and payroll taxpayers, and tax relief for struggling businesses will put more cash into the economy right away," said Finance Committee chairman Max Baucus. President Bush warned in his State of the Union speech that loading up the economic stimulus package "would delay it or derail it, and neither option is acceptable."

Source Washington Post

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House Minority Leader John Boehner, accompanied by Treasury Secretary Henry Paulson and House Speaker Nancy Pelosi discusses a bipartisan economic stimulus package. The Senate has come up with a rival...   (Associated Press)
Senate Finance Committee Chairman, Sen. Max Baucus has unveiled details of a rival economic stimulus package. (AP Photos/Susan Walsh)   (Associated Press)
President Bush delivers the State of the Union address. He warned tinkering with the economic stimulus package would eelay it or derail it. (AP Photo/Tim Sloan, Pool)   (Associated Press)
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George W. Bush  • US economy  • stimulus package  • tax breaks  • tax rebate  • Senate Finance Committee  • Max Baucus  • incentives


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Related Threads: Is It Recession?, Stimulus Package

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