Second Stimulus Package May Include More Tax Rebates
As the economic boost from the first stimulus package wanes, Democrats are hoping to inject new life into the U.S. economy through a second stimulus package. The Washington Post’s Lori Montgomery wrote earlier today:
House Speaker Nancy Pelosi said yesterday that she may call lawmakers back to Washington after the Nov. 4 elections to put together a new federal spending package worth as much as $150 billion in hopes of stimulating the nation’s flagging economy.
“We have some very harsh decisions to make and some of them can’t wait until January,” Pelosi (D-Calif.) told reporters at a health clinic in Denver. “We may have to go back into session before the next Congress.”
Montgomery pointed out that the new stimulus plan may include more tax rebates. She wrote:
Last month, the House approved $60 billion in new federal spending on infrastructure, food stamps, extended unemployment benefits and aid to state governments struggling to avoid cuts in Medicaid coverage. The new package could include a second round of tax rebates in addition to those provisions, according to a senior Democratic aide.
The House bill was blocked in the Senate, which could take it up when it returns to Washington on Nov. 17.
Stay tuned, folks…
Source:
“Pelosi Talks Stimulus”
Lori Montgomery
Washington Post, October 9, 2008
October 20th, 2008 at 9:12 pm
Many I am hearing are looking forward to a second shot in the arm of rebates. A large majority in lower lining areas were questioned on what they would be doing with their fair share. The over-whelming majority suggested that once again, they would try their hand to lady luck.
October 22nd, 2008 at 6:44 pm
Thanks for the comment FINELY TUNED AND POLISHED.
“The over-whelming majority suggested that once again, they would try their hand to lady luck.”
Not surprised at all…