House Minority Leader John Boehner said today that he favors long-term economic stimulus ideas floated by GOP fiscal hawks yesterday, which we blogged about yesterday.
"This package contains essential components to ensure long-term U.S. economic growth, not just this quarter or this year, but for many years to come," said the Ohio Republican.
Mr. Boehner and House Speaker Nancy Pelosi, California Democrat, are the chief congressional negotiators working with Treasury Secretary Henry Paulson to reach a deal within the next few weeks.
Mr. Boehner said the RSC package "will be an impetus for a discussion in the coming weeks and months about our long-term economic future."
The legislation, when agreed upon, will start in the House and move to the Senate.
— Jon Ward, White House correspondent, The Washington Times
Comments (1)
The RSC package only addresses breaks for business. There needs to be a balanced stimulus package in tax cuts between business and the citizen which can be offset by a decrease NOT continuous inceases in government spending. Taking money and giving it back is not a stimulus, it is loan to the government. If they can give it back, why did they take it in the first place? If we ran a business this way, we would be out of business because we don't a return on investment, and we get a request for another loan, especially after the last seven years. What did we get, a war in Iraq, minimum wage increase, and endless, ineffective hearings of blame politics which should have been looking at the pending economic volcano called variable interest loans. What kind of stimulus is that?
Posted by Larry Stone | January 24, 2008 2:02 AM