New Economic Growth Plan Agreed Upon

By January 24, 2008Economy, Taxation

From the White House, the fact sheet on the bipartisan, consensus, agreed-upon growth package: “New Growth Package Meets Criteria to Keep Our Economy Healthy.”

President Bush’s statement: “This package has the right set of policies and is the right size. The incentives in this package will lead to higher consumer spending and increased business investment this year. Importantly, this package recognizes that lowering taxes is a powerful and efficient way to help consumers and businesses. I have always believed that allowing people to keep more of their own money and to use it as they see fit is the best way to help our economy grow.”

From House Majority Leader Steny Hoyer: “Hoyer Praises Bipartisan Stimulus Package“: “I am pleased that this stimulus package adhered to the principles that Democrats have stressed for weeks – that an economic stimulus be timely, targeted and temporary. It is critical that we not enact a stimulus plan that further erodes our nation’s long-term fiscal condition.”

From Senate Majority Leader Harry Reid: “Reid Statement On Economic Stimulus Deal Struck By House, President“: “I am pleased the Speaker and the House Minority Leader, working with Secretary Paulson, have reached an agreement to send stimulus checks for individuals and provide tax relief to businesses. And I am proud that Democratic negotiators were able to secure tax relief for millions of Americans who would have been completely left out of the President’s proposal.”

Treasury Secretary Paulson news conference.

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