consumer012308.bush
On the homepage
Vikings
Out There
Pardon Board
Petters
Home | Politically Connected | National Politics
Bush, Congress agree to act fast
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on DiggMore from National Politics
President Bush and leaders of Congress joined in a rare show of cooperation in promising urgent action to pump up the economy with upward of $150 billion in tax cuts and government spending.
"I've got reasonable expectations about how fast something can happen," the president said. "But I'm also optimistic something will happen."
Senate Majority Leader Harry Reid said the goal was to get a deal through Congress and on Bush's desk within about three weeks.
Administration officials are focusing on rebates of $800 to $1,600 for individuals and couples and so-called bonus depreciation to allow companies to deduct 50 percent of business investments made this year. Democrats say the package also should include boosts in unemployment benefits, food stamp payments and the Medicaid health care program for the poor and disabled. Talks between House Speaker Nancy Pelosi, D-Calif., and Minority Leader John Boehner, R-Ohio, have focused on smaller tax rebates of perhaps $500 for individuals.
ASSOCIATED PRESS
Recent National Politics stories
House passes resolution in honor of victims of Fort Hood attack - January 22, 2008
House passes resolution in honor of victims of Fort Hood attack - The House has passed a resolution honoring the victims of the attack at Fort Hood, Texas. More
The Whistleblower blog has moved
The Star Tribune is still blowing the whistle, but our look and location have changed. Click here to get to the new blog. If you want the actual URL, it’s www.startribune.com/blogs/whistleblower.html. Our blog posts will now be easier to search on the web site, but you’ll need to register to post a comment. In the [...]
Recent posts
  Open positions!A new career awaits. Look through thousands of listings to find your new job. Start now! Get A ProfessionalFind home maintenance, car repair, legal advice, cleaning, and more in the Yellow Pages. Go now! |
Win tickets to the Dec. 3 performance of "In The Heights" at Orpheum Theatre.Vita.mn presents the Dec. 3 performance of "In The Heights" at Orpheum Theatre, and is hosting the official cast after party at First Avenue's Ritmo Caliente. |
Comment on this story | Be the first to comment | Hide reader comments