Nancy Pelosi: “America needs a stimulus package. That is why the House and Senate Budget Committees worked in a bipartisan manner to…”

“America needs a stimulus package. That is why the House and Senate Budget Committees worked in a bipartisan manner to put forth principles to stimulate the economy. The package, it said, should be short-term, give a quick boost to the economy, and not sacrifice our long-term fiscal stability. The Republican package here today fails on all three scores. It is not a stimulus package; it is a shameless package which gives $10.4 billion in ill-timed capital gains cuts. It gives $53.6 billion tax cuts to the wealthiest Americans and, are we ready for this? It gives a $24 billion retroactive to 1986 tax cut on the Alternative Minimum Tax, and 86 percent of this benefit goes to the wealthiest Americans. Vote ``no'' on the shameless Republican bill.”