It is an immediate economic stimulus plan that will create 1 million jobs this year. It would put money and purchasing power in the hands of consumers, provide relief to 3 million laid-off workers. The House Democratic plan proposes a $300 tax rebate now for every working taxpayer, tax breaks to help small businesses and encourage business investment, and a 26-week extension of unemployment insurance. It would provide money to the States to deal with their fiscal crises, dealing with homeland security, transportation, and health care costs. All told, this Democratic plan which would put more on the table this year would cost far less than that of the President.
Editor's note · Context
Discussing the House Democratic economic stimulus plan during a floor speech.
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