tonight the House has an opportunity to give American working families and employers the shot in the arm they need to weather this growing economic storm. The heart of this bipartisan plan focuses on putting more demand into a flagging economy, more money back into the hands of America's hardworking middle-class families. Through tax rebates and a bump in the child tax credit, this agreement will quickly inject a cash infusion into the economy to assist families with skyrocketing food, services, and energy costs. Importantly, this legislation will go a step further than the original compact and ensure that veterans and seniors receive additional financial support to boost their buying power. All of that is positive. And as we've already heard, the housing provisions to increase limits on loans backed on by the FHA and GSEs will, without a doubt, give relief to families facing financial pressure from the subprime mortgage crisis. Finally, and importantly, by rewarding businesses for making critical capital investments here onshore, we will expand investment, create new jobs, improve the competitiveness of the American economy, and put an immediate infusion of liquidity into the economy. Madam Speaker, in my view, this is precisely the right tonic at the right time. This should be a start, not the last word.
Editor's note · Context
Addressing economic relief measures for American families and businesses during a House debate.
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