On the recordNovember 13, 2001
I remember what former Treasury Secretary Robert Rubin had to say about the stimulus package that passed, and what one of the alternatives we had in ours was that was so important, because in the previous package, they were left out. That was the low-income individuals who helped pay taxes but they did not get a rebate. In our package, that was in there as an alternative; I think it is appropriate. These were people, Mr. Speaker, that were left out in the original Bush tax plan, in the first rebate. These folks would put that money right back in the economy. Secretary Rubin has said and others have said that that is really where we ought to be putting it. Those folks would put it in the economy immediately, buying things and spending it on such 'luxury items' as food, clothing, medicine, heat and shelter; things that help get the economy going. If we say it turns over six or seven times, that is really what we need.
Source
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