Thursday, January 24, 2008

Stimulus debate turns on rebates

President Bush and congressional leaders say they are ready to push ahead on plans to boost the economy, but big sticking points remain.

As pressure builds on Washington to juice the economy, a one-time consumer rebate has emerged as the likely centerpiece of a $150 billion stimulus program.
President Bush met with congressional leaders Tuesday afternoon to discuss options, which include extended unemployment benefits and business tax breaks.
"I believe we can find common ground to get something done ... to make sure that this uncertainty doesn't translate into more economic woes for our workers and small business people," Bush said. more...
http://money.cnn.com/2008/01/22/news/economy/rebate_negotiations/index.htm?postversion=2008012217

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