Economic Stimulus Clears House Hurdle
January 29, 2008, 7:39pm
The House today passed a bill that would funnel $146 billion worth of tax cuts and other proposals in an effort to stimulate an economy hindered by mortgage woes, high gas prices and other problems. The vote was 385-35.
Minority Leader John Boehner, R-Ohio, said the bill isn’t perfect but praised the “generous spirit” of Republicans and Democrats who rallied around it. “If we do nothing, we’re just asking for our economy to slow even further,” he said.
Speaker Nancy Pelosi, D-Calif., added: “This is a middle-class tax rebate bill. … It targets the middle class and those who aspire to it.”
Categories: California, Ohio, Producer's Picks, Nancy Pelosi, Taxes, Economy, John Boehner
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