Summary:

• tax cuts for business
• tax cuts for consumers accelerated
• rebates for low income

Costs:

• $100 B first year
• $200 billion after 5 yr
• $150 billion after10 yr

Why:?

• retail sales down
• corporate investment down
  
• GOAL: to avoid a long recession

Republicans (in the House of Representatives)

• mostly business tax cuts
• rebate for the poor
• accelerates tax cuts for middle class

Democrats

• 1/3 tax cuts
• 1/3 new benefits for the poor or those hurt by recession
• 1/3 new government spending - public works projects

President Bush

• vague
• somw criticism, "show business"
• but also support,
• too big?

When?

• ????