The US House of Representatives overwhelmingly approved on
Tuesday a 146-billion-dollar stimulus package aimed at boosting the ailing
economy, as the Senate reportedly debated several amendments.
The package passed on a bipartisan 385-35 vote and was
forwarded to the Senate with an appeal for lawmakers to pass it without making
any significant changes that would delay the bill.
"If we heap too much on top of the package, it will then take us deeply
into debt," House Speaker Nancy Pelosi, D-Calif., told The Washington
Post. "Let's hope the Senate takes our lead from us."
The economic stimulus measure provides tax rebates of $600 for individuals,
$1,200 for couples, plus $300 per child, the Post said. It would pump $146
billion into the economy in 2008 and $15 billion in 2009 in a bid to avert or
lessen the severity of a recession.
Individuals making $75,000 in adjusted gross income, and couples with $150,000
in gross adjusted income would be eligible for the full rebate check.
The measure would give businesses $45 billion in tax incentives for new plants
and equipment, the newspaper said.
President George Bush welcomed the decision and urged senators
to pass the bill without further modifications.
“The temptation is going to be for the Senate to load it up.
My concerns is that we need to get this bill out of the Senate and on my desk
so the checks can get in the hands of our consumers, and our businesses can,
you know, be assured of the incentives necessary to make investments,” Bush
said.
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