NEWS
By Paul West | February 13, 2009
WASHINGTON -The $789.5 billion economic stimulus package that President Barack Obama is expected to sign next week will contain a slimmed-down version of a new- car tax break proposed by Democratic Sen. Barbara A. Mikulski of Maryland. Under the stimulus deal that Congress is likely to approve over the next few days, buyers of new cars, light trucks, recreational vehicles and motorcycles will be able to deduct the state sales and excise taxes from the purchase on their federal returns next year.
NEWS
February 4, 2009
The Democrats are using the crisis in the economy to steamroll their long-term agenda through Congress under the guise of a stimulus package. It is unconscionable for the majority party to do this at a time when we, the people, are at their mercy ("Stimulus package will touch nearly everyone," Feb. 1). Not a single Republican member of the House supported the stimulus bill, and for good reason. They know when they are being steamrolled. If Mr. Obama is truly committed to bipartisan politics and solving the economic crisis at hand, he needs to tell his fellow Democrats to back off. Dudley Thompson, Waynesboro The fact that the entire Republican delegation voted against the bailout bill in the House is clear evidence nothing has changed in Washington.
NEWS
February 9, 1994
Japan's Prime Minister Morihiro Hosokawa has been sufficiently weakened by political battles he barely survived to make his Friday meeting with President Clinton a probable waste of time. His political and economic reforms riddled by compromise, he hardly seems strong enough to make Japan's interest groups accept numerical goals to measure progress in opening markets to foreign competition.That is the key remaining U.S. demand on Japanese economic restructuring. Mr. Hosokawa's economic stimulus package, just enacted, goes about as far as American firms can expect in boosting Japanese demand for their products and services.
NEWS
By Robert Kuttner | April 16, 1993
PRESIDENT Clinton's gradual retreat on his economic stimulus package reflects one part political miscalculation and one part policy confusion.On the campaign trail Mr. Clinton took pains not to be merely the candidate of deficit-reduction. But in office Mr. Clinton has given just enough credence to that misplaced national obsession that it has continued to be the litmus test of his performance. It would be better for Mr. Clinton to play the teacher role that he performs so well, and to explain to the American people why the deficit is not the economy's main problem.
NEWS
By Los Angeles Times | January 27, 1993
WASHINGTON -- The Clinton administration, seeking to balance its campaign pledges to create jobs and to curb the deficit, plans to propose a modest, short-term economic stimulus package as part of a larger, long-term deficit reduction program, according to administration officials.The administration's key economic advisers are urging a one-time package of between $15 billion and $20 billion that is likely to be dominated by new federal spending on such programs as public works and education.
NEWS
By Karen Hosler | April 2, 1993
WASHINGTON -- Unable to dent a solid wall of Republican resistance that threatened their plans to recess by the weekend, Senate Democratic leaders started talking seriously yesterday about a compromise that could shrink President Clinton's $16.3 billion economic stimulus package.Majority Leader George J. Mitchell, trying to deal with Republican resolve on the issue, said after a late afternoon caucus of Senate Democrats that the White House is determined to hold out for the full spending package, a key element of Mr. Clinton's economic plan.
NEWS
By John B. O'Donnell | April 21, 1993
WASHINGTON -- Maryland stands to lose more than $100 million in federal funds if President Clinton's economic stimulus package is killed by the Republican filibuster in the Senate.As Senate debate on the stimulus package was beginning late last month, Sen. Barbara A. Mikulski, D-Md., said the House-passed $16.3 billion package included $182.3 million for the state.Trying to salvage his package, Mr. Clinton proposed a 25 percent cut only to have the offer spurned by Senate Republicans.There is little hope the Democratic leadership will be able to win enough Republican defectors to gain the 60 votes needed to break the filibuster today.
NEWS
By NEAL R. PEIRCE | April 26, 1993
Washington -- The solid phalanx of Republican senators who filibustered President Clinton's $16.3 billion economic stimulus package into oblivion had a field day finding little specks of possible pork in the proposal and then declaring the whole exercise a boondoggle.The suggested one-time injection of $2.5 billion into the community development block grant (CDBG) program was the whipping boy of choice.The editorial staff of The Wall Street Journal combed through a 4,000-item ''ready-to-go'' public works list compiled by the U.S. Conference of Mayors,projects that might or might not have been selected for CDBG funding.
NEWS
By CAROL COX WAIT | February 1, 1993
Howard Baker called it a riverboat gamble. We wanted to believe we could have higher government spending and lower taxes, and that economic growth would make it all come out right. But it didn't work.We have been living on borrowed money for over a decade. The national debt is growing faster than the economy. If that trend continues, it ultimately will take 100 percent of the Gross Domestic Product (our total economic output) just to pay interest on the national debt.That is obviously an absurdity.
NEWS
By JACK GERMOND & JULES WITCOVER | March 9, 1993
WASHINGTON -- President Clinton may be caught in a tight squeeze between competing constituencies as he tries to find the precise mix of spending cuts, taxes and new spending that can be passed quickly by Congress.The problem, essentially one of Clinton's own making, centers on how much of his so-called stimulus package -- principally new spending on the infrastructure -- can be salvaged in light of the continuing indications that the economy may be improving more rapidly than forecast. Unsurprisingly, the recent figures are being read by the Republicans and some of the more conservative Democrats in Congress as a signal that the stimulus isn't needed, after all.In fact, the economic figures are not that consistently strong.