Lincoln endorses ‘second stimulus’ plan
Sen. Blanche Lincoln, D-Ark., said Wednesday she favors another stimulus package to help the nation’s struggling economy.
Congress is expected to consider a new economic stimulus when it returns to Washington after the election next month. Lawmakers in February approved about $150 billion in tax rebates to Americans in an effort to jump-start the economy.
But Democrats maintain that more needs to be done.
Lincoln said a second stimulus should include money for public works projects and education and tax breaks for small businesses.
Here is the text of a statement Lincoln released Wednesday:
“In February, Congress passed an economic stimulus plan, which included payments for families, seniors and disabled veterans and was designed to give our economy a much-needed boost. I called this plan an important first step, but that we must follow it with a long-term strategy to ensure our country’s future economic health.
“We must develop a comprehensive plan to revitalize our economy by rebuilding our nation for the twenty-first century and reinvesting in American businesses and American workers. That includes infrastructure projects that will create jobs and strengthen our economy. It also includes funding for education, which will ready our workforce to ensure our country’s future prosperity and economic security.
“Finally, we must implement policy that fosters growth in our small businesses, which truly are the engines of our economy. The economic crisis has left small businesses with alarmingly few options to access capital. We must provide tax relief that will enable them to sustain and grow their business during this critical time.
“The chorus of voices calling for a second stimulus package is growing. Notably, earlier this week Federal Reserve Chairman Ben Bernanke said Congress should consider another stimulus plan. Congress will reconvene in Washington following the election, and I believe a second stimulus package should be our top priority to help put our economy back on track. I will continue to fight for relief for Arkansas’s working families.”
This entry was posted on Wednesday, October 22nd, 2008 at 12:32 pm and is filed under U.S. Senate. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.