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Dec 5 4:00 PM EST

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To: Jon K. who started this subject	1/9/2003 8:13:12 AM
From: Softechie	of 29602

White House/Plan -2: Plan To Cut Receipts By $31B FY '03 07 Jan 18:30 WASHINGTON (Dow Jones)--The Bush administration's $674 billion stimulus package will boost gross domestic product growth by 0.4 percentage point in 2003 and by 1.1 percentage points in 2004, the White House said Tuesday. "Faster GDP growth means job creation - 190,000 new jobs in 2003 and 900,000 in 2004. With this additional employment growth, the economy is expected to generate 2-3 million jobs each year over the next three years," according to the White House Council of Economic Advisers. The plan also is projected to cut federal receipts by $31 billion in fiscal year 2003 and $88 billion in fiscal year 2004. Between fiscal years 2003 and 2007, the plan is projected to lower federal receipts by $166 billion, the CEA said. (MORE) Dow Jones Newswires 01-07-03 1830ET

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