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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: advocatedevil who wrote (56507)11/28/2001 11:50:47 PM
From: StanX Long  Read Replies (2) | Respond to of 70976
 
AD,they're trying to turn the economy around, watch out being on the darkside once this starts to take OFF.

Stan

Wednesday November 28 10:21 PM ET
Bush, Democrats Seek End to Stimulus Impasse
Bush Seeks to Break Economic Impasse
(AP)

dailynews.yahoo.com

By Donna Smith

WASHINGTON (Reuters) - The White House and congressional leaders pressed on Wednesday for an end to their impasse over a stimulus package to help pull the economy out of recession, but both sides said proposed concessions on tax cuts and homeland security spending did not go far enough.

After meeting for the first time in weeks with Treasury Secretary Paul O'Neill on the proposed stimulus, Democrat and Republican leaders and tax writers from the Senate and House of Representatives said they had procedural hurdles to overcome before talks could turn to the substance of a package.

``We're going to try to sit down and work out a framework,'' Speaker of the House Dennis Hastert told reporters after the meeting. ``We'll meet tomorrow and hope that we can work out that. We don't want to get into the policy side before we have a procedure worked out.''

The House has passed a $100 billion package of mostly tax cuts, but it has been held up in the closely divided Senate by partisan bickering over whether it should include more tax cuts or spending to help unemployed workers and to beef up the nation's security.

In an effort to break the deadlock, Senate Republicans raised the idea of a one-month Social Security (news - web sites) tax holiday for workers and employers. And a Senate Democratic leader offered to cut by half to $7.5 billion the amount Democrats are seeking to improve domestic security.