U.S. Senator Mike Enzi urged his colleagues on the Senate Finance Committee to take strong action – not wrong action – and avoid throwing billions of dollars in borrowed money at government programs that have little hope of reviving the U.S. economy. Enzi suggested alternatives that would provide immediate tax benefits for businesses and individuals. He says the credit crisis and housing slump are at the root of the recession, and throwing more money at them is not the answer. The U.S. House of Representatives passed their version of the Stimulus package yesterday. There was not a single Republican vote for the bill, and 11 Democrats voted against it. The Senate bill will require at least two Republican votes for it to get the 60 votes it needs to stay alive. The Senate is expected to vote on the bill sometime next week.
By webmaster on Fri 01/30/2009 12:35am