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Saturday, January 24, 2009

In Effort to Build Support, Obama Details Stimulus Plan - NYTimes.com

In Effort to Build Support, Obama Details Stimulus Plan

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By PETER BAKER
Published: January 24, 2009

WASHINGTON — President Obama, seeking to broaden the appeal of his signature initiative, said Saturday that a proposed $825 billion package of spending programs and tax breaks was crucial not only to turn around the economy but also to rebuild the nation for a new era....

But House Republicans are stiffening their resistance to the magnitude of spending in the plan developed by House Democrats on Mr. Obama's behalf to create or save more than three million jobs. About two-thirds of the $825 billion is reserved for spending and the rest for tax breaks. In the Republican response to the president's address, Representative John A. Boehner of Ohio, the House minority leader, called for deeper tax cuts instead.

Mr. Boehner, who will also be on "Meet the Press," pushed a Republican plan to lower federal income tax rates in the two lowest brackets rather than provide a $500 per worker tax credit, as Mr. Obama wants to do. The Republican plan would also give tax breaks to small businesses, home buyers and the unemployed....

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http://www.nytimes.com/2009/01/25/us/politics/25obama.html

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