Stimulus Part Deux: Coming to Congress Near You
by Craig Jennings, 7/15/2008
A second stimulus package may be in the works. Yesterday, CQ Politics reported that Senate Appropriations Chair Robert Byrd (D-WV) may announce on Thursday that his committee will markup another stimulus package.
Today, CQ Politics is reporting that House Majority Leader Steny Hoyer (D-MD) is also considering such a package.
"The need seems to be apparent," Hoyer told reporters after joining Speaker Nancy Pelosi , D-Calif., and other Democratic House leaders in a two-hour meeting with private-sector economists. "All the economists we talked to today indicated that additional action is needed," he added.
Hoyer said the package would include elements already widely discussed — more infrastructure funding, heating assistance for low-income Americans, more money for food stamps and for state Medicaid programs. Pelosi said the proposal also could include another round of rebates for taxpayers, but she made no commitments.
