Economic Stimulus Package

ECONOMIC STIMULUS PACKAGE -- (House of Representatives - January 23, 2008)

(Mr. COHEN asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)

Mr. COHEN. Madam Speaker, this week and in the coming weeks the American people need this House and Senate and the President to work in a bipartisan fashion to come up with a monetary policy and a fiscal policy here that will help our economy. It needs to be temporary, timely and targeted. And I would hope that we can work with our Republican colleagues in a bipartisan fashion to direct that to people in the middle income and lower income levels who need the help and will spend the money immediately.

To give rebates to people who are making a lot of money, people earning salaries such as we are in Congress, and others, is not the right thing to do. We need to give money to people who are suffering the most from the high gas prices, from the loss of employment, and from the other economic effects that are hurting the people at the bottom.

I ask my Republican colleagues and the President, and hopefully he will in the State of the Union, address those who need help the most and help this American and world economy.

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