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Recovery Rebates and Economic Stimulus for the American People Act of 2008

Date: Jan. 29, 2008
Location: Washington, DC
Issues: Economy and Fiscal


RECOVERY REBATES AND ECONOMIC STIMULUS FOR THE AMERICAN PEOPLE ACT OF 2008 -- (House of Representatives - January 29, 2008)

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Mr. CLYBURN. Thank you very much, Mr. Rangel, for yielding me the time.

Mr. Speaker, I rise today in strong support of this economic stimulus package, and I commend the House leadership on both sides of the aisle for their efforts in quickly getting this important legislation to the floor. And while the deal may not be perfect--very few, if any, are--it will go a long way towards stimulating our economy while helping many Americans struggling to make ends meet.

Mr. Speaker, these are turbulent times for many working families: unemployment numbers are up, and the housing market is down; energy costs are rising, and stock values are falling.

In short, Mr. Speaker, our economy is underperforming, and the American people are looking to us for leadership.

This measure seeks to stimulate growth by helping businesses and workers. It extends tax rebates to 117 million families and offers write-offs to small businesses to assist them in the creation of much-needed jobs. This legislation serves as an important first step towards moving our economy in a new direction.

I encourage my colleagues to support this legislation. The American people are looking for a new direction, and this legislation provides just that.

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