Democratic Whip-Elect Steny Hoyer on an Economic Stimulus Plan

President uses plight of working Americans to advance agenda for rich

For Immediate Release:

January 3, 2003

Contact:Stacey Farnen
(202) 225 - 3130

WASHINGTON – Congressman Steny H. Hoyer (D-MD), the incoming House Democratic Whip, released the following statement today regarding an economic stimulus plan:

"When it comes to economic issues, President Bush has not displayed a deft touch. He turned budget surpluses into deficits. He weighed in on extending unemployment insurance benefits for thousands of jobless Americans only after it was too late to help prevent a cut-off and only after Democrats pressured him to support an extension. And now he’s planning to offer an economic stimulus plan that even some conservative economists say won’t do the trick. The President continues to use the plight of working Americans to help advance an agenda for the rich.

Cutting taxes on corporate dividends is not a proposal that is going to touch the hearts or minds or pocketbooks of the typical working American family. And that’s precisely who we need to be reaching to jumpstart our stagnant economy.

Democrats are going to propose an economic stimulus plan that actually stimulates the economy in the short-term, creates jobs, provides immediate tax relief to working American families and maintains long-term fiscal responsibility. We also intend to fight for an extension of unemployment insurance benefits for 26 weeks. It’s unconscionable that we did not resolved this issue before hundreds of thousands of workers lost benefits days after Christmas."

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