Bush Signs Economic Stimulus Plan
WHITE HOUSE (AP) — President Bush has signed a $168 billion stimulus package into law, calling it a “booster shot” for the economy.
The economic rescue plan includes rebates of between $300 and $1,200 for most American households. The checks will go out starting in May. In addition, businesses will be getting tax breaks for investing in new plants and equipment.
Economic analysts believe the plan will help prevent the current downturn from turning into a crisis.
House Speaker Nancy Pelosi was among several dozen lawmakers standing behind Bush as he signed the measure.
Congressional leaders are already considering more economic rescue measures, including transportation spending and unemployment aid.