Politics & Government

January 15, 2009

Democrats unveil stimulus plan, but warn it won't do job

Democrats in the House of Representatives unveiled their long-awaited economic stimulus plan on Thursday, proposing $275 billion in tax cuts and credits to jump-start the economy and $550 billion in spending for clean energy, road construction, social welfare programs and emergency assistance to states. "The economy is in such trouble that, even with passage of this package, unemployment rates are expected to rise to between 8 and 9 percent this year," a summary said.

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