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Comparison of Economic Effects |
| Section: CURRENT ISSUES / SPECIAL REPORT--COPING WITH THE GLOBAL RECESSION |
| Author: |
| Publication: The world & I online |
| Issue Date: 1/1/2002 |
| Size: 393 Words, 2,551 Characters |
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There may be many good political reasons for Congress to pass an economic stimulus package, but there is one overriding economic reason: The intervention should improve the incentives to work, save, and invest--the real catalysts of economic growth.
Fiscal policy changes that focus on these econo...
. . .
...ectively.
The average savings for a family of four (adjusted for inflation) would increase by $752 under the President's plan, compared with $630 for the House and $502 for the Senate.
Bush's program would increase inflation-adjusted investment by $7.8 billion, compared with $6.1 billion and just $4.9 billion for the House and Senate plans.--The Heritage Foundation vbcrlf
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