Tuesday, October 30, 2001 FULL SHOW | HEADLINES | NEXT: "High Jack This Fags": Where Gay Men and Lesbians...
2001-10-30

Bush Promotes $100 Billion Economic Stimulus Package Consisting of Tax Cuts for the Wealthyand Corporate Rebates

DONATE →
This is viewer supported news

The Senate this week will take up a $100 billion economic stimulus package passed by the House and composed almostentirely of tax cuts for the wealthy and rebates for corporations. Among the winners in the House bill are: IBM:which would receive $1.4 billion GM: receiving more than $800 million GE: receiving nearly $700 million CHEVRON:receiving more than Half a billion dollars And ENRON: receiving $250 million and closely linked to the BushAdministration. Senate Republicans have proposed an even larger package of refunds, totaling some $220 billion, whileDemocrats have called for increased unemployment insurance, job assistance and other forms of public investment.

The September 11 attacks have exacerbated a major economic downturn that began this summer and raised the question ofhow the government should respond. Major corporations have laid off tens of thousands of workers in the last 6 weeks,including United Airlines and American, which between them would receive more than half a billion dollars in taxrebates under current proposals.

Guests:

  • Daniel Mitchell, Economist and Senior Research Fellow at the Heritage Foundation.
  • Dean Baker, Center for Economic and Policy Research.

Related links:

Recent Shows More

Full News Hour

Stories

    Fgf-kids-protest
    Earth Day Special: "Fierce Green Fire" Documentary Explores Environmental Movement’s Global Rise
    In an Earth Day special, we look at the history of the global environmental movement as told in the sweeping new documentary, "A Fierce Green Fire: The Battle for a Living Planet." We air extended highlights from the film — from New York housewives who take on a major chemical company that polluted their community of Love Canal to Greenpeace’s campaigns to save whales, to the fight by Chico Mendes and Brazilian rubber tappers to save the Amazon rainforest. We also speak to the film’s Oscar-nominated director, Mark...

Creative Commons License The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.