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

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

download:   Video Get CD/DVD More Formats
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

    Bn2015-0730_funhome3
    Alison Bechdel’s "Fun Home": The Coming-Out Memoir That Became a Hit Broadway Musical
    In a Democracy Now! special, we look at the acclaimed Broadway musical "Fun Home," which swept the Tony Awards last month. Composer Jeanine Tesori and lyricist Lisa Kron made history as the first female duo to win a Tony Award for Best Original Score. "Fun Home" is also the first-ever Broadway musical to feature a lesbian protagonist. The musical is based on the 2006 best-selling graphic memoir by Alison Bechdel, "Fun Home: A Family Tragicomic." The memoir is a poignant exploration of family, memory, first love,...

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.

This is viewer supported news