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Economists agree that a tentative deal between the White House and the Democratic Congress on a 150 billion U.S. dollar economic stimulus plan will be good for the economy in the short term. "When the economy is turning down believe in the Keynsian remedy because you essentially; one way to picture it is if you have empty factories, workers not working, people not buying things. If you can get people to buy things, the factories will start working, it will employ people and all of that will become like a virtual cycle," said economist Dr. Jason Furman testifying before the Senate Finance Committee. The package includes tax rebates for wage earners and business investment incentives. Under the deal, aimed at averting a recession in the struggling U.S. economy, individuals would get a maximum rebate of 600 U.S. dollars and married couples could get up to 1,200 U.S. dollars. Individuals with annual incomes above 75,000 U.S. dollars in adjusted gross income (AGI) or married couples...
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USA: Economists say stimulus plan will help j...

Economists agree that a tentative deal between the... (more)
Channel:ITN Source Category:News Views:22
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