A western Wisconsin lawmaker hopes an economic stimulus plan agreed upon by Congressional leaders Thursday will help.
U.S. Rep. Ron Kind (D-La Crosse) thinks the targeted income tax rebates and tax perks for expanding businesses could be a "nice boost" to the struggling economy. He says they're hoping to accomplish something that's timely, targeted, and temporary to give a spark to the economy that will prevent a recession.
Reports say the checks will be targeted to those making under $75,000 per year with extra money for those with children. Analysts say that will lead to the biggest "bang for the buck."
However, Kind says experts say the most efficient way to stimulate the economy might be through food stamps or extended unemployment benefits, but the Bush Administration was adamantly opposed to those methods. He adds that Congress is caught between a rock and hard place because they have to borrow the money from foreign countries, or print off their own money. Kind is worried that could add to the fiscal problems of the nation.
