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Economy & Budget
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President
Bushs Agenda for Economic Growth &
Job Creation
President Bush has asked the Senate to pass a responsible economic stimulus package. The President told the Senate, "The American people expect progress. And I do, too." Vice President Cheney followed-up on the President's call in a speech to the U.S. Chamber of Commerce and urged Congress to pass the right kind of stimulus plan to help America's economy to recover.
Retail sales figures for October showed a strong 7.1% increase, primarily due to car sales. However, non-motor vehicle retail sales remained relatively low, and cars sold in October came from existing inventory -- not from new, job-creating production.
To help spur economic growth, America needs Congress to pass the right economic stimulus plan now. The President's approach will increase consumer and business confidence through effective tax relief that helps to restore the rate of job creation and revives business investment.
The President's Plan for Economic Growth & Worker Relief
The President proposed a Back to Work Relief Package on October 4 to provide help to those workers hardest hit by the economic impact of the attacks. This package would:
The President's approach will get Americans back to work because it emphasizes job creation. Studies suggest that the President's approach will create 300,000 more jobs.
Tax relief is efficient and can arrive more quickly than federal spending. And, the President's proposals to aid displaced workers work through proven programs - getting relief to those in need much more quickly.
President Bush supports practical steps to help restore the economic confidence of our country for consumers and businesses and to help workers who lost jobs as a result of the economic fallout from September 11. The President has outlined an economic growth and job creation agenda that focuses on:
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