Pelosi Aims for Second Stimulus

Pelosi Aims for Second Stimulus

House Speaker Nancy Pelosi on Thursday called for a two-part economic stimulus package that would include up to $100 billion in aid by the end of the year, followed early next year by some form of permanent tax cut, according to a published report. Pelosi (D., Calif) told The Wall Street Journal that she hoped to get a "two month jump" on the aid by passing something during the lame duck session of Congress that begins this month. Democrats, however, would take a "longer view" once the party and president-elect Barack Obama take over in January, she said. The speaker said she preferred a payroll tax cut over a rebate, like the first round of stimulus, or capital gains tax cuts favored by Republicans.