Rep. Maloney: Making Bush Tax Cuts Permanent Won't Get the Economy Back on Track
President Insists on Reruns of Stale Economic Rhetoric, JEC Vice-Chair Says
Congresswoman Carolyn B. Maloney (D-NY), Vice Chair of the Joint Economic Committee, issued the following statement today regarding President Bush's speech in Chicago on the economy:
"The President's writers apparently have gone on strike with the TV writers since they clearly haven't written him any new material. The economy is faltering, yet the President's lines are all still the same. Making the Bush tax cuts permanent is probably the worst idea for stimulating the economy, because it would provide little relief for middle- and low-income families. Too many American families have lost ground in the Bush economy and are working harder than ever just to keep up with rising living expenses. Now unemployment is rising in what has already been a disappointing economic recovery for most families. We need a new direction, not repeat episodes of the Bush economy. Democrats in Congress are working to get the economy back on track and strengthen the safety net for workers."