As the House and Senate leadership works to craft a bipartisan economic stimulus package, and as President Bush today made his hopes for a stimulus package known, Senator Bob Menendez (D-NJ), a member of the Senate Budget Committee, released the following statement:
"With the effects of the mounting economic troubles hitting Americans in their pockets, now is the time for an immediate, temporary and bipartisan package to stimulate the economy. The details of such a package are still developing, but the final product must be immediately effective and must be primarily geared toward working Americans. Such a package should include tax cuts targeted toward the working men and women of this country instead of toward big businesses. Working Americans are the ones feeling the brunt of this downturn, and they have basic needs to take care of.
"Congressional leadership has wisely negotiated a plan on a bipartisan basis. With the economy hurting, struggling Americans will ultimately get no benefit from a package that dies at the hands of partisan bickering. I am also encouraged that the president has acknowledged the tenuous state of the economy and the need for an effective and temporary package. I believe that cooperation between the White House and Congress will be essential to getting legislation passed."