Stepping out as the bearer for an economic rescue, President Bush called Friday for about $150 billion in tax-rebates.
The centerpiece of the emerging plan appears to be a one-time tax cut -- paid as a cash rebate this year -- of $800 per taxpayer, or $1,600 for a couple.
The president, who was out of the country for much of the last two weeks as bad news on the economy piled up, returned to the policy forefront by calling for an even larger plan than the $100-billion initiative being discussed in Congress.
"This growth package must be big enough to make a difference in an economy as large and dynamic as ours," the president said at the White House, flanked by his top economic advisors and Vice President Dick-Cheney.
Via LA-Times
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