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Bush calls for economic kickstart | Bush calls for economic kickstart |
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President George W Bush has called for a stimulus package worth billions of dollars to prevent an economic downturn. | |
He said the package would have to be big enough to make a difference to the "large and dynamic" US economy. | He said the package would have to be big enough to make a difference to the "large and dynamic" US economy. |
Mr Bush said it had to include tax incentives for US business and direct tax relief for the American people. | Mr Bush said it had to include tax incentives for US business and direct tax relief for the American people. |
The spending package should total at least 1% of gross domestic product, the president said. | |
White House advisers said that 1% of GDP would amount to $145bn. | |
Mr Bush said the package should be "a shot in the arm to keep a fundamentally strong economy healthy". | |
"To keep our economy going and creating jobs, Congress and our administration need to work together to enact an economic growth package as soon as possible," he said. | |
He said he expected the economy to continue to grow, but at a slower rate than in previous years. |