WASHINGTON (CNN) - House Majority Leader Steny Hoyer said Friday that Democratic congressional leaders continue to talk to the Bush administration about a stimulus package, but if there's no deal, there would be no reason for a lame-duck session of Congress.
"Clearly there is no point in us doing something if the administration is going to take the position that they're not going to sign something," Hoyer told reporters Friday morning.
House Democratic leaders have been discussing a $60 billion to $100 billion stimulus package. The bill now being negotiated with the White House and Senate Republicans would include an extension of unemployment benefits, an expansion of the food stamp program, assistance to the states, and money for infrastructure projects.
Democratic leaders are also trying to figure out how Congress can help the struggling U.S. auto industry.
CEOs of the "Big Three" U.S. auto companies and their labor union met with congressional Democratic leaders Thursday on options for an assistance package to supplement the $25 billion in loan guarantees Congress approved in September.
Hoyer said a vote on some aid for Detroit "could be" a reason to call Congress back, even if there was no agreement on a stimulus. But the Maryland Democrat declined to give any specifics on what Congress is considering in terms of aid. He did say, however, that he does not think the automakers would be able to access money from the $700 billion economic bailout Congress has authorized.
Hoyer said the new Congress will focus on the economy first, pointing to tax cuts proposed by President-elect Obama for the middle class and small businesses as the top of the agenda next year.
House rules mandate that an offset is required for any new spending measures, but Hoyer argued the economic crisis could mean that these tax cuts would not be paid for initially.
"Pay as you go is not a straightjacket," he said.
White Christian Mother for Obama wrote :"We have to pay back the $2100 we got a few months ago!!! Which lowers our refund. The economy has gotten worse… more have lost jobs… many will owe taxes and the pay back on the first one is due and they will either owe more or get less of a refund."
Please note that this information is not entirely accurate. Any stimulus money received earlier this year is neither taxable, nor does it reduce the amount you will receive on your 2007 or 2008 tax returns - this from the IRS website. So, the previous stimulus package will not affect how much anyone gets back when they file their 2008 taxes.
The solution to this problem is so so simple. We have about 200 million people in this country over 21 yoa. Give each $1 million and we can stimulate the economy over night at a cost of only $200 million not Billions.
Where is the billions going to and for what?
Why are Neocons so desperate not to help Main Street but okay with bailing out Wall Street? Obama will save $5 *billion* every month once we get out of that stupid war. That's where the money will come!
Well, what the hell, the Republicans have done NOTHING for the people of this country BUT STEAL FROM US AND LIE TO US and TAKE AWAY FREEDOM so why would we expect anything different this late in their game. I say let them get out and stay out. Don't give them a chance to do any more damage before they leave.
There definitle is a reason for them to do something- its thier job!
They were elected to look after our interest, not just deal with easy issues.
Congress- Fight for US!!! No more politics!!!
That's the answer?? Don't hold sessions if you don't get your way, no wonder nothing ever gets done for the people.
This congress and Senate is horrible, they don't work for the people they work for themselves and only when they feel like it.
Start acting like real working Americans, how many working people can say, if I don't get my way I will just leave. Wanna bet you won't have a job the next day.
TYPICAL. The Wall Street thiefs deserve a bailout, but the hardworking Americans that they stole from don't.
ALSO, how is it that Bush can de-regulate even more on his way out the door. How in the world can he do more deregulating, especially now. Why can't he be stopped, and why aren't the press talking about it?
I think I'm going to invent a machine that does nothing but throw wads of cash at problems, seems to be a lot of demand for that lately.
How about they cut spending on programs that don't work instead of coming up with more spending from money they don't have? We are really in for a mess if the gov't is going to keep bailing all the people out who have made bad decisions and been irresponsible. Thank you Democrats for the mess you created in the first place. The Republicans did nothing to fix it under Bush when they had the chance, and now Obama will be hard pressed to do anything about it. Uncontrolled spending will take this country down and new taxes are not the answer. Obama is clueless on how to handle the economy and his "spread the wealth" ideas will only make things worse.
How is it possible to continue providing cash for bailouts, stimulus packages, etc?
Wake up America: we are printing money as fast as the presses can produce it with nothing to back it up - remember inflation rates above 15%? Well get ready, 'cause its going to be alot worse this time.
As a strong Obama supporter with a low income, I am no more supportive of another stimulus package than I was of the first. Sure, I got a few hundred dollars, and sure, it added to my bank account. Didn't do much for the economy, however, because I didn't spend it.
Borrowing more money to give people to spend on new TV sets or other unnecessary expenditures is not a wise use of the taxes I paid or will pay in the future. Nor is borrowing from China or anyone else the way to strengthen this country's economy.
We need to reduce debt, find better ways to help.
I wouldn't worry about a stimulus package, I'd worry about them stealing every last cent (already given away the treasury to the banks,) and every piece of silver as the neocons tuck their tails and run.
The stimulus money that we received this year will not be taxed! It's not counted as income. Didn't you read the notice when it was sent to you or did you get your information from someone else?
No wonder most don't even have a clue as to what goes on in this country. Do a little research for yourself and get the facts. You just might surprise yourself.
The republicans would rather go down in complete flames instead of helping the American people... their little power games must stop now!
No wonder the republicans lost so badly.
We gave our money because we wanted to support Barack Obama!
If he chooses to donate to a worthy cause, then so be it!
If he chooses to fund democratic coffers, oh well... so be it.
However, if he chooses to use the money to fund his being re-elected in 20012, then RUN,BARACK RUN!!
Sarah Palin will be trying to foist herself and her brood on us again in 2012,and I think she'll be as divisive and dishonest as ever, so we'll need a cushion for Barack . As for those of you with your ignorant,sour grapes comments....obviously you did not contribute a dime..,so it's really none of your concern what becomes of anything, now is there??
Just another useless "Palin-like" attack! Thrown out any empty, false issue (hateful rhetoric disguised as concern) and see if it sticks.
Get over yourselves, and do some growing up while you're at it. You sound like a whiny bunch of babies in need of a time out!!
Expansion of food stamps? Listen Americans, you're going to have to help thy neighbor because the Government can't afford to take care of everybody and keep businesses going. We're already in a heap of debt. Work and give back to your communities. Work together. Eat together. Grow food, go hunting...pioneer and survive a little...cut back, lose a few pounds...
put my name on top ,,middle,,,bottom of request for money.
I WANT MY SHARE THE LAST STYMULAS PACKAGE DIDN,T WORK NEITHER WILL THIS ON.. JUST GIVE ME $4. MILLION AND I WILL BE HAPPY.