17 January 2008

Bush wants personal tax rebates

By JEANNINE AVERSA and ANDREW TAYLOR, Associated Press Writers
28 minutes ago

President Bush told congressional leaders privately on Thursday he favors personal income tax rebates and tax breaks for businesses to help avert a recession, officials said, as Federal Reserve Chairman Ben Bernanke joined in calls for an economic stimulus package.

Bush spoke with congressional leaders as top House aides worked on an economic rescue package that included more money for food stamp recipients and the unemployed as well as tax rebates and cuts.

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