( dpa )- The US House of Representatives on Tuesday overwhelmingly approved an emergency economic stimulus package that includes more than 146 billion dollars in tax relief designed to encourage spending and investment. The legislation passed 385-35 and is designed to boost the economy as it undergoes an expected slowdown this year caused by the crisis in the housing market and high energy prices. The economic woes have sparked worries of a recession, prompting President George W Bush and Congress to develop legislation to put money back into the hands of consumers and investors. Under the plan, most US taxpayers would receive at least a 600- dollar tax rebate check later this year. Families could receive as much as 1,200 dollars and an additional 300 dollars for each child. Bush, during his State of the Union address Monday night, urged Congress to quickly pass the measure, but he is facing resistance in the Senate, where broader proposals are under consideration.
House approves economic stimulus package
30 January 2008 02:13 (UTC+04:00)