Pelosi: Tax rebate unlikely in ’08
House speaker said $61B aid package may have to wait until Bush leaves White House.WASHINGTON — House Speaker Nancy Pelosi said Friday that Congress is unlikely to approve a tax rebate before President Bush leaves office, and she signaled that prospects are dim for a postelection session to pass an economic aid package.
In an interview with The Associated Press, Pelosi played down the chances that Democrats — increasingly confident of capturing the White House and building their House and Senate majorities substantially — could come to terms with Bush and vanquished congressional Republicans this fall on a plan to address Americans’ pocketbook woes.
Democrats have already called for a $61 billion package of jobless aid and spending, and are looking at adding to it as the financial meltdown exacerbates the economic crisis.
“What we’re doing is preparing,” Pelosi, D-Calif., said in an interview in her Capitol office. “We’ll come in if we have a purpose... if there’s something to pass that (Bush would) sign.”
“If (Bush) won’t sign it, then let’s get on a path” to enacting a recovery bill, Pelosi said, “instead of beating our head against a wall just to make a point that he won’t sign it. But we can get something signed — please, God — when Barack Obama wins the election.”
http://www.timesleader.com/news/Pelosi__Tax_rebate_unlikely_in__rsquo_08_10-17-2008.html