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Clinton rolls out proposal for stimulating economy

Sat., Jan. 12, 2008, midnight

CITY OF COMMERCE, Calif. – Hillary Rodham Clinton on Friday called for Congress to pass an economic stimulus package that could cost as much as $110 billion to help low-income families keep their homes, to subsidize heating costs this winter and perhaps refund some taxes.

The Democratic presidential hopeful, on a two-day swing through this key Feb. 5 primary state, called on Congress to work with the White House to pass a $70 billion “immediate jump-start” to help people spend more money in the market and perhaps follow with another $40 billion in tax refunds.

“This economy may be working for some people, but it sure isn’t working for everybody,” said Clinton, standing in an International Brotherhood of Electrical Workers hall.

The New York senator has said she fears a recession, although she and aides do not label the current conditions that.

“The economists can argue about it – you can see them on TV,” she said. “The statistics are one thing. The stories are something altogether different.”

Clinton economic adviser Gene Sperling said the stimulus package would help lower-income families, who traditionally save less than those with higher incomes.


 

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