Skip to content

Pelosi Refuses to Call New Spending Another Stimulus Package

It looks like another stimulus package. It sounds like a stimulus package. It spends like a stimulus package. Her economic advisers are even calling it another stimulus. But Speaker Nancy Pelosi (D-Calif.) insists her plans for a host of new spending is not a stimulus package.

“That’s not what we’re doing,— Pelosi said Wednesday when asked if there would be a “Stimulus Two.— Instead, the new spending and tax cuts will move in a series of bills, she said, instead of one big bill.

“We do not have a plan for an additional stimulus package, but we do have plans to stimulate the economy,— Pelosi insisted.

After trotting out a handful of economists who each backed another stimulus package, Pelosi said Democrats would consider a host of ideas to spend more money and cut taxes next year.

Pelosi said among the items discussed were a host of extensions to expiring provisions in the earlier stimulus bill including a housing tax credit and unemployment insurance, “an array— of programs offered by House Appropriations Chairman David Obey (D-Wis.), a push for more infrastructure spending by House Transportation and Infrastructure Chairman James Oberstar (D-Minn.), and new tax breaks for businesses.

The economists who stood with Pelosi also had ideas of their own, ranging from a new package of aid to cash-strapped states so they don’t slash jobs or raise taxes to a plan to use leftover money from the $700 billion Troubled Asset Relief Program to launch a much larger effort to bolster the housing market and mitigate foreclosures and reinvigorate lending by small community banks.

Recent Stories

Lee, Fitzpatrick win primaries as fall matchups set in PA

Aid finally set to flow as Senate clears $95.3B emergency bill

Flag fracas: Republicans ‘infuriated’ by show of support for Ukraine  

Justice Department settles claims on USA Gymnastics investigation

Senate looks to clear aid bill Tuesday night with no amendments

‘Cruelty and chaos’: Biden hits Trump in Florida over abortion bans