Bush Plans Economic Stimulus Washington Times (11/25/02) Vol. 30, No. 23 p.D1; Lambro, Donald
President Bush intends to use his election mandate to
support an economic stimulus bill that will probably push for the
hastening of the president's tax incentives as well as the
expansion of IRA and 401(k) plans, and the administration's goals
have become more ambitious since the recent election. The most
important item is to get the economy growing faster, but U.S.
Chamber of Commerce Chief Lobbyist Bruce Josten says that tax
incentives for retirement plans and for business expenses will
appear. The incentives will slowly raise the contribution limits
for retirement plans, but these may be hastened and expanded, and
the president is also expected to push for bankruptcy reform.