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Friday
Sep242010

To Stop a Stimulus: White House Forecasts Economic Doom If GOP Gets Their Way

Photo Courtesy -- ABC News.(WASHINGTON) -- In the GOP's "Pledge to America," Republican lawmakers said they want all $258 billion of unspent stimulus funds to remain unspent.  Now the White House is pushing back hard, arguing that such a pledge spells disaster for Americans.  A White House Recovery Office official told ABC News that millions of families could expect to immediately see their taxes go up, tens of thousands of businesses across the country would see their taxes rise by $27 billion and millions of college students would see their college tax credits in jeopardy.  Also according to the White House, Americans could expect more job loss and economic hardship.  White House Recovery Act spokesperson Liz Oxhorn told ABC News, “Only the party that got us into this mess would propose creating jobs and cutting taxes by killing jobs and raising taxes.”

Copyright 2010 ABC News Radio.

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