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Retailers welcome Economic Stimulus Agreement
25
Jan '08
The National Retail Federation welcomed an agreement on economic stimulus legislation reached between the Bush Administration and House leaders.

“The proposal put forth is simple, targeted economic stimulus that will quickly put money into consumers' pockets where it can boost economic growth by creating demand throughout all sectors of the economy,” NRF Senior Vice President for Government Relations Steve Pfister said.

“Given the financial stress that consumers will be under in the coming year, stimulus legislation is essential to the health of our nation's economy and to the jobs that rely upon the strength of that economy.”

“We are heartened that congressional leaders in the House, working with the Administration, have set aside partisan differences and are working together to help the U.S. economy and American families,” Pfister said.

“We urge you to reach out to your counterparts in the Senate and quickly work through the details of this proposal so that economic stimulus legislation can be enacted and implemented as soon as possible.”

Pfister's comments came in a letter to House Speaker Nancy Pelosi, D-Calif, and Minority Leader John Boehner, R-Ohio. Another letter encouraging the Senate to work quickly with the House was sent to Senate Majority Leader Harry Reid, D-Nev, and Minority Leader Mitch McConnell, R-Ky.

Pelosi, Boehner and Treasury Secretary Henry Paulson held a news conference this afternoon to announce that they had reached agreement on a stimulus package.

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