Capps Praises Economic Package

Congressmember Lois Capps praised the rapid accord reached between Democratic House leadership and President George Bush on an economic stimulus package which will give tax rebates of up to $600 for individuals. If the Senate agrees, the package will double the limit on expenses that businesses can write off, to $250,000 annually. It will make it easier to finance homeownership by raising caps on federal underwriting of loans.