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ACCF Supports Pro-Growth Economic Stimulus
BBC World News
January 18, 2008
| With the U.S. economy weakening, President
Bush, members of Congress, and the leading presidential candidates
from both parties are considering an array of fiscal policy incentives
designed to bolster U.S. business investment and consumer spending.
“Policymakers are right to focus on a fiscal stimulus package
designed to boost the sagging U.S. economy,” ACCF President Mark
Bloomfield told “BBC World” viewers on January 18. “BBC
World” is the BBC’s commercially funded 24-hour news and
information channel broadcast in more than 200 countries and territories
across the globe. With an audience of some 76 million, it is the BBC’s
biggest television service. |
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Mark Bloomfield (right) talks with BBC Washington Bureau Chief
Andrew Steel before the “BBC World” interview. |
With the U.S. economy weakening, President Bush, members of Congress,
and the leading presidential candidates from both parties are considering
an array of fiscal policy incentives designed to bolster U.S. business
investment and consumer spending. “Policymakers are right to focus
on a fiscal stimulus package designed to boost the sagging U.S. economy,”
ACCF President Mark Bloomfield told “BBC World” viewers on January
18. “BBC World” is the BBC’s commercially funded 24-hour
news and information channel broadcast in more than 200 countries and
territories across the globe. With an audience of some 76 million, it
is the BBC’s biggest television service.
President Bush called on Congress to work with him on an economic growth
package that is “big enough to make a difference” in the U.S.
economy and that promotes both business investment and consumer spending.
But, to put the economy on the right path, the ACCF believes the stimulus
package should be larger than President Bush proposed with a focus on
tax cuts, including cuts for business investment. Bloomfield called attention
to new ACCF study, “The Role of Fiscal Policy in The Post-2001 U.S.
Economic Expansion.” The study underscores the positive role that
fiscal stimulus played in 2001-2003 economic slowdown. “We commend
President Bush’s leadership in setting out the principles of an effective
growth plan but the U.S. economy needs a boost equal to 2 percent of GDP
to get the job done,” Bloomfield said.
Click
here to see the video.
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