Bush Calls for Up to $150 Billion In Stimulus to Boost Economy

By Henry J. Pulizzi, Wall Street

Journal

WASHINGTON -- President George W. Bush called for tax incentives for businesses and "direct and rapid" tax relief for individuals, saying a stimulus package should be passed as soon as possible to shield the U.S. economy from a steep downturn.

"This growth package must be built on broad based tax relief that will directly affect economic growth and not the kind of spending projects that will have little impact on our economy," Mr. Bush said in brief remarks from the White House.