Economy needs stimulus to help those who suffer

To the editor:

The aftermath of Sept. 11 echoes throughout the nation and world. Among its effects are an economic downturn that has turned into a recession and unemployment that is at its highest in a decade.

Economic incentive is clearly needed. Congress should act in a manner that will help those who bear the brunt: low-income workers, unemployed workers, immigrants and seniors in poverty. Congress and the president agree that an incentive plan should be temporary and help those who have been hurt and should not harm the economy long-term. The $99.5 billion House bill has little direct assistance to laid-off workers but focuses on tax cuts for corporations and upper-income families. With over 90 percent of the plan in tax cuts, it is inconsistent with the administration's own principles for an effective, fiscally responsible stimulus package.

This bill calls for about $25 billion in immediate tax rebates to large corporations that paid the low-rate alternative minimum tax over the past 15 years. There is no guarantee this money will be invested in plants or new products that result in more jobs.

I believe our government has an obligation to promote the general welfare and respond to the needs of people who are affected by the slowing economy. Stimulating actions should include rebates for those who did not benefit from this year's tax legislation and expanded health and unemployment benefits for the unemployed. Permanent tax cuts for corporations and wealthy individuals and measures that do not stimulate the economy immediately should be rejected.

HAZEL BLANK

Cape Girardeau