Lieberman calls for economic stimulus package

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San Francisco--Senator Joseph Lieberman, D-Conn., Tuesday said that Congress "should use the lame duck session to deal with our lame economy."

In a keynote address at the Direct Marketing Association's Annual Conference & Exhibition in San Francisco, Lieberman said the country needs an "overarching strategy for growth" and an "immediate economic stimulus and recovery plan."

”The fact is we cannot wait any longer for the natural forces to pull this economy out of the ditch of stagnation that it is in," he said.

Lieberman listed several possible components of an economic stimulus plan, including tax credits for the purchase of information technology and zero capital gains taxes on investments in new companies that are held for three years. "We've got to revitalize business investment," he said.

Lieberman praised President Bush for his handling of the war on terrorism but said the administration has not done enough to address the nation's economic problems. "The American people elect and expect a president to deal with more than one important problem at a time," he said.

--John Obrecht

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