Cole Applauds Bipartisan Economic Growth Package

WASHINGTON – Congressman Tom Cole (OK-04) gave the following statement today following the passage of H.R. 5140, the Economic Stimulus Package. The bill is designed to boost the economy, create jobs and give money back to America's taxpayers.

"Today the House of Representatives finally did what the American people have been demanding we do for well over a year - set aside our partisan differences and do what is right for the country. By giving taxpayers and small businesses broad based tax relief without creating wasteful government programs, we have established a sound foundation for economic recovery. Neither side got everything they wanted in this package which is usually the hallmark of a pretty good deal. I hope the U.S. Senate can take a page from our playbook and set aside partisanship for the sake of our nation's economic well being."

The bill includes instructions to provide rebates ranging from $300 to $1,200 to America's 117 million families. The bill also calls for $150 billon dollars in tax relief to be given to small businesses. The Economic Stimulus Package passed in the House this afternoon by 385 to 35.

###