POLICY: When More Is Not Enough

Prodded by a desire to placate critics and offset the depressing effect of this winter's deep freeze, the Carter Administration last week unveiled a bigger-than-expected package of stimulus to spur the nation's economic growth. The program presented to Congress calls for pumping $31.2 billion into the economy over the next 20 months through a combination of tax cuts, including a one-shot $50 tax rebate for almost every American, and increased Government spending to reduce unemployment. The plan, which was estimated to cost $23 billion to $30 billion when it was first announced...

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