U.S. President George W. Bush and Congressional leaders from both political parties have reached agreement on US$150 billion in tax relief in an effort to help stimulate the United States economy. VOA White House Correspondent Scott Stearns has the story. The agreement includes provision to give up to US$600 in tax rebates to millions of wage earners and an additional US$300 refund for each child. It allows businesses to immediately write off 50 percent of capital equipment purchases.
The Congress wants to boost the economy.