House Majority Leader Steny H. Hoyer said Sunday that Democratic leaders are working with the Obama transition team on an economic stimulus package that will likely be offered to Obama after he takes office in January.
"We don't know how big it will be," Hoyer said in an interview on Fox News Sunday. "I'm not talking numbers right now."
Host Chris Wallace asked House Minority Leader John Boehner, (R-Ohio), who was seated beside Hoyer, (D-Md.) if the news gave him " tremendous heartburn."
"No, I think American families and small businesses are struggling," Boehner said. "I've put an economic stimulus plan out some six or eight weeks ago that basically says that if we're really serious about creating jobs what we ought to do is eliminate the capital gains tax for the next two years on any equities that are purchased. Why not lower capital gains taxes and corporate income taxes for corporations in America to help keep jobs here?"
Then, more to the point, he added: "If we want to create jobs now, if we want to create certainty now, why wouldn't we lower taxes? Boehner added. "And, If we really want to help the economy, why wouldn't we have the president elect say 'I am not going to raise taxes on any American in my first two years in office?'"
Following up, Wallace asked Hoyer if Democratic leaders would 'delay tax increases' for a couple of years.
"President Obama has said and we agree that we're going to lower taxes on 95 percent of Americans who are hurting, who are struggling, who are having a tough time," Hoyer said.