WASHINGTON -(Dow Jones)- President Obama is pushing for a proposal that would provide seniors, veterans and people with disabilities a $250 payment, extending for one year a program initially included in the $787 billion economic-stimulus plan.
"These payments will provide aid to more than 50 million people in the coming year, relief that will not only make a difference for them, but for our economy as a whole, complementing the tax cuts we’ve provided working families and small businesses through the Recovery Act," Obama said in a statement.
The White House said 57 million people would benefit from the extension, which would cost $13 billion.
-By Henry J. Pulizzi, Dow Jones Newswires; 202-862-9256; henry.pulizzi@ dowjones.com
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