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Senate Republicans propose alternative stimulus ($445 billion, 1/2 the cost of the Dem version)
Reuters ^ | 020309 | Richard Cowan and Jeremy Pelofsky

Posted on 02/03/2009 3:07:56 PM PST by Fred

Republicans in the U.S. Senate on Tuesday unveiled their own, cheaper economic stimulus package focused on tax cuts, pushing back against an $885 billion Democratic plan they say encourages too much new spending.

As the Democratic-controlled Senate began thrashing out possible changes to the rescue package President Barack Obama has sought, Republicans indicated they may play hardball ahead of a vote that will require at least some Republican support.

"The American people are beginning to figure out what this package is, that it's not a stimulus package it's a spending package," said Sen. John McCain, an Arizona Republican who lost to Obama in the 2008 presidential election.

The package put forward by McCain and others was priced at $445 billion, half the cost of the Democratic version.

It centered on cutting in half a 6.2 percent payroll tax on employees, cutting the corporate tax rate to 25 percent from 35 percent and lowering the bottom two income tax brackets to 10 percent and 5 percent, all for one year.

McCain and Sens. Lindsey Graham of South Carolina, John Thune of South Dakota, Richard Burr of North Carolina and Mel Martinez of Florida also proposed $11 billion to prevent home foreclosures and $65 billion in state grants to build and repair bridges and roads.

(Excerpt) Read more at ca.news.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 111th; bailout; bho2009; bho44; bhostimulus; congress; corruption; cultureofcorruption; economy; gopstimulus; mccain; porkulus; republicans; stimuless; stimulus
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To: Fred

It’s still too much. What pantywaists, more stupid grandstanding.


21 posted on 02/03/2009 4:49:10 PM PST by La Enchiladita (God help us)
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To: La Enchiladita

I think every Republican including the RINOs (yes, that means you McLame and
Gramnesty)needs to gather ‘round the DeMint plan.


22 posted on 02/03/2009 5:39:06 PM PST by oiler (Reagan Republicans Unite!!!!! It's the Freedom, stupid. Palin/Jindal/DeMint/Pence 2012)
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To: Fred

A tax cut, as proposed by the Republicans, is at least a stimulus- which is more than could be said for the Democrat “stimulus”.

Reducing the rates on cap gains and the top tax brackets would give the bill a lot more punch and be a lot more worthwhile.


23 posted on 02/03/2009 6:03:05 PM PST by I_Like_Spam
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To: AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; justiceseeker93; ..

Palin on the Stimulus: ‘I Agree With the Decision to Vote NO.’
NRO | February 03, 2009 | Jim Geraghty
Posted on 02/03/2009 4:32:59 PM PST by redk
http://www.freerepublic.com/focus/f-news/2177787/posts

Must see: Mark Sanford carves up the stimulus
Hotair | 02/03/2009 | Allahpundit
Posted on 02/03/2009 5:34:18 PM PST by JRochelle
http://www.freerepublic.com/focus/f-news/2177831/posts

Surveying Republican Governors on the Stimulus Bill
NRO | February 03, 2009 | Mark Hemingway
Posted on 02/03/2009 3:41:46 PM PST by redk
http://www.freerepublic.com/focus/f-news/2177760/posts

READ IT:
Complete text of HR1
The American Recovery and Reinvestment Act of 2009 [Barf ALERT]
US Senate | 2/3/09 | Congress
Posted on 02/03/2009 12:21:58 PM PST by XR7
http://www.freerepublic.com/focus/f-news/2177618/posts


24 posted on 02/03/2009 6:44:48 PM PST by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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To: skully
Its still 445 billion too much

This is insane - $445B almost looks like a deal. I can't quite read that number and think about the $400B we're "saving" compared to the Dems plan, but I imagine a lot of people do just that.

25 posted on 02/03/2009 6:49:32 PM PST by MathDoc (Don't blame me, I voted for Governor Palin and the wrinkly white-haired guy)
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To: Fred; PhiKapMom

Proposal has not seen the light of day.

Scream from the mountain tops.

pkm; Did you see Senator Coburn speak on C-span last night?

He rocks!!!


26 posted on 02/04/2009 7:01:59 AM PST by CPT Clay (Drill ANWR, Personal Accounts NOW ,)
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To: Fred
IMHO, we don't need another stimulus package....just cut spending by more than we cut taxes....and cut taxes NOW...that's all we need...outside an energy policy that focuses on exploiting our own natural resources...

Fiscal responsibility, sound tax policy, and a free market are all we need with little government intervention other than some oversite,.....is all we need....

Yes, in the short term it may hurt....but in the long term...we will be much better off...

But what do I know....appears the congress critters are the experts....their track record speaks for itself...
27 posted on 02/04/2009 7:12:48 AM PST by PigRigger (Donate to http://www.AdoptAPlatoon.org - The Troops have our front covered, let's guard their backs!)
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To: Free America52

So do I, and we know Dems will insist on spending, spending, spending. My hope is Repubs can slow them down, and delete some of the pork.


28 posted on 02/04/2009 5:36:57 PM PST by Kackikat (.It's NOT over until it's over and it's NOT over yet....The Trumpet will sound....)
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To: Kackikat

To me it’s better if the Republicans just don’t support the bill at all. It’s not going to work. And if any of their proposals get accepted and passed, the Democrats can just come back later, as always, and say, “Well it’s the Republicans’ fault because they were mean and made us take out the parts of the bill that would have really worked to stimulate the economy.” Never compromise with a Democrat - it’ll come back to bite you later. Unite like the House and vote against it. They have enough votes in the Senate without the Republicans - let the Demons take complete ownership of this boondoggle!!


29 posted on 02/04/2009 5:43:15 PM PST by American72 (Sick of Liberals)
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