GOP Members Forging Alternative Bailout Plan!!!

cnbc ^

[Eric in the Ozarks]

Preferred stock. Good first step.

[Miss Didi]

Is this good? Is this what the Senate will vote on?

[ilgipper]

Looks good to me. That suspension of capital gains taxes will get knocked out because it undermines the who purpose of Obama and liberalism, though.

[CPT Clay]

Hope it sets up something like the resolution trust corportation.

[goldstategop]

Sounds good. If the socialist bailout passes the Senate tomorrow night, the House GOP should do a "gut and amend" maneuver. Hopefully, that bring a good plan back to the Senate.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[screaminsunshine]

Fine and dandy. But what about the fact the housing market still has a long way to drop. I think it was overvalued since 2003 and needs to go down to those levels.

[icwhatudo]

Wow, I like it! Especially this:

"Allow a "repatriation window" for profits earned by U.S. firms overseas. Such repatriation amounts would not be taxed if invested in distressed debt"

[CPT Clay]

Allow a “repatriation window” for profits earned by U.S. firms overseas. Such repatriation amounts would not be taxed if invested in distressed debt (as defined by Treasury) for at least one year.

Pretty Good Idea!!!

[hemogoblin]

I would like to add some resignations to the list of features.

[Beowulf9]

But after two years what then happens to the Capital Gains tax rate?

[gusopol3]

Allow a "repatriation window" for profits earned by U.S. firms overseas. Such repatriation amounts would not be taxed if invested in distressed debt (as defined by Treasury) for at least one year.

this sounds like a bad bet to me.

[thefrankbaum]

A much better plan, IMHO, and it addresses some of the underlying root causes of the problem.

[gop4lyf]

Didn’t 0bama say today that he is open to other ideas? Well, we shall see if he is as good as his word. Not holing my breath though.

[cw35]

I have a sick feeling that the bill the Senate is voting on will pass the house. I give the odds 80% that it does unfortunately.

[ken21]

pubbies,

showing life?

[Question Liberal Authority]

There’s some very good, creative ideas here. I especially like the repatriation of offshore money.

[A message]

Suspend the capital gains tax rate for two years

[Miss Didi]

I was on the other Senate thread where Michelle Malkin has some scoop that they were revising the Senate bill and loading it up with pork before the 9 p.m. vote tomorrow. My question was, why would McCain vote for something like that if he is Mr. Anti-Pork? Also, how does that back and forth thing work between the Senate and House?

[Lady Heron]

Limit backing of high-risk loans by Fannie Mae and Freddie Mac

It is about time! It is ridiculous to even think about a plan that does not address the cause of the problem in the first place.