The GOP has drawn a line in the sand regarding President Obama’s latest economic stimulus proposal.
Republicans plan to test President Barack Obamaâ€™s commitment to bipartisanship as his $825 billion stimulus package heads to the floor of the House of Representatives this week, with the House Republican leader saying Sunday morning that many in his party will vote no unless there are significant changes to the plan.
â€œRight now, given the concerns that we have over the size of this package and all of the spending in this package, we donâ€™t think itâ€™s going to work,â€ the House Minority Leader John A. Boehner, Republican of Ohio, said on NBCâ€™s â€œMeet the Press.â€ â€œAnd so if itâ€™s the plan that I see today, put me down in the no column.â€
While the plan can potentially pass the Democrat-dominated House without Republican support, it will continue to face opposition when it comes before the Senate, said Senator John McCain of Arizona, speaking on â€œFox News Sunday.â€ At least two Republicans will need to approve the bill for a filibuster-proof majority vote of 60.
Senator McCain, who lost the presidential election to Mr. Obama in November, said that he planned to vote no unless the bill were changed.
â€œWe need to make tax cuts permanent, and we need to make a commitment that thereâ€™ll be no new taxes,â€ Mr. McCain said. â€œWe need to cut payroll taxes. We need to cut business taxes.â€
â€œWe need to have a commitment that after a couple of quarters of G.D.P. growth that we will embark on a path,â€ he said about the gross domestic product, â€œto reduce spending to get our budget in balance.â€
Both Boehner and McCain are RIGHT. The American economy needs a recovery plan but one that works, stimulates business activity and one that leads to MORE American jobs – and quickly.
Since the government will be running massive short term deficits anyway, why not suspend the payroll tax for workers and create an immediate tax credit to be applied to an employer’s share of the paytoll tax to business if they hire employees?
Sounds to simple, doesn’t it?
But, it is immediate and is what the economy needs.
Massive government spending without direction (Obama’s plan) is throwing money down a rat hole.
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