What the @#$% are we going to do now? They are going to blame us for all this @#$% that resulted from the last eight years ...
Far from rolling over, House Republican leaders are trying to win concessions from President Obama over the massive economic stimulus package and have proffered a bill of their own to put on the negotiating table.
The counter-package, which is separate from a substitute amendment already proposed by House Republicans, would shift focus entirely from spending to tax relief. Though a full House vote on the Democratic package is expected in a matter of hours and President Obama said he's confident it will pass, GOP lawmakers are hoping their proposal at least influences the final product.
In a brief session with reporters Wednesday, Republicans panned the $825 billion proposal under consideration as a "non-stimulus" bill chock full of gift-wrapped spending items.
"People are recognizing very quickly that's it's not one, stimulative, and two, it's full of all sorts of things that are sort of favorite political projects of the Democrat majority," said Rep. Tom Price, R-Ga., chairman of the Republican Study Committee.
"If government spending was going to get us out of this mess, we'd have been out a long time ago, because that's all we've been doing," said Rep. Jim Jordan, R-Ohio. "This is not going to work. That's why we've got a bill we think will work."
Their bill, called the Economic Recovery and Middle-Class Tax Relief Act of 2009, promises a host of tax-cutting measures. It includes a 5 percent "across the board" income tax cut; an increase in the child tax credit from $1,000 to $5,000; a freeze on capital gains and dividends tax rates at 15 percent; and a number of other measures targeted toward businesses.
The counter-package, which is separate from a substitute amendment already proposed by House Republicans, would shift focus entirely from spending to tax relief. Though a full House vote on the Democratic package is expected in a matter of hours and President Obama said he's confident it will pass, GOP lawmakers are hoping their proposal at least influences the final product.
In a brief session with reporters Wednesday, Republicans panned the $825 billion proposal under consideration as a "non-stimulus" bill chock full of gift-wrapped spending items.
"People are recognizing very quickly that's it's not one, stimulative, and two, it's full of all sorts of things that are sort of favorite political projects of the Democrat majority," said Rep. Tom Price, R-Ga., chairman of the Republican Study Committee.
"If government spending was going to get us out of this mess, we'd have been out a long time ago, because that's all we've been doing," said Rep. Jim Jordan, R-Ohio. "This is not going to work. That's why we've got a bill we think will work."
Their bill, called the Economic Recovery and Middle-Class Tax Relief Act of 2009, promises a host of tax-cutting measures. It includes a 5 percent "across the board" income tax cut; an increase in the child tax credit from $1,000 to $5,000; a freeze on capital gains and dividends tax rates at 15 percent; and a number of other measures targeted toward businesses.
No comments:
Post a Comment