• House Republicans' alternative stimulus plan focuses on tax cuts
source: http://news.yahoo.com/s/ap/20090123/ap_on_go_co/republicans_economy
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- gaiusfurius
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WASHINGTON – House Republican leaders presented President Barack Obama on Friday with proposals to stimulate the economy that rely exclusively on tax cuts and envision none of the federal spending backed by Democrats and the administration.
The alternative includes across-the-board cuts in the two lowest income tax brackets, placing unemployment benefits off-limits to taxation and a new $7,500 break for home buyers who make a minimum down payment of 5 percent.
Another provision would also cut taxes for small businesses.
Republican Reps. John Boehner of Ohio and Eric Cantor of Virginia outlined the approach at a White House meeting with congressional leaders of both parties at which Obama urged passage of legislation by early February to revive the economy.
House Democrats plan a vote next week on an $825 billion plan that includes about $275 billion in tax cuts and $550 billion in new spending. Much of the spending would come in politically popular areas such as health care, food stamps and road construction and would include money designed to blunt the impact of state budget cuts affecting schools.
The GOP alternative reflected fault lines in the debate over the first major issue to arise since Obama and the new Democratic-controlled Congress took office.
"Rather than spending too much, too late as the congressional proposal does, our proposals let the American people keep more of what they earn to spur investment, encourage savings and create more.
The reported NEW plan offered President Obama a severance package consisting of a knapsack, a wooden pole with a bandanna, in the bandanna were 2 creamy peanut butter sandwiches"no jelly" and a printed note which read "were given you a 10 minute head start" When President Obama pointed out that creamy peanut butter might contain Salmonella bacteria, the Republican spokeperson said"you are a smart one aren't you?"
The alternative includes across-the-board cuts in the two lowest income tax brackets, placing unemployment benefits off-limits to taxation and a new $7,500 break for home buyers who make a minimum down payment of 5 percent.
Another provision would also cut taxes for small businesses.
Republican Reps. John Boehner of Ohio and Eric Cantor of Virginia outlined the approach at a White House meeting with congressional leaders of both parties at which Obama urged passage of legislation by early February to revive the economy.
House Democrats plan a vote next week on an $825 billion plan that includes about $275 billion in tax cuts and $550 billion in new spending. Much of the spending would come in politically popular areas such as health care, food stamps and road construction and would include money designed to blunt the impact of state budget cuts affecting schools.
The GOP alternative reflected fault lines in the debate over the first major issue to arise since Obama and the new Democratic-controlled Congress took office.
"Rather than spending too much, too late as the congressional proposal does, our proposals let the American people keep more of what they earn to spur investment, encourage savings and create more.
The reported NEW plan offered President Obama a severance package consisting of a knapsack, a wooden pole with a bandanna, in the bandanna were 2 creamy peanut butter sandwiches"no jelly" and a printed note which read "were given you a 10 minute head start" When President Obama pointed out that creamy peanut butter might contain Salmonella bacteria, the Republican spokeperson said"you are a smart one aren't you?"
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- tags:
- Joke, GOOD, Sarcasm, funny now?
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ejasun
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It's All about the "GREENBACK'S"
He has 100 days to prove something!?
Another provision would also cut taxes for small businesses. would help.
Youth Programs to stimulate mentoring would be a start?
- 3 years ago
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ejasun
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gaiusfurius
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I agree Jahbini, a Little late to start acting prudent. But someone needs to.
- 3 years ago
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gaiusfurius
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jahbini
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Great: Bush gives away the shop, and only then do our Republican "protectors" think about reducing taxes for the working poor.
QQQQ
- 3 years ago
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jahbini
