McCain-led Republicans Craft Alternative to Obama Stimulus Package
World | February 4, 2009, Wednesday
After failing to beat him for the US Presidency, the Republican Senator from Arizona John McCain is now challenging Barack Obama with an alternative economic stimulus plan. Photo by BGNES
Five Republican Senators led by the former presidential candidate John McCain put forth Tuesday an economy stimulus plan of their own challenging the USD 885 B bill of the new US President Barack Obama.
"I cannot and do not support the package on the table from the Democrats and the Obama Administration. Our country does not need just another spending bill, particularly not one that will load future generations with the burden of massive debt", McCain said in an email as quoted by the Washington Times.
As the Senate is to vote on the proposed Obama stimulus bill to aid the ailing US economy, the Administration is attempting to attract Republican support. While the bill has been passed by the House of Representatives, it did so without a single Republican vote in favor.
The alternative Republican plan presented by John McCain on Tuesday is half the cost of the Obama Plan - about USD 445 B. It focuses on tax cuts such as reducing the payroll tax on employees and the corporate tax rate.
The Democratic Senate Majority Leader Harry Reid has stated the Republicans' ideas would be taken into account but that the Democrats want to have the Obama bill passed by Friday.
"I cannot and do not support the package on the table from the Democrats and the Obama Administration. Our country does not need just another spending bill, particularly not one that will load future generations with the burden of massive debt", McCain said in an email as quoted by the Washington Times.
As the Senate is to vote on the proposed Obama stimulus bill to aid the ailing US economy, the Administration is attempting to attract Republican support. While the bill has been passed by the House of Representatives, it did so without a single Republican vote in favor.
The alternative Republican plan presented by John McCain on Tuesday is half the cost of the Obama Plan - about USD 445 B. It focuses on tax cuts such as reducing the payroll tax on employees and the corporate tax rate.
The Democratic Senate Majority Leader Harry Reid has stated the Republicans' ideas would be taken into account but that the Democrats want to have the Obama bill passed by Friday.
» Subscribe to receive alerts by email for any of these keywords.
Share:
