Watch McCain discuss the stimulus bill on American Morning Monday.
WASHINGTON (CNN) - Sen. John McCain says he'd vote against the bill backed by President Obama to pump up the economy.
The former GOP presidential nominee said Monday on CNN's "American Morning" that he's working with a group of fellow Republican senators to come up with an alternative package that emphasizes payroll tax cuts, incentives for people to stay in their homes, and an end to the stimulus spending when the economy begins to recover.
Related: Senators work for bipartisan support on stimulus
The Senate is expected to begin debate Monday on a nearly $900 billion stimulus plan. An $819 billion dollar version of the bill passed the House of Representatives last week without a single Republican vote. All 177 GOP House members voted against the legislation, saying it was too heavy on spending and too thin on tax cuts.
McCain's hungry for more tax cuts in the bill, saying "we would like too to see more incentives such as a $15,000 tax credit for home ownership. We would like to see elimination of these policy changes which have nothing to do with jobs, we want the stimulus package to focus on jobs."
And McCain says that some provisions in the current bill, crafted by Congressional Democrats, need to go, adding that "many of the policy changes they put in have nothing to do with stimulating the economy."
The senator from Arizona also called for serious negations with the Democrats who run the Senate, saying that '"we are clearly prepared to sit down, discuss, negotiate, a try to get a stimulus package that will create jobs. We all know how tough the economy is. It's been rammed through the Senate so far, we need to seriously negotiate. We haven't done that yet. We can do it, though."
More: McCain says Democrats need to 'seriously negotiate'
Put a sock in it grandpa. If America wanted your plan, we would have voted for you.
Didn't he lose the election because he totally crashed and burned on the economy...and now he is an expert?
I wonder who will be the moderator in these negotiations.
Can someone tell me how would the payroll tax cut help people in states where they already pay less taxes to the state and when time to file income tax they are paying more to the state than what they actually made. Something is wrong with this picture.
And for McCain to throw is weight around now is stupid. He wants to be the big dog in the Repub house again. McCain Thanks but No Thanks.
Why of course, a man who owns so many houses he can't remember them all would promise to vote against a bill designed to help. I'm soooo glad he lost the election.
Of course he'll vote against it... the fundamentals of the economy are sound remember?
soooo, McCain didnt mind signing the 1st bailout package" with NO supervision in it ! all of a sudden, he has disagreements with the currant package ? didnt it give the wealthy enough tax cuts ???
I SMELL A RAT !!!!
Let the "Do Nothing Congress" begin!
I'm sick-and-tired of this mess. The Republicans need to stop obstructing and begin cooperating on behalf of the American People, who are struggling to keep their heads above economic waters.
Finally John is against a bailout. It's about time. Call it a stimulus plan, or whatever you want.
Don't you get it he lost the election what else can he do?
He is for tax cut for the big corporations sharing tax payers money in bonuses. The same trickle down prosperity economy that got us in this mess.
He and he's collegues republicans share holders at exxon mobile love big profit money and do not care about the poors.
The repubs have wanted tax cuts every day of every year; before the financial collapse, after the financial collapse, it matters not. How could a tax cut help someone that lost their job? How can a tax cut help a company that has to close? How can a tax cut do ANYTHING except help the rich guys and their friends?
mccain you and your rich republican buddies HAD 8 years and the only people you helped was yourselves and your ceos and banking friends, not the American people who make up America, it's time for you and all the republicans to get out of the way so our new President can fix our country.
We need a Stimulus Package that is going to work!
Good luck turning this Pig into something that is good for the American Taxpayer!
Go get your teeth whitened, Mr. McCain. They are nasty.
So voted for Bush's stimulus... but not this time? I must say I do not approve of stimulus packages but to approve of one with out questions and disapprove the next because of a different party in charge sounds dishonest.
YES, McLoser, and I really do admire Senator McCain. Quit the grandstanding.
Do you really think people want to hear what the party who drove us into the ground has to say for a solution? Why can't it be Bi-partisan? Why does it have to be political? People are hurting out here.
While you are all at it, would you all vote to stop any Senators, Representatives, etc. that do NOT contribute to Social Security to no loonger have the gall to collect benefits they did not pay into?! How about it?
Of course he does! So we shouldn't spend money on infrastructure that is falling apart- I am sure those who had a bridge collapse underneath them, or levys break to flood an entire city would disagree... but they want tax cuts- surprise surprise! Republicans needs to sit back and let the dems drive for a while- because there way of thinking doesnt work- if it did we wouldnt need this stimulus package in the first place!
You want tax cuts John? How about a tax break for companies that hire US citizens. Of course not. The breaks you are talking about are more shifting the wealth to the CEO's and wall street. You know the people who got us in to this mess.
Alright guys, you don't seem to understand something. Seriously, CNN, post this. This is important. When President Bush gave out those stimulus checks to American families last year, did they help the economy? NO. Here's why. People used those checks to pay for things they already bought, as in paying off loans. That does NOT stimulate the economy at all. Give people more stimulus checks and they will do the same. Now, if you do something like give people more money of their paychecks to spend, then they might spend it on items they haven't already bought. Get it? Hopefully. This is why stimulus checks for people at the bottom don't work. A lot of you are commenting saying they work, when they really don't for these reasons.
Sorry McBush, those policies had eight years to ruin the country. Why don't we try something that isn't directly out of Reagan's butt?
Good job McCain! This over bloated worthless stimulus package needs a major overhaul. Dont forget we are also in debt and most likely will be speaking Chinese in about four years.
I think the $15,000 credit is a great idea, as long as it includes those individuals that purchased homes in 2008, since we were the ones who kept the economy afloat at all last year. I also think an easier thing would be to allow individuals to right off the loss from a sale of their home on taxes. This would encourage people to drop prices and get the houses that they bought two or three years ago sold and get the market moving in volume again. If anything has been proven this year is that houses will sell and move if the prices drop.
right, because we all voted for john mccain last november. if we wanted your input mccain, you wouldnt be a senator right now.
THATS WHY YOU LOST YOU LOSER!!!!!
You and your party of old worn out ideas that don't work, LOST. Get with the program...times are a changin'.