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'
The republicans are acting as though the last 8 years never happened.
They are pushing for the same ole same ole that got us into this at the start.
They need to sit back and shut up for a while, so we can all clean up their mess.
McCain $15,000 credit for home ownership? FABULOUS REPUBLICAN MAGIC At 7 homes that is $105,000! It is no wonder the rich are mostly Republican! The problem with the Republican Party is they have no new ideas, TAX ÇUTS for business? YUP, trickle down at its best, made the pockets of CEO's everywhere happy. CEO's made mega bucks and the jobs went overseas. Those of us who are in trouble here are saying, "I want a job and health care". I am sorry to be so basic.
Please, at least have an idea. It would help if you actually talked to people in trouble, go to the local unemployment office. There are plenty of us to talk to.
Who cares what the loser of the election thinks?
Obama's already not sticking to his promises, Hillary is $5+ Mil in debt from her campaign, his choice for Health Sec doesn't think he needs to pay taxes....
No wonder we need a Stimulus Package – Obama's got to get his folks out of the headlines.
Teresa,dream on,"he lost" and so will the Republicans in 2010 if they keep opposing this bill,coz the people are tired of this partisan nonsense and appointing a blackman for chairman just to match Obama,just like they did with Sarah, he is no Obama,and Sarah was no Hilary!see what happened.I do not know my party anymore,might as well be independant than keep calling myself a republican!
Americans are sick of tax cuts for the super-wealthy. We voted against that in November. We want job creation and forward movement in this country, not just dumping more money to those who need it least.
If a thrashing in November didn't get the message through, nothing will.
As Jeff in Ohio at 9:38 said, McCain ran on this plan and lost – big time.
I support Mr. McCain's efforts to come up with a better plan, but I do not believe most tax payers are in a position to use tax relief to improve the economy. If the average household has $10,000 of credit card debt, how is $1,000 of tax relief going to stimulate the economy. We already know that it will be used to pay off debt or saved based on last year's stimulus checks. And why give a $15,000 tax credit to home buyers? This will only serve to put people in houses who don't have the means to buy (and maintain) a house at current market conditions. That's what subprime mortgages did!
I believe the entire stimulus plan should be about jobs, jobs, jobs! When people are employed they can buy things, including houses, and they can pay taxes so that NECESSARY government spending can continue. Just as importantly, the US can then make move stuff, provide more services, and contribute more to the global economy.
I've said it before and I will say it again...YOU CANNOT CUT TAXES WHILE SPENDING MORE MONEY AND TRY TO BALANCE THE BUDGET! These three things are not compatible.
John McCain's statement isn't news, it is just an extension of his beliefs. All during the campaign he was looking for tax relief and continued deregulation to fix America's problems because the foundations of our economy are strong. While he lost the election, he didn't learn from it and continues to press on in a hopeless battle that if corporations and the wealthy pay no taxes and aren't held to any standards, they will stand up and do the right thing. If only we all lived in John's magical world...
I am tired of hearing how the Republicans are fighting everything when they are the ones that got us in this nasty mess in the first place! They made the mess and they refuse to help fix it. Idiots!
The Republicans have had eight years to turn this crap around. All of a sudden they want the credit for turning this around. Something in the milkr ain't clean. Sounds to me like they're gearing up for 2012. I sincerely doubt that Barack Obama who ran an exceptional campaign would put a failed package out there that's doomed to failure. The Republicans still think that this is a country for the rich, by the rich and of the rich. Until they get rid of that philosopy and connect to the people that are really hurting, no one is going to fall for their shenanigans. They still think the American people are a bunch of ignorant idiots who can't think for themselves. Keep on and the doom of your party is certain.
This administration has been serious about negotiation even before 20 Jan. The Republicans have been singing the same song for 8 years that led us into this mess. Get on with it!!
We need jobs, not tax cuts!!!
The GOP are still in the "whats in it for me" mode
Put the money in into roads and infracture !
Why didn't he and the rest of the repubs have answers before now? They don't have any answers either. Both parties better come up with something.
WHO CARES WHAT MCCAIN SAYS OR DOES. OBVIOUSLY, THE AMERICAN PEOPLE DID NOT AND THAT IS WHY HE IS NOT IN OFFICE. WILL SOMEONE PLEASE DROP HIM OFF AT THE NEAREST NURSING HOME.
Thank God this man is NOT our President!
McCain doesn't even understand economics by his own admission. Please, this is news? I wouldn't expect him to actually stand by his pledge to support the President and bi-partisanship. He's a Republican.
Can someone explain to me how tax cuts are not spending? last time i checked tax revenue was how the government makes money so without bringing in that money by giving tax cuts they are baisically spending money!! Geeze! ridiculous! I say help with foreclosures, help with infrastructure and give them their tax cuts and call it a day.
Sorry John, Obama won because we liked his ideas better than yours. Get over it! Plus didn't your team get us in this trouble to begin with?
I guess McCain forgot that the people rejected his plan while he was running. That's why Mr Obama is now President Obama .
Wake Up! McCain. its Feb 2, 2009 ( Bush is not loneger in the White House)
I think when Republicans stop thinking like Republicans and think like Americans we'll get more things done. Instead of saying what are our issues and what needs to be done, Republican are says this is what we believe in this is our values. Enough of that Junk!
Uh huh....'"we are clearly prepared to sit down, discuss, negotiate, a try to get a stimulus package that will create jobs..." Where were your buddies in the House when Obama & Co. came looking for votes and changing the bill to suit Repubs? Oh, right...they were demanding changes and then voting against it anyway.
Why would anyone listen to Sen. McCain on economic issues, I wonder? You remember how in touch he was during his failed campaign for presidency? *chuckles*
Republicans (8 years of President and 10 of 12 year majority Congress) collapsed the economy and they still want to give advice?
News Flash: Your stupid trickle down theory DOES NOT WORK because of GREED. Wealth only trickles up!
Please refer to Great Depression of 1930s where greed and deregulation crushed economy. Had to be rescued by Dems and Roosevelt.
Let me see now, who was it just last Friday that said "bi-partisanship is overrated"?
Oh yeah, that was Michael Steele the head of the GOP.
For once I agree with the repubs.
So, McCain quit your hyporcritical b!$%hin', when Dems agree with Steele.
P.S. Obviously, the problem is not with Obama and the Dems but at the top of the RNC.
Wake Up! McCain. its Feb 2, 2009 ( Bush is no longer in the White House)
How is this a surprise? McCain admitted he didn't understand economics. He wouldn't see a good idea if it slapped him in the face.
But: "The fundamentals of the economy are strong".........