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'
"Does it take effect in the next year or so, and does it create jobs?"
Since it is an economic stimulus package, it makes sense that these are the questions that should be asked. Alot of the programs may be worthwhile but that isn't the purpose of this bill. The urgency of this bill is because it is for the purpose of stimulating the economy. PERIOD.
Vindictive little man.
Why in the world would anybody that's sane would listen to this man, he knows little to nothing about economic issues and now he wants to come up with a new plan, him and a few of those good ole boys, hell NO!!. Mcain knows ZERO about the economy and those idiots that keep crying to much spending and not enough tax cuts are the same bush republicians that have us where we are now. Come on people wake up the republican are still in the bush mind set doing nothing to help anybody but themselfs. I hope Pres Obama say to hell with them all and do his own thing
I think Cindy forgot to give John his meds this morning.
Funny, the Republicans never "negotiated" with the Democrats when they had the upper hand; they just bullied. I guess they have that "treat us how we tell you, not how we treated you" hypocrisy . . . but who would have EVER thought the conservatives could be hypocritical?
February 2nd, 2009 9:41 am ET
Hang in their Republicans. Don't let the Dems run any more entitlement programs down our throats.
Teresa, your another Repub Idiot, Where were your beloved Repbub leaders for the last 8 years.? Spending , Spending , Spending. You and the rest of the Neocons are a joke!
and this comes from a guy who ... in his own words said... "I dont know very much about the economy"
Good for him, sounds like somebody know how economics work. Not only does Obama not have a clue, but his English is terrible. Was that ebonics that he was speaking yesterday. Sad that is the best we have.
"tax cuts for businesses" = double-speak for "trickle down economics"
and I think we all know how well that theory works..i.e., IT DOESN'T
A businessman who receives tax cuts in this upside-down stagnant economy is NOT going to turn those savings into a new job...he's going to pocket that money for a rainy day...oh wait, it's already raining. Heck, they pocket it even when times are good. Trickle-down voodoo is all GOPer smoke and mirrors.
"The fundamentals for our economy are strong. What? You mean the fundamentals of our economy aren't strong and I'm still a Senator? Never mind!"
i think the republicans,don't know there have lost the election,the people of America are for the democrats i hope Obama is not going to give up his agenda for the unity ,the Republicans have an other angenda and exact this is we don't need after 8 YEARS,i am sick of them.
My comments are not even showing as pending.
Does it take effect in the next year or so, and does it create jobs?
Use common sense and forget about Republican / Democrat or Obama / McCain because this is about the economy and creating a bill that serves it's purpose of stimulating the economy the fastest way possible. It is not about anything else.
BAIL OUT STUDENT LOANS.
If the government bailed out student loans in some form, students like me would graduate, buy houses, buy new cars, furnish the homes, fill up with gas, and start America's future. Now we are living at home and buying used cars.
Bail out students like me! We are future doctors, teachers, autoworkers, builders ect. We are the best in the field with the newest information and technology fresh in our education. Bailout the students to jumpstart the economy!
The beginning of the end for the Republican Party. The party's over, in more ways than one.
And we're supposed to listen to the economic comments of a guy who said that the fundamentals of our economy were sound? That, paraphrasing, nothing was wrong and we weren't in a recession?
Yeah. Right. Uh huh.
This is the same man who said the fundamentals of our economy were sound as we were headed into a freefall. Democrats must be careful as the stimulus package must address 3 issues only: job creation, housing crisis, and stabilization of the financial system. Everything else must be removed and considered for battle another day. Otherwise, democrats risk losing the support of the American people. I do agree with McCain on one point and that is Democrats must consider ideas/suggestions from Republicans. The reason is not for bi-partisan, but rather to ensure the best ideas from both parties are crafted into the bill. Democrats must not behave like the Republicans of the last 8 years.
payroll tax cuts do not help if you don't have a job to begin with. republicans have never been out of a job. republicans use tax cuts to appear as the party that is for the people. however they are borderline criminals at this point. mccain admitted he knew little about the economy. he is proving it right now
American's voted for change. McCain is just doing what Obama said he would. KEEP WITH THE BUSH POLICIES THE ENTIRE TIME.. apparently mccain hasn't realized HE LOST
... and for the record, Republicans are NOT irrelevant. McCain garnered 47 million votes, and 177 of 435 house members are replubicans. We are ALL Americans, and ALL deserve representation. McCain's loss was hardly the "landslide" some people here make it out to be.
For those who feel otherwise, or dispute the need for two parties, I suggest you read George Orwell's Animal Farm.
there is too much pork in this bill , they need to focus on the necessary items , like the unemployment and medical and housing before they worry about child care on military bases and birth control..
This bill is NOT a stimulus. It is an extra budgeting of our money for all kinds of random things that the Dems wanted to do for the past 8 years.
The DANGER of it is that they are calling this a measure to help the economy when no such help will occur. Good grief, birth control?? At least they were called out on that nonsense.
Most of these comments are just hateful.
People on both sides are upset with this bloated bill and its good to see that McCain is working to fix it.
Cutting taxes on someone who doesnt have a job does not solve anything. But what do you expect from someone who said our economy is in good shape.
Remember: 48% of people voted against Obama.
Last I checked, the people that ran the country a few weeks ago are still running the country. Those are the hard working Americans that pay the majority of the taxes. Without tax cuts, especially the corporate tax, the people paying the majority of taxes will continue to take business elsewhwere. We can't have such narrow thinking amongst the majority of US citizens that now we have this knight in shining armor at the helm and everything has changed. It hasn't, the people that were in charge (capitalists) are still in charge.