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'
All of a sudden the republiklans now know how to read a bill? lol!
...when it was their toy GW Dubya was in the white house for 8yrs raping the american economy & spending billions recklessly in irak these deuce bags didn't give a hoot!
When you have bigots like rush limbaugh & sean hannity translate the stimulus package to you, then you are surely in the league of the likes of John McSeniles who DO NOT understand a word in economics!
The Republican Party is continuing to be and will be the downfall of this country.
Axel February 2nd, 2009 10:28 am ET
"A payroll tax cut doesn't do much good if you aren't on payroll…."
A payroll tax cut helps everyone. It gives relief to the employee and to the employer. As someone who is both, (I employ a caretaker) and the taxes alone the we pay our employee is ridiculous. That money would be a huge help to us! I could potential hire and additional person part-time. Reducing the employer costs helps their budget and can help save/create jobs.
McCain is a spoiler. Remember He thought the economy was stable. He is a sore loser and the Republicans are making a big mistake with this one.
I may agree there are a few, maybe too much "Pork" in the Nancy Pelosi (House) Bill. But, whats-up with losing and confused McCain and the Repubs with their anthem; tax cut, tax cut, tax cut talk. Whose tax will we be cutting, the "fired 2m and counting" or the big corp that is not reinvesting in America (yes, the same ones that are firing, left, right and center). Does anyboby in a sane frame-of-mind beleive that tax cut will create or save any job NOW. I must confess that a little tax cut (but to the right category) as incentives is good, but right now and looking ahead, we need more spending on infrastucture etc to create jobs and set a solid foundation for our children.
McCain by his statements has proved that had he won it would have been 4 more years of the same failed policies..............Hey John, you guys need to come up with something new......MORE TAX CUTS for you rich buddies has not worked in 8 years
Totally out-of-touch, 12 houses, comb-over McCain
I am having a hard time figuring out how spending 900 billion of our money will stimulate the economy. how can you get out of debt if you keep spending money .it doesnt make sense.
Now we are really starting to see Obama's lack of experience at play. More and more Americans are starting to realize they got swept up in this Obama madness and really never looked at his platform, just stared at him googly eyed while he read speeches he did not even write.
This guys first act as president is to address the muslim community?? The same people that have been murdering innocents, killing Americans, and causing trouble all over the world and are building bigger and stronger weapons to attack us with.
We have serious economic problems here Obama, worry about the muslims later, maybe worry about the millions of Africans being systematically raped, burned, hacked and made into refugees by arab muslims.
Yes, payroll tax cuts do stimulate and help the economy, less money taken off your pay for taxes, more money to spend and inject into the economy...any one here thinking differently is only saying so because they are so left wing and are hoping their vote for Hussein Obama was not the wrong one....time will show it was, and the highlight of Obamas carreer as president will only be his speeches before he was sworn in......no action on the ground...and only left wing socialist ideas to fix the economy.
Also, another 30,000 troops to afghanistan.....hmmm, Bush didnt even do that....where is all this change, and hope Obama promised....now he is starting to see that the moves Bush made were necessary for the security of America........Obama is not suited to be President of the United States.....
"End to the stimulus when the economy begins to recover." That right there shows how wrong Republicans are about this. First of all most people (i.e., everyone who is not a Republican) realize that, just like we were in a recession long before anyone officially called it – by about a year – we will be out of a recession before we can officially say so. Second, it seems to me that cutting the legs out from under an economy that is "starting" to come back is a good way to prevent it from doing so.
I think the Republican party stayed at a Holiday Inn Express last night.
Can you say,"Herbert Hoover?"
Just like W and most other Republicans, Senator McCain seems to think that all are as well off financially as his banking buddies. Therefore, the economy is ok and that all we really must do is make sure the banking and insurance company execs are not having to give up their their country club memberships, private planes and golfing excursions. Surely, Senator McCain seems to think, if we take care of the wealthy, they will share their cake with the rest of us.
Let's stimulate the economy with real stimulus. While I do not have all the details on the stimulus, I believe the part that has to do with "Birth Control" is extremely ridiculous. This is what getsmet upsetwith politics and I'll take this to Obama. What de heck is the "birth control" allocation going to stimulate the economy. Do you mean stimulating sex or something. Can we be real. We need jobs; we need something to joke the economy. If that all you have, please, take the allocation for birth control and pay it back into the deficit.
We ought to be real this time. Wall Street and Bush squuandered our $700B with no trace. Please let'snot take the American people and their vote for a ride. Get us back to work.
8 years of tax cuts and now we are near a depression....
the repubs of course want more of the same.... we will sink further into a depression
ECONOMISTS SAY TAX CUTS DO NOT STIMULATE THE ECONOMY.. THEY JUST GET THE RICH RICHER... WHAT MORE EVIDENCE DO YOU NEED. JUST LOOK AT THE COUNTRY TODAY.
How does a 15,000 tax credit to buy a house going to stimulate the economy particularly when so many people are losing their jobs.
TO THE DEMOCRATS IN POWER; Don't let these old, washed up crybabies push us around. REMEMBER what it was like when they were in power, did they listen to us? Hell no, they laughed in our faces. Let the bigots whine all they want.
TO THE REPUBLICAN LOSERS; Look what the hell your ideas have done to us. You creeps know this is your fault, now you want to demand and threaten us? Take McCain, Boehner and that butt ugly Mitch McConnell and go away with your tails between your legs. IDIOTS
After eight years of tax cuts from Republicans, you'd think the recession we're in would be enough.
But, nope. The GOP are pushing for ... what? A depression?
McCain is right on this one – donations to old (Acorn) and new allies is not stimulus for the economy! – Call it what it is – more paybacks to groups who gave suport during the recent election. This bill needs severe over-haul or the American people will be saddles with the biggest debt in history! And there is no evidence that these kinds of hand-outs have stimulated anything but more irresponibility! The sitting congress for the past eight years bears much responsibility for this present situation!!
We have had a majority of Democrats in the Senate and House for a while now...does anyone ever think of that? Our government is made up of checks and balances so that one man cannot run our entire country by his own power, thus creating a Dictatorship. Hmm...so maybe the Democrats voted through some of Bush's bills because they had no better ideas themselves? Or perhaps some of this is their fault too? Why do you feel the need to blame one person solely? There is greed in our big business, thats the biggest problem. It is CEO's who are causing us these problems with their greed.
Looking at the below responses of these liberal DEMwits, it is easy to see how they voted for Obummer (no substance, just style)...
If they would actually take the time and effort to read the specifics of the stimulus package (I know that's asking alot from these idiots), they would see some of the outrageous spending plans that are in no way, shape, or form related to "stimulating" the economy (they are social-political oriented spending programs). This is what is up for discussion.
Your Democratic Party...."I don't need to be good, I just need to look good!"
poor,poor mcsame. 1st he said the economy was sound (wrong), he's not sure how many houses he owns (8), then he picks sara (the pitbull in lipstick,her words not mine) as a running mate. So who in the world would listen to him. ARE YOU KIDDING ME???????? They may need to make changes(fine) but not by what this nut says. And he is still very,very bitter.
While I agree this bill that came from Nancy Palosi's house is the most disgusting bit of pigs eye in a long time, it wouldn't have mattered anyway as far as John McCain is concerned because he has said he intends to do President Obama dirt any time he gets a chance. Nancy Palosi and her pig pen buddies gave him a prime oppertunity with this bill. Why that dim wit broad from San Francisco can't put togeather a bill that offers good paying JOBS is beyond me. With so much needing to be done to fix the country so it will last for another generation, why can't she spend the money on that instead of feeding her little piggy friends...
I am so sick of this crap ,im broke,i have no place to live ,and I work hard everyday........and the bad part is I live in America and I live by the rules.. and yes I am an American Citizen
So McCain thinks that the Democrats haven't been negotiating. Where was he when Obama went to the Hill to meet with the Republicans, removed some proposals they didn't agree with (at the risk of alienating some of his Democratic supporters), and added tax cuts that the Republicans wanted? Only to have every one of them still refuse to support the bill. Clearly negotiation is not the issue, it's that the Republicans still think they're running the show. Obama has compromised enough; it's time to do what needs doing, regardless of how the Republicans feel.
I recently read a report that CEO Frederick Smith of Federal Express took a 20% pay cut due to the economic downturn as an example of how responsible corporations are managed. Why can't our nation extoll these responsible executives instead of focusing on the bad guys??? Perhaps by publicizing responsibility it will spawn more to follow suit!!!