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'
John McCain who?
It was McCain who said, during the Presidential campaign, that he knew exactly where Bin Laden was and exactly how to catch him. So, why hasn't he revealed this info. to the President? Indeed, he could have revealed that info. to Bush. A failure to reveal the whereabouts of a fugitive constitutes a felony; indeed, in this case, it is tantamount to treason. So, why aren't any of the McCain supporters making their hero cough up this vital information? Until he makes good on his word, his credibility is zero with me.
To me this means McCain lied on the campaign trail about wanting to work "down the middle" of the isle. He's not supporting our President now and never intends to – he'll fight President Obama on anything.
My biggest disappointment comes with all these people who hate the "pork" attached to this bill, but do you bother to see what it is? It's less than 1% of the entire package and it funds things like Art programs. I think things like this are important for the next generation and I completely support the package as it stands. At least our current President is doing something to REALLY stimulate the economy instead of throwing $300 at every man, woman and child thinking that would give the economy a "boost". Seriously.
These people still don't get it! Republicans and Democrats need to get together and come up with a solution. Now you have Democrats creating one plan and Republicans creating something separate and apart. It's really quite ridiculous when you look at the statistics of people out of business and the state of our ecomony as a whole. One would think that this is the time to set aside whether one has a R or a D after his name. Lets put the people ahead of self for once...remember, you guys work for us. Hopefully you will get it one of these days Sen. McCain.
$350 million for child care on military bases, $335 million to prevent sexually transmitted diseases,$200 million on birth control funding.
Anyone in the democratic brain trust care to show me how these all this money will help job growth
It warms my heart to see democrats standing strong. But unfortunately in the senate there are democrats fighting this stimulus plan as well. Before anyone should be badgering either party, one should look at exactly whats is proposed in the stimulus plan then make their own decisions. And also find out where exactly this money is being borrowed from......
The dems should take a page from the "Bush Negotiating Book" that was used for the past 8 years and just say "We'll go it alone." Forget about being bipartisan, it doens't work with the left over Bush crowd.
Dems don't make any sense in this recession coverage. Your big squawk with Bush is that he spent us into a recession, and now you want to spend even more? If it was wrong for Bush, why isn't it wrong for you dems? The republlicans have it right again; put money in the pockets of people who will create jobs and that way more people will be helped by the government, not just ACORN and the lame-brained democrat support groups.
after 8 years of failed policies how do so many people want to go further down that road??? the republicans are clueless. its painful to watch.
by the way didn't we have this huge thing to decide who would make the rules?!?!?! didnt this guy named OBAMA win?!?!?! its time for an actual change. more tax cuts will not be change. it will just push us further into a depression
when will the president wake up and relazie that no matter what he does the gop will not be happy.
Guess what? You lost. That means you don't get to form the fundamental shape of the legislation. Obama's administration does. He should consult, but you should not expect to be excited about the end result nor should you expect that it will look like some package that you create that you think would work better.
Bloggers on this site need to actually read about all the pork in this so called stimulus before dissing John McCain and the republicans for having different ideas.
Certainly Nancy Pelosi's condom idea was a winner and the bill still has money for the prevention of STD's. Millions of dollars in fact. How does this create jobs? How does all this pork stimulate the economy.
Answer: It doesn't. So both parties (as Senator McCain said) need to negoiate more to create a stimulus not a spending bill.
Only if this demented old man can suspend his Senate position and go back to Arizona.
I just did my taxes, I own a home. My wife and I together make $55,000 gross income (31000 adjusted). That translates into us owing $4100 or so in taxes after we take the deduction for interest on our home, property taxes around $1800 etc. a $15,000TAX CREDIT means that I would owe nothing since I own a home. However, somebody making $55000 who is renting would have to pay $4100. (Instead I would get back everything my wife and I paid in federal income tax.) A tax credit comes off of your tax bill not off of your income. McCain, this plan would benefit extremely wealthy people. Only if you make over $89,000 as your NET income.
If you guys keep cutting taxes – how do you expect to pay for the wars you are already in? Taxes are not the enemy. Bad spending practices, like those of the last 8 years, are what got the country in the bad way its in now. Its crazy to insist on more tax cuts – sometimes taxes are good and necessary as long as they are not excessive.
Hey John, this is why we voted for Obama.
Oh jeez- McCain's campaign thoroughly demonstrated what a political mastermind he is, didn't it? Especially on economic issues-
President Obama should get McCain's opinion on every important decision, and do the opposite.
McCain is an obstructionist, unless it involves killing our children. No need to help them, nor to serve the country, if it doesn't kill our children while making his oil buddies rich, he's against it.
So, of course he's against the budget.
It continues to amaze me that the Republicans will spend billions of dollars to help Iraq's citizens, but they are unwilling to do the same for the citizens of their own country.
It's obvious the liberals can't add and subtract, in fact they can't even read or understand the stimulus proposals will do nothing to "stimulate" our country. It might stimulate the not so fortunate into more out of wedlock babies. It might make our elected officials appreciate a new $20 million dollar lawn at the Capitol...but it is not going to do anything to stimulate our economy.
They just want to shoot their mouths off all the time. They are too stupid to even know that they blame the GOP for deregulation but it was their own party in power and the slimeballs Barney Frank, Shummer and Dodd that pushed the bill through that allowed all this to happen and it happened on Clinton's watch not GWB.
You people crack me up! As for Afghanistan, that's where Bin Laden is. We needed to be there, but we need to put our energy and resources there. Pull out of Iraq, allready. Obama isn't just style and no substance. McCain doesn't have a clue-still. So let the GOP keep going against Obama so soon and watch for 2010 midterm elections. The dems will get more seats then. The GOP are working on politics not principle. They are focusing on 2010. Stop it! we need a fix. Does anyone have another-better- idea? McCain, what's your plan?My thoughts exactly. Nothing.
Most Americans don't own a home, so what good is a tax credit for home ownership?
What about those who are already foreclosed?
We need to review again the successes in job creation that came during the Depression. There were people working.
During the Depression only one family member could work. My father was that person. My mother had to quit her job which was given to another head of household.
My parents had many family relatives and even friends living with them during those times.
No Stimulus Package...No Bailouts...
It's that simple.
Tax cuts are not the answer to all of the problems faced by the economy. It’s time for Senator McCain to come to grips with the fact that he lost the election and is not the president. If the Republicans continue to obstruct the President on the stimulus package they will find themselves further isolated from the will of the people. The result will be a stimulus package that they cannot claim any part of. Is it the fate of the GOP to implode in 2009? I can only hope so.