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'
Yeah, like the same way they negotiated the first $750 billion. So far there has been no benefit to the economy with that one because the banks are using it to buy other banks and not for helping home owners.
What the republicans want is their plan. They have yet to get it. They are not in power anymore so they can't just summarily decide that they want the plan they way they want it. I do believe there are things in the bill that don't need to be there. But at the same time, I believe that we have done the whole "cut taxes" thing and it hasn't worked. It just hasn't worked.
The only reason McCain lost the election was because he was a republican. America didn't care who they voted for as long as it wasn't a republican! Thanks to George Bush!
Fair enough, John. But at least admit that tax-cuts-for-the-rich was never, ever really about "stimulating the economy."
McCain has made it clear that he is a sore loser, like the rest of the GOP. He didn't have a problem supporting Bush's economic package that had absolutely no restraints or rules attached to it.
I am glad that the door for him to be president is closed for good.
He lost, and so did the republicans in the house and senate, so they can take a seat on the bench for 4 years while President Obama and his team fix the problems created by the last 8 years of president Bush politics.
Republicans still dont get it! They got beat bad on the ideas they are pushing today....It seems that 2010's election will be necessary before they will admit that the country has taken a turn from and left behind the 'trickle down economics' of Ronald Reagan.
tax credits on all 9 of his homes
Expected. That's why he lost the election. Pity he cannot get with the program.
Why are we even bothering to ask the rethuglicans what we should do in regards to the economy. We already know what they want to do and we know that their policy ideas don't work.
While I can appreciate Obama's attempt to achieve bipartisan legislation, the repugs are not cooperating. That no vote from house republicans was a slap in the face not only to The President but to the millions of people suffering in this miserable economy.
Government spending will stimulate the economy.
They are not "slow moving" programs as Boehner has suggested. I believe that GOP knows that if this Stimulus package works, it will most certainly be the death of the GOP.
The only thing that comes out of the Republicans mouths is " A package that can create jobs", to me that means more money into the hands of these big businesses that will eventually lay the their employees off anyway. Due to most of the money going to the top executives. Just like Wallstreet and the banking institutions. Of course these are the ones that have benefited most of Bush's term in office. Mainly through freedom to mismanage Americans funds.
What about helping to create more small businesses. Like mom and pop shops. Single moms trying to open a business. Though the Republicans will vote against Obama even if it meant bankrupting their own mother.................
McCain wants to cut taxes and I believe that is across the board. Doesn't he have enough money from his rich wife.
This isn't really news.
Following the herd....way to be a maverick, John.
I am so disgusted with the republican party!!! I have sent McCain and Kyle letter after letter telling them that the United States of America comes BEFORE the republican party!!! And I have been a republican for over 40 years!!! It sure looks like the republicans want this administration to fail along with ALL the occupants of THE United States of America!!
NO MORE TRICKLE DOWN TAX CUTS!!
The voters have spoken. Obama, if you give in to the Republicans, you will not be re-elected.
What does McCain mean, "he's working with other Senators to come up with a plan". If he had been elected he would have needed a plan right out of the gate. He should have had a plan back in September or October. Their is no Republican plan, they still want the same old tax cuts, Iraq War and deregulation that got us in to this mess. McSame indeed.
How are tax cuts going to help the economy? The tax cuts that bush supported are still in effect until 2010. They are not helping the economy. The republicans are pulling wools over our eyes.
Thank God McCain didn't win. He didn't have an economic plan during the election and he still doesn't have one now. Why is he just now trying to come up with an alternate plan? He's a day late and a dollar short.
WHO CARES WHAT MCCAIN THINKS. REMEMBER THIS IS THE GUY WHO CHOSE SARAH PALIN AS HIS RUNNING MATE. LOL
Good gravy! I would anyone with at least half a brain would vote against this bill. It is a piece of...
If Obama had any integrity at all, he would veto it in its current form, send a message to the democrats that he really is bipartisan and that he, not Pelosi or Reid is the head of state. He could then reform it more in line with what is appropriate.
McCain lost to Obama for several reasons. One of them was people wanting to see a change from tax cut based economic policy that got us here.
What alternate Universe is the GOP living in? Their ship sank last
November. Their economic ideology from Hoover to W has been discredited! They need to climb out of the water, get in the boat, and start rowing in the same direction as Obama!
McCain knows as much about the economy as his wife Cindy Lou knows about sticking to a budget and living paycheck to paycheck.
I agree – the Republicans had eight years to deal with this mess, and their policies failed. Big time failed. So don't try to run them up the pole again – we will not salute.
$4Billion to neighborhood styabilization (ACORN)
$246Million to Hollywood...what for, the Bush anti war movie?
$24Billion for dubious Green Jobs
$600 Million for Universal Health Care
Nancy Pelosi's Contraception funding$$$$
Plus more wasteful spending$$$$$
Only 7% of the total $800 Billion stimulus bill would enter the economy by the end of this year.
Stick to your guns and Bibles Republicans and don't cave in to what appears to be a bill forever known as the Generational Theft Act of 2009