(CNN) – Republican senators have unveiled a $713 billion alternative stimulus measure put together by GOP Sen. Mel Martinez.
The measure, obtained by CNN, narrows government spending to infrastructure programs and helping unemployed Americans, addresses the housing crisis, and relies mostly on tax cuts.
Read the measure [PDF]
It remains unclear how many Republican senators have signed onto the measure, but it is a broader approach than the GOP leadership has called for. Senate Minority Leader Mitch McConnell has indicated he wants to limit the stimulus to tax cuts and addressing the housing crisis
But the measure is narrower in scope than the Democratic plan because it eliminates spending on many of the government programs that many Republicans, and some Democrats, believe should not be in the stimulus package.
The broad breakdown:
$430 billion dollars on tax cuts.
$114 billion for infrastructure projects.
$138 billion for extending unemployment insurance, food stamps and other provisions to help “Americans in need.”
$31 billion to address the housing crisis ($11 billion for a loan modification program, $20.4 billion in tax incentives for home purchases, $50 million to temporarily increase loan limits for Freddie, Fannie and FHA)
Republicans already had hundreds of billions of dollars in tax cuts to the rich people, in the form of bailout money to the banks, and they did not even win the election. They don't deserve any more tax cuts.
yeah, tax cuts are terrible
god forbid people get to keep the money they earn. how dare they!
i don't understand the opposition to people keeping more of their own hard earned money. i really don't get it.
The one and only purpose of ALL stimulus packages is to make politicians look good and increase their chances of gettting
re-elected......but at least this version is a little more SANE than the B.O. version.
I actually like this plan. To make it benefit lower income more I would increase the percentage break of taxes but also have a cap on the percentage savings, like up to $100,000 of net income. Also to help make some of the money back the income cap on social security tax needs to be eliminated or increased significantly.
Tax Cuts, Tax Cuts, Tax Cuts. That wont help people in foreclosure.
If you don't have a job, how are tax cuts going to help? they wont matter. More of it needs to be put toward creating new jobs, building infrastructure, and helping those in need. But as you see, that is the last thing on the GOPs list. It seems they are still in that trickle down/keep me rich economics mode. wow.
Ok so those that need it the most- those unemployed will get the least- and Infrastructure which is aimed at NEW JOB creation also gets less than tax cuts... UMMM HOW ABOUT NO!
If Americans believed in Tax cuts we would be calling McCain our President- and since we are not Repugs need to get with the program- TAX CUTS are not the answer and Obama is not going to give into to putting more than 50% of the bill towards tax cuts for those whose taxes Obama plans on raising- the top 5%!
Republicans truly are just out of control- we have the majority we were attempting to be fair and include Republicans in a bipartisan effort- but that doesn't mean we have to concede to rediculous proposals such as Martinez's one!
At the end of the day, for the last 8 years Republicans have cut taxes and WASTED money- deregulated financial markets to the point of near collapse- and here we are... with Republicans having the audacity to demand an addition 400 billion in more taxes cuts- They are out of their minds! Am I the only one who thinks it is the most obsurd thing they have ever read- aside from Palin saying she could see Russia from her back yard of course...LOL
I did not get any, but im a bam, uneploid, under educated living whit a wifeslalary and a dont bilive that people like myself shuld get anyting.
Republicans are not slick....The whole lot should be thrown out....They're nothing but trash. McCain needs a swift kick. This is probably his doing. Wooden teeth jerk
Well I suppose the argument of "They are quick to criticize but don't suggest an alternative" is thrown out the window.
The reason GOP senators are against the original bill because it goes against nearly EVERYTHING they stand for and their constituents (that's you and me) stand for. That's why bipartisanship is sometimes overrated because it involves lying down your principles and beliefs so the other party looks good. This happens on both sides of the aisle.
Tax Cuts work. Stop reading the Huffington Post and read the facts. The more money you have, the more you can possibly spend AND therefore stimulate the economy. The reason we're in this mess is because greedy people got a slap on the wrist for being greedy, and people couldn't pay for their lifestyles. NOT because of former Presidents.
By the way, I don't consider myself a Republican; I'm a conservative first and foremost.
I am worried this economic crisis will be blown up so big that it allows Obama a free ticket to do anything the dems want in spending. Kinda like the terrorist attack allowed Bush to do anything he wanted, congress needs to do it's job this is too much power for one person. Or one party running the complete show. I say buckle up, they are in unchartered waters and by the time it's done Bush could be looking like a hero.
Mostly tax cuts. Same old, same old.
It wasn't all that long ago that the republicans were claiming the economy was sound and thriving. How we got from that prosperous outlook to this state of crisis in a few short months is beyond me.
Now they claim to have an answer to the problem?
We knew what the answer was back on November 4th. Thankfully the GOP is becoming irrelevant. Just don't count on them leaving quietly.
Actually, as an Obama supporter I think this is exactly what needs to happen. The two parties have real differences on how to solve the problem. They have both presented their idea now they can compromise. This is the way government should work. Frankly, I think this is the way the President wants it to happen.
This is totally wrong! Only $31B for housing? I think the tax cut number and the housing number should be swapped. We have people living under bridges and squatting in their homes! If the GOP had their way, NO one would pay any sort of tax! How is the government supposed to run with no money? I understand cleaning out some of the pork, but this is ridiculous! Thank God they lost the election!!!
First, I would like to thank the GOP for putting together a package. Secondly, while I believe that there is too much on tax cuts and not enough spending on infrastructure and alternative energy in the GOP proposal, there is some meat there (no just pork). Now, what can we live with, what can we live without, and what do we need? Time to find some common ground folks and let’s get some smart compromises!
This stimulus package has got to focus on JOBS for AMERICANS. Unless and until we get people back to work, nothing (and I mean nothing) else will fix this mess.
People who have no income can't benefit from a tax cut. (i.e., More for the wealthy, unearned proviledged Americans and BIG Corps.) People without jobs can't pay their fair share of taxes. People without jobs can't pay their house payments. (No matter how big or small.) People without jobs can't purchase goods and services... Need I say more.
IT'S JOBS YOU IDIOTS...
Not bad, but I don't see how its possible to get away with that many tax cuts.
Who gets the Tax CUTS. BIG BUSINESS. No flipping way.
I actually hope Obama gets his version of the bill ... it will serve his supporters right to get what he's shoveling.
In putting up a sensible bill, the Republicans have given themselves reason to vote against Obama's plan when he and Reid won't display any bi-partisan spirit.
Let the Dems have their stimulus ... and it will be solely them left with the blame when we have a Jimmy Carter economy!!!
READ THE BILL
ITS SO OBVIOUS YOU PEOPLE COMMENTING HAVEN'T READ THE BILL...... ITS AVAILABLE IN .PDF FORMAT VIA A LINK RIGHT IN THE ARTICLE
HOLY CRAP. This is why Obama got elected. People run their mouths and DON'T DO THE SIMPLE RESEARCH TO THINK FOR THEMSELVES.
We get what we deserve. I'm prepared, are you?
Amazing – the one thing that can actually add jobs is by this standard barely funded. Where were these guys with their bright ideas in October?
The Repugs will never stop. They know what they have purposed will not fly. They where willing to sign off of Bush package in a matter of days and look where we are today with $750 billion dollars to the repugs wealth buddies. They want to try and continue what they have promised their buddies. I say NO WAY NO HOW REPUGS AND MCSAIN. Repugs it will not go your way this time around ...Please except it and let us move on. Well, we know for sure how much the REPUGS care about Americans in this country.
Simple, why don't the Republicans call their plan "An Alternative To Continue Their Corruption to Stimulate Themselves". John McCain voted no but readily voted yes to the first stimulous because his son was CEO of Silver Bank when it failed and McCain knew it was failing and said nothing to it's investors, but I bet he got his money out. Now McCain feels safe to say no as he continues his corruption.
Infrastructure is the name of the game here, it's already been cut too much.