Washington (CNN) - A group of Republican senators unveiled job creation legislation Thursday that is designed to be a policy and political counterpoint to the Democratic measures President Obama has pressured Republicans to pass.
Built around well-known GOP principles to shrink the footprint of Washington on the economy by cutting taxes, spending, and federal regulations, Republicans believe having actual legislation they can point to will weaken the president's charge that Republicans aren't doing enough to create jobs.
"I'll freely admit to you, part of this is a response to the president saying that we don't have a proposal," said Sen. John McCain, R-Arizona. "We have lots of proposals and we've had lots of proposals. We've put them together now and they're out there and that's our plan."
"This is the alternative," said Sen. Kay Bailey Hutchison, R-Texas.
McCain said the bill will "act as a blueprint to bring our country back economically" and explained that while Democrats rely on government spending to revive the economy, "we believe we can create jobs through (economic) growth."
The GOP plan reads like a laundry list of GOP priorities. It would require a balanced budget amendment to the Constitution; reduce the highest personal income tax rate to 25% and require reform and simplification of the tax code. It would repeal so-called "Obamacare," reform malpractice laws, and scrap the Dodd-Frank reforms passed after the financial crisis. It would also curtail Washington's ability to regulate the private sector through a moratorium on new regulations and by requiring more input from Congress on the regulations issued by government agencies.
Democrats derided the GOP plan and charged that it would not create jobs.
"This is a political fig leaf that would likely add to the deficit while doing nothing to create jobs," said Sen. Chuck Schumer, D-New York. "Anyone who actually talks to real Americans knows that they don't support laying off teachers and cops to pay for tax breaks for millionaires, as Senate Republicans voted to do this week."
Cut defense!!! Our enemies use box cutters. We dont need 600 Billion per year to defend against that.
A global economy gets rid of many enemies. Our citizens are customers..not enemies..A huge military is antiquated old thinking. Countries sell to each other now..they loan to each other..no need of this huge, outsized military.
Don't anyone forget that it has been a long held belief in conservative/Republican dogma that we must do away totally with the capital gains tax. I hope everyone realizes that if this were to be done the super rich whose earnings come primarily from capital gains would wind up paying NOTHING in taxes. The con spin of course is that would create jobs but like all tax cuts, that is garbage. How long will it take ordinary Americans to finally understand that tax cuts for corporations and the wealthy DO NOT create jobs, none, nada, zilch. Tax cuts simply enrich those already at the top, the only ones Republicans care about.
Is this so much a jobs bill as a "Give us everything we've asked for over the past few years" bill?
The Republicans have been working hard at creating jobs since "trickle down" or is that "trickle on"? Well they at least make it look good. Who will get these new jobs they are now creating, remember "if you're not for them, you're against them". Yeah you might get a job until after the election. Republicans are currently doing the Hollywood moonwalk on the 99 percenters, that too is scamarama for your vote. Don't fall for it.
This is a job bill with no jobs in it, since it will just cut more taxes and require Congress to come up with a plan to reform the tax code, which Republicans want no matter what the problem is. It will stop new regulations, which does not affect existing regulations that the GOP says are hurting job growth. Really, Republicans, if you are not happy about some regulations, tell us what they are, and pass a bill to change the law. For example, if you want the EPA to stop regulating pollution or the FDA to stop regulating drug safety, just pass a bill that says so. Complaining about government regulations that you won't identify is just political posturing, and has as much credibility as Tea Partiers complaining about tax hikes under Obama, even though the tax hikes exist only in their minds.
Taxes don't havd anything to do with jobs...another GOP jedi mind trick. Regulations is a stall tactic. The tea party is over, ding-dong the wicked witch is dead....
What is it with the GOP and Tax Cut for the rich and mega companies?
They get tax break after tax break, Federal, State, and Local still no jobs.
Yes GOP give them another fat tax cut so they can continue
leaving the USA, and hide all that taxable income!
More tax breaks for big companies and wealthy... Trickle down economics has failed to work since Reagan. What part of the Occupy Movement is the GOP refusing to see? Oh, that's right – sorry... They don't believe in democracy... by the people for the people – GOP believes in rule of Gold... Claim they believe in God... Are their actions supporting their statements of Christianity?
This is not a jobs bill , it is a "Deregulation Bill" and Republicans want to go back to the good old days that started the whole mess. They simply wrote down all of the GOP talking points and have the gull to call it a jobs bill. Republicans will stop at nothing to destroy the middle class.
That's all they know, there miracle pill, Tax Cuts For The Rich!
Scrap the Dodd-Frank reforms passed after the financial crisis? Sure, why not. And while you're at it free Bernie Madoff from prison and appoint him head of the SEC.
You know it is amazing how so many do not understand the real issue. The issue here is love of the United States of America. If a Corporation or person enjoys the benefits supplied by the USA (roads, police force, fire department, bridges, railroads and so on) and does not feel an obligation to help support these systems to maintain their quality needed. Then they should not live in the USA.
Corporations use are infrastructure they should be proud to help support it! Old saying applies here for all USA love it or leave it. Taxes and paying your fair share is showing your PATRIOTISM. Lack of will to pay for bettering the USA shows a lack of PATRIOTISM and as such they should be told to leave! The country will be better off without these freeloaders.
I completely agree. That's why all in come levels should have to pay taxes, right now only half of us have any patriotism at all. Man this sounds like Europe and the Catholic church in the early 1500's. Instead of paying the church for your indulgences, now you pay the government to be a patriot. Raymond that whole statement was idiotic. What exactly is a fair share?
Let them (us) eat cake.
Tax Break After Tax Break, Federal-State-Local and still nothing
To show for (it) after 10 long years.
Shameful, unless your RICH!
The stimulus did work but slow and now they want to go back to the very thing that set us back. 2012 is a straight Democrat ticket for me-OBAMA -BIDEN 2012!!!!
Off GOP idiots heads. Levy the taxes on who make more than 250k or more, then pass this jobs bill....o.k, Also, Pass Senate, and Congress TERM-LIMIT, and Anti-Lobby Reform....Nation needs these two very desperately....o.k, Vote direct dem. ticket...Obama2012...
Bush Tax Cuts Did Nothing For America.
Wait..... it Did Pave the Way For Jobs And Money To leave America!
just more raegonomics ! give more to the rich, let people go without a doctor when they are ill and don;t have insurance, cut benifits to the people, cut the budget to only paying for defense. Oboma got 2 of the top terrorist with navey seals and a drone plus didn't put troops on the ground in libia and the outcome is what we wanted without troops. george bush went to war to do these things and the price is going to hit 2 trillion dollars before we are out of there. what part of the 99% thats had enough of the republican direction for this country don't these republicans understand! WISE UP REPUBLICANS THAT MOVEMENT IS JUST STARTING! the republican ideology has taken this country allmost to its knees and anybody with a brain can figure that out.
Everytime a Republican speaks, I am waiting for the canned laugh tract. Because they have gotten to be the biggest joke on TV. How can they, with the help of the Chicken Little (Tea) Party, continue to blame Obama for everything wong with the economy. The wars in Iraq and Afganistan put us in this position. To fight and win a war it cost the same today as it did in the past, lots of money (taxes or bonds). Because of the Bush administration incopetence and lack of projecting the cost of lives and the money needed to acheive their goal, we are suffering today.
Wasteful as it is, the U.S. Government is the true job creators!
Finally a serious jobs bill coming out of Washington. This would work. But don't expect the Democrats to pass it. They are not so bright at real world economics. They prefer the same kind of results we have seen since Jan. 2008. None.
Regardless of how it would be paid for, at least Obama's plan actually shows how it will create jobs.
I don't see one single thing here that explains how this plan will do the same.
It doesn't even attempt to explain this; it just goes on touting the same damn pro-corporate stance the Republican party embraced that has put us in this mess.
If the Republicans had supported single payer then Americans would be covered and businesses wouldn't be in the health insurance provision business. Now they want to "free" business by throwing Americans on the mercy of the health insurers, or forcing us to take the "Don't get sick" option. Some plan. Maybe they figure killing off a lot of Americans will make the unemployment rates go down. Down with regulation! Up with E. coli, listeria and flu pandemics! Let the preventable cancers reign!
Who is going to start a business when there are no customers?
I guess Republicans must feel that they are doing their part to help the global economy.
What did the CBO score on the Republican Jobs Plan? How fast will it put Americans back to work? How will the Republican Jobs plan be paid for? So, many questions to little details. The American people trust Pres.Obama by double digit over republicans on the economy.