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."
GOP cure for cancer – cut taxes and loosen regulations!
GOP dinner tonight – tax cuts and deregulation!
GOP answer for beached whales – cut taxes and loosen regulations!
GOP answer for job creation – BS
Not a damn thing in there about Jobs. Just more class warfare rubbish from the party of the rich.
Why is the GOP introducing anti Abortion/Women's Health bills in Congress when they should be focused on jobs? As usual, they want to bring in those wedge issues that will get their social conservative base railed up. They use class warfare to blame the poor for all our problems while the rich and big business took advantage of big tax breaks and loop holes in order to avoid paying their fair share. The sleazy GOP and their greedy ways continue.....
It is the same old thing. This is so crazy. I vote we cut their salaries until they come up with a plan that will work in the middle class favor. NO PLAN, NO SALARIES!!
Bye Bye Cantor, Bonehead and McConnel YOU will soon be a mere memory come 2012
It doesn't matter if this alternative plan to Obama's would work for the benefit of the country.. It would still get criticism for "helping the rich and robbing the poor."
None of the mentioned items to be repealed have gone into effect yet...so how's that gonna help. Revise the tax code ...Right! Face it America, until we get a functional government, nobody will see an outpouring of job offers.Washington is not the place that's going to provide any jobs except a small
number in the infrastructure sector. Until the large multinational corporations start reinvesting the Trillions in cash they are holding, there will be no Xmas this year Virginia! These Corporations love stability. We need a stable functioning Government. Then and only then...jobs will return!
How did their popularity leap from 11% to 13% with crap like this?
To poor, middle class, and senior teapublicans, has the light come on yet, why would you vote against your own best interest ?
This makes me sad.
Really? Jobs bill? The GOP is joking right? dont see ANY infrastructure cost.
Do the Repubs/TP think they are funny or are they really that stupid? They really cant be serious with this "Jobs Bill" Not one thing listed will "CREATE JOBS"
Thank God we did not elect John McCain for President. Can you imagine what shape this country would be in? These Republicans are embarassing to America. They claim President Obama is in over his head when it's so plain to see that they are. They have no clue.
The Republican jobs bill, just undo everythong for the last 4 years, I'm surprised they did not want to close the EPA, close Department of Education, close NTSB, close FDA, close DEA, close ATF.close NIS..To the Republicans they all obstruct jobs and are not need in the Republican view....
I am getting very impatient waiting for the Democrat's response. America, stay tuned!
Typical rethug gabage. this would have the exact opposite effect they say. cutting spending throws people out of work. duh! lately almost every gain in private sector jobs has been offset by public employees getting laid off. the repugs are just out to destroy government, period. if their supporte..., er, victims don't wake up pretty soon and see them for what they are, this will end up being a third-world country!
Why not repeal SS from the '30's and Medicare in the '60's, why limit repealing the laws to just those made in the last 3 years?
I know more tax cut ,less regulation and cut social security and medicare
Lets see, I could go over why this bill is BS (basically, more of the same policies that got us into this mess), but its stupid simply because IT WONT PASS! At least Obama put plenty of things the GOP has supported in the past. Sure, they get queasy when they have to tax their rich campaign donors, but everything either checks out with their past positions or might actually work (ie: infrastructure spending).
WIth a Dem majority in the senate and a president with a veto pen, this is DOA. Its offered up as a talking point retort, as McCain correctly stated. What I can't wait for is to see how the independent economists tackle this one. Lets face it, we can all see that it won't result in jobs, except maybe for more servant positions for the rich. Even more, tax cuts with no revenue increases? They'll be ADDING TO THE DEFICIT! (although somehow, I don't see the Tea's being upset when their guys run up the debt.)
Ask any economist worth their salt and they'll tell you that the Republican ideas are all PROVEN FAILURES. Only a uber-rich lackey would ever buy into this.
Republican voters, when are you going to wake up to the fact that the GOP doesn't give a rat's behind about you? You're just being used – they laugh at you behind your back at your stupidity in voting against your own self-interest and willingness to turn a blind eye to the Republicans' dumb ideas.
What a pack of fools you all are!
If tax cuts for the wealthy creates jobs, then why after 10 years WHERE ARE THE JOBS?!?
If de-regulation resulted in the financial markets stabilizing and wealth "trickling down," THEN WHY DID THE GLOBAL ECONOMY MELT DOWN IN 2008?!?
Answer those questions, GOP .... we're waiting ....
bob, the reason its over 10 years is because the CBO scores stuff over ten years.... i dont get what you mean by the government gets more money if we lower the tax rate?? I hope you realize that lowering taxes doesnt create jobs...you say this is a stimulus-BUT what exactly are the republicans proposing that will create jobs in the short term???
Americans, let's please vote these fools out before we all starve to death. They are the dumbest acting bunch of idiots in the world. Please Americans, send them home in 2012. The rich, who get the tax breaks aren't going to create any jobs for us.
i know some politicians i would like to ship to china –one way
well for one thing I guess we won't know if Obama's job plan would work since the GOP won't pass it. On the other hand we have had the Bush tax cuts in effect for over 10 years and still have 9.1% unemployment so we KNOW what really doesn't work. BUT the income of the upper 2% has increased almost tenfold so although their plans create little job growth it does create income growth.....for their buddies.