Tax Cuts, Baby: House Republicans Offer Their Own Stimulus

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January 23, 2009 7:37 a.m.
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As Politico reports, House Republican leaders took advantage of today’s bipartisan meeting with President Obama to introduce their own alternative economic stimulus plan. Unsurprisingly, the theme is tax cuts, tax cuts, tax cuts.

Instead of a tax credit for individuals making $75,000 or less or families making less than $150,000, Republicans would like to reduce the tax rate by 5 percent on those Americans in the lowest tax brackets, from 15 percent to 10 percent and 10 percent to 5 percent.

House Republican Leader John A. Boehner and his no. 2, party Whip Eric Cantor, pitched the plan to Obama during the Friday morning meeting. Boehner tapped Cantor to come up with ideas, and this plan is the result of that work.

Boehner, in remarks on the White House driveway, warned that “government can’t solve this problem.”

The president’s vow to keep 90% of the stimulus-related jobs in the private sector wasn’t enough, guys? Aw.

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