Government Stimulus Objection

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Government Stimulus Objection

By Credit Federal | Published 01/30/2009

Conservative Senate Republicans vowed to vote against an $888 billion government stimulus package when it comes up for a vote in the Senate.

"A trillion dollars is a terrible thing to waste," said Sen. Roger Wicker, R-Miss., standing with Republican colleagues who said they feel shut out of the process of crafting the stimulus despite Democratic promises of bipartisan cooperation.

President Obama lobbied Republican congressional leaders to support the measure, but the version of the stimulus bill approved Wednesday by the House did not receive any Republican votes. The Senate is expected to start debate on Monday and the bill is already facing resistance from some Republicans.

"This is about spending money that we don't have for things we don't need," Sen. Tom Coburn, R-Okla., said Thursday.

Obama and Democrats had made it a top priority to get the package of spending increases and tax cuts through the House. They did it in eight days after Obama's inauguration.

Speaker Nancy Pelosi, D-Calif., urged Republicans to "read our bill -- this is a bill about the future."

At a news conference, Pelosi said House Democrats listened to Republicans and included many of their suggestions in the legislation.

"We're very, very proud of the product," Pelosi said. "We reached out to the Republicans all along the way and they know it."

Democratic leadership in the Senate remained optimistic. "I am confident that we are going to get Republicans to vote (for) our bill," said Majority Leader Harry Reid, D-Nev. "If we don't, it's not our fault."

The cost of the economic stimulus package rose to $888 billion in the Senate because of a $70 billion addition to protect about 24 million Americans from paying higher taxes under the alternative minimum tax. The House version, which did not include the tax patch, carried an $819 billion price tag.

The rising cost and lack of GOP votes could be a challenge for the new president, who has preached fiscal responsibility and bipartisanship.

The 647-page measure is divided about 2-to-1 between new spending and tax cuts. It includes hundreds of billions of dollars in benefits for those hard hit by the recession, for state and local governments facing layoffs and cuts, and for initiatives designed to create or save 3 million jobs.

The Democratic bill includes tax cuts for about 95% of working Americans -- $500 for individuals, $1,000 for couples -- and for small businesses.

"I hope that we can continue to strengthen this plan before it gets to my desk," Obama said Wednesday. "But what we can't do is drag our feet or allow the same partisan differences to get in our way."

"This was not a stimulus bill. It was a spending bill," Rep. Eric Cantor, R-Va., the GOP whip, said Wednesday.

Obama senior adviser David Axelrod said House Republicans "made a decision to vote as a bloc against it. I think the American people want us to work together."

Eleven Democrats also voted against their party's package. "The fault is not Obama's. Congress took his ideas and then added too many of our pet projects and wish lists," said Rep. Jim Cooper, D-Tenn. "If history is any guide, the Senate will only make it worse."

Obama's chance of winning GOP Senate votes next week is better. "I haven't ruled out voting for it," said Sen. Judd Gregg, R-N.H

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Government Stimulus Objection - by <a href=http://creditfederal.com>CreditFederal.com</a> <div style="text-align: left; font-family: Verdana;">Conservative Senate Republicans vowed to vote against an $888 billion government stimulus package when it comes up for a vote in the Senate. "A trillion dollars is a terrible thing to waste," said Sen. Roger Wicker, R-Miss., standing with Republican colleagues who said they feel shut out of the process of crafting the stimulus despite Democratic promises of bipartisan cooperation. President Obama lobbied Republican congressional leaders to support the measure, but the version of the stimulus bill approved Wednesday by the House did not receive any Republican votes. The Senate is expected to start debate on Monday and the bill is already facing resistance from some Republicans. "This is about spending money that we don't have for things we don't need," Sen. Tom Coburn, R-Okla., said Thursday. Obama and Democrats had made it a top priority to get the package of spending increases and tax cuts through the House. They did it in eight days after Obama's inauguration. Speaker Nancy Pelosi, D-Calif., urged Republicans to "read our bill -- this is a bill about the future." At a news conference, Pelosi said House Democrats listened to Republicans and included many of their suggestions in the legislation. "We're very, very proud of the product," Pelosi said. "We reached out to the Republicans all along the way and they know it." Democratic leadership in the Senate remained optimistic. "I am confident that we are going to get Republicans to vote (for) our bill," said Majority Leader Harry Reid, D-Nev. "If we don't, it's not our fault." The cost of the economic stimulus package rose to $888 billion in the Senate because of a $70 billion addition to protect about 24 million Americans from paying higher taxes under the alternative minimum tax. The House version, which did not include the tax patch, carried an $819 billion price tag. The rising cost and lack of GOP votes could be a challenge for the new president, who has preached fiscal responsibility and bipartisanship. The 647-page measure is divided about 2-to-1 between new spending and tax cuts. It includes hundreds of billions of dollars in benefits for those hard hit by the recession, for state and local governments facing layoffs and cuts, and for initiatives designed to create or save 3 million jobs. The Democratic bill includes tax cuts for about 95% of working Americans -- $500 for individuals, $1,000 for couples -- and for small businesses. "I hope that we can continue to strengthen this plan before it gets to my desk," Obama said Wednesday. "But what we can't do is drag our feet or allow the same partisan differences to get in our way." "This was not a stimulus bill. It was a spending bill," Rep. Eric Cantor, R-Va., the GOP whip, said Wednesday. Obama senior adviser David Axelrod said House Republicans "made a decision to vote as a bloc against it. I think the American people want us to work together." Eleven Democrats also voted against their party's package. "The fault is not Obama's. Congress took his ideas and then added too many of our pet projects and wish lists," said Rep. Jim Cooper, D-Tenn. "If history is any guide, the Senate will only make it worse." Obama's chance of winning GOP Senate votes next week is better. "I haven't ruled out voting for it," said Sen. Judd Gregg, R-N.H </div> This article provided courtesy of <a href=http://creditfederal.com target=_new>www.CreditFederal.com</a>, a personal credit resource of good or bad credit credit cards and loans.

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