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Wednesday, January 28, 2009
Donald Lambro :: Townhall.com Columnist
Newsflash: GOP's Economic Proposals Make Sense
by Donald Lambro
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WASHINGTON -- If you've been watching how the nightly news shows have been reporting (promoting?) President Obama's economic-stimulus plan, two things seem abundantly clear: No one questions the wisdom of his recovery package except the Republicans, who apparently have no proposals of their own.

There has been a shocking and embarrassing dearth of critical analysis of Obama's big-spending plan by the network's highly paid reporters. Now and then, one of them pops up with a revealing off-script remark but fails to elaborate on it. CNN's Wolf Blitzer noted Monday that Obama's complicated, Rube Goldberg plan was "confusing at best" and left it at that.

Sadly, there has been no serious reporting that questions how so much public-works, safety-net, social-welfare spending to so many government bureaucracies can get the economy's sputtering engine of growth running again. Even when one of the president's prominent Democratic allies publicly questions his claim that the plan will preserve or create more than 3 million jobs, the network news shows avoid such newsworthy stories like the plague.

The doubting Democrat in this case: North Dakota Sen. Kent Conrad, who chairs the Senate Budget Committee and doubts that Obama's $825 billion stimulus package will create the number of jobs he is promising to deliver. After his committee crunched the numbers in the plan, Conrad said at best it would cut the jobless rate by "maybe" 1 percent, or only half the 3 million-plus Obama claims.

Last weekend, as the president was pressing Congress to act quickly on his recovery package, the networks showed Republicans criticizing the Democrats' bill, but reported nothing about the GOP's own economic plan -- leaving viewers to think they had none.

Actually, the GOP proposals make a lot more sense because they are not calling for a mountain of spending to further enlarge government. They want deeper income tax cuts to immediately strengthen family budgets and businesses that produce most of the jobs.

Among the House GOP's proposals:

-- Cut the two lowest tax rates from 15 percent to 10 percent and from 10 percent to 5 percent. That would raise incomes for every taxpaying family through the tax-withholding system by an average of $500 for those in the 10 percent bracket and $1,200 for those in the 15 percent bracket. Married couples could save as much as $3,200 a year.

-- Small businesses employ half of all working Americans. The GOP's proposals would allow any business employing fewer than 500 workers to cut their taxes by 20 percent. That would improve their bottom line and encourage future hiring.

-- Both parties are calling for extending unemployment benefits, but the GOP amendments called for making those jobless benefits tax-free.

-- The Democrats' massive $500 billion infrastructure spending plan will balloon the budget deficit to nearly $2 trillion this year, but Democrats plan to cut the deficit by raising taxes when the economy recovers.

Republicans also sought to put language in the stimulus bill that would preclude "any tax increases now or in the future to pay for this new spending." Instead of raising taxes, the GOP believes "any stimulus spending should be paid for by reducing other government spending, not raising taxes." Continued...

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About The Author

Donald Lambro is chief political correspondent for The Washington Times.

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Dear Chuck-make as much as you want!
Dear Chuck, Florida,

You can go out and make all the money you want to!

That is why it is called FREE ENTERPRISE.

If you have no motivation and no ideas and put no effort in, exactly why should you get more so the Millionaire does not get as much?

COMMUNISM IS DEAD.
SOCIALISM IS ON LIFE SUPPORT.
YOU AND YOUR KIND SHOULD GET A JOB, OR MAKE A PRODUCT PEOPLE NEED, OR EVEN STOP PLAYING COMPUTER GAMES AND WATCHING T.V. AND GET TO WORK.

YOU CAN MAKE AS MUCH AS YOU WANT TO.

NOBODY IS STOPPING YOU.

AND NOBODY IS GOING TO STOP ME!

ROWDY BOOTS

Taxes
Make democrats happy and leave individual tax rates as they are. Make the economy work by eliminating corporate income taxes. All corporate income eventually ends up with individuals.
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