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GOP Offers Obama Bipartisan Choice
January 23, 2009 11:05 AM
ABC News’ Rick Klein Reports: House Republican leaders went into a meeting with President Obama Friday with a series of specific tax cuts they’d like added to the massive stimulus package being debated on Capitol Hill.
The pitch to Obama, Republican aides say, offers the president a chance to make good on his promises of bipartisanship. The $825 billion House Democratic proposal is ready to go to the House floor -- without having received the vote of a single Republican in the two committees that considered the legislation -- but the changes being suggested Friday could bring the support of a chunk of GOP members.
Though House Minority Leader John Boehner and Minority Whip Eric Cantor didn’t plan to offer a specific number of votes if the changes were made, two leadership aides described the package in rough terms as a chance to pick up 50-plus House Republican votes. But that may mean losing a similar number of liberal House Democrats who are loathe to see a larger volume of tax cuts.
Obama expressed optimism as the meeting began that Democrats and Republicans will be able to work together to approve a package quickly.
“What I think unifies this group is a recognition that we are experiencing a unprecedented, perhaps, economic crisis that has to be dealt with, and dealt with rapidly,” the president said. “It appears that we are on target to make our President's Day weekend [goal], and I thank both Leader Reid and Speaker Pelosi for that.”
The GOP-backed tax provisions include permanently cutting the 10 percent marginal tax rate to 5 percent, and the 15 percent rate to 10 percent, plus a larger tax cut for small businesses. Republicans are also expressing concern about some aspects of the spending package in the House version of the stimulus bill.
Several of the provisions were considered and rejected by the House Ways and Means Committee, so it’s not likely that House Democratic leaders would endorse them. Still, the Obama team, while offering general support for the legislation being developed in the House, hasn’t explicitly endorsed any package.
The Senate is slated to consider its own version of the stimulus package next week, so there’s still ample room for negotiation on Capitol Hill. The Senate version is expected to spend less, and possibly cut taxes more, than House Democrats are seeking.
After the meeting, GOP leaders said they were committed to swift action -- but said they believe changes are in order.
“There's unanimity that our economy needs help. And there's also a desire to move a package that would help rescue our economy, help American families, small businesses, entrepreneurs, and the self-employed,” said Boehner, R-Ohio. “At this point, we believe that spending nearly $1 trillion is -- is really more than what we ought to be putting on the backs of our kids and their kids.”
January 23, 2009 | Permalink | Share | User Comments (265)
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How could the Pelosi team even come close to believing their proposal will not cause a sour stomach to any rational person. See details:
PresidentialBalls.com
Posted by: Don Jones | Jan 23, 2009 11:45:23 AM
The GOP had their chance, and what was the result?
Posted by: Thinking | Jan 23, 2009 12:02:49 PM
Isn't that funny an offer to show "bipartisanship" out of a group of j-offs acting completely partisan.
lol
Posted by: dl | Jan 23, 2009 12:10:21 PM
Here ...we won't vote for your bill because of partisan issues but if you do this we are offering you a chance to show that you're not partisan. same old losers from the last 8 years.
Posted by: dl | Jan 23, 2009 12:13:04 PM
GOPers, it's really not time to put your ideology first. Look at how sick the economy is and how critical it is that we boost aggregate demand now. The best way to do this is spend money on public projects that are ready to go --- government expenditure is known to have the biggest multiplier effect --- and distribute money through tax rebates or whatever to those who are most likely to spend it (that is, those who currently are already having difficulty making ends meet), not to those who can afford to hoard it. Giving tax cuts to biz, big or small, makes sense only when there is demand out there for their goods and services.
Also, to boost the spirit of solidarity, to keep up working morale and to keep people's purchasing power as intact as possible, I think someone in the corporate sector or unions should start a wage-cutting-in-return-for-job-saving campaign that encourages corporate chiefs to resort to cutting wages (with steeper cuts for those earning more) rather than slashing jobs. This campaign will have the additional advantage of allowing companies to retain their trained employees during hard times so that when the economy picks up again, companies will be ready to expand production right away.
Posted by: teddymaniac | Jan 23, 2009 12:17:47 PM
eat it sissy conservatives. whine till you puke ,its sweet music to my ears...
Posted by: ahahah | Jan 23, 2009 12:24:10 PM
hint to gop ers : get lots of (8 years worth at least) cheese to go along with all that whine (and crow).
mmmmmmm tasty!
Posted by: hownowbrowncow? | Jan 23, 2009 12:31:50 PM
The Republican plan is very simple. To steal more money for the top 2% that do nothing for this Country and 0 % for the workers who do everything. What we need to do is borrow a guillotine from France and set up shop on Wall Street.
Ex Republican
Posted by: RGeier | Jan 23, 2009 12:32:36 PM
Can the GOP afford to play political hardball when they just lost the White House and more seats in Congress? Not exactly in a great position for leverage...
Posted by: matt | Jan 23, 2009 12:45:16 PM
On the backs of our children? Really? You think they should be raised in a depression instead? How very stupid of you.
Posted by: Grissom | Jan 23, 2009 12:47:11 PM
LOL see the details at a link to the Presidents Ball? Grow up.
Posted by: Grissom | Jan 23, 2009 12:47:46 PM
I cannot stand the necons who complain about spending this, spending that! And stop using "our kids.. will have to pay for this.."
It was the GOP and bush who took a huge surplus and put all this debt and recession on us. Where were these crybabies 8 years ago.. when bush created "the trillion dollar baby a.k.a debt" or where was the GOP congress when they had 6 years of majority out of his 8.
Give Obama a chance.. he is trying to inject cash into the economy.. that is how u stimulate an economy.. Get used to it sour grapes neocons..
Posted by: Mia | Jan 23, 2009 12:54:53 PM
The POTUS has a clear mandate to stimulate the economy... and change things..
I don't want to try the same old tired policies of the last 8 years.. tax cuts.. tax cuts for the wealthy.. ya those same businesses eat the tax cuts and don't do nothing. They will not use the money to create jobs.. we all know that..
Same old tired GOP policies of the last 8 years.
Posted by: O! | Jan 23, 2009 12:57:59 PM
I don't see how lowering the marginal tax rate - i.e. the tax rate on the richest Americans - would help get us out of a depression. According to what I am reading, the reason a depression happens is because the wealth gets concentrated in the hands of the rich, and the working class has less so they have to take out loans to make ends meet, then eventually the credit dries up and so the middle-class Americans have to cut their spending and consumption, which brings on a depression due to mass underconsumption. Therefore, it would make more sense to cut the taxes of the middle-class, not the rich. A strong middle class makes for a prosperous and successful nation.
Posted by: Mallory | Jan 23, 2009 1:03:44 PM
The bottom line is that we need a bill that works. I could easily see the bill being weakened by Republicans demanding tax cuts that have been proven to NOT work. Tax cuts only work if people spend the money. Only 22% say they will spend their tax cuts. That leaves 78% of the money not providing stimulus.
Posted by: Eric | Jan 23, 2009 1:04:08 PM
You know what would help our economy......???????? getting the CFO's of major corporations to learn how to operate a balance sheet and Profit and Loss Statement!!!!!!!!
Then, they could offer products and services at a price that is fair and competitive while earning a profit for their businesses!!!! And if they cannot do that, well, too bad!!
Posted by: SmokeyJoe | Jan 23, 2009 1:07:07 PM
Bipartisan involves respectful negotiation and compromise. It appears as if those things are actually taking place for the first time in a long time. Bravo! I hope it stays this way. We truly can't afford anything less...
Posted by: DaveM | Jan 23, 2009 1:09:28 PM
A LARGER TAX CUT FOR SMALL BUSINESS THAT WOULD SOUND GOOD FOR MY HUSBAND AND HES PARTNER ITS ONLY THOSE TWO IN THEIR PLUMBING BUSINESS ITS ITS REALLY STARTING TO SLOW DOWN LIVING IN MASS. YOU HAVE TO PAY OUTRAGES AMOUNTS OF MONEY JUST TO HAVE A BUSINESS IN THIS STATE.
Posted by: natale from mass. | Jan 23, 2009 1:12:11 PM
"I don't want to try the same old tired policies of the last 8 years.. tax cuts.. tax cuts for the wealthy.. ya those same businesses eat the tax cuts and don't do nothing. They will not use the money to create jobs.. we all know that.." O
Would you rather have blind obedience to the president and his plans? Democracy generally doesn't work that way.
This the the way politics work. Fixing this economy will take a leader who can consider all ideas - not just his own.
By the way, Bush cut taxes for ALL taxpayers to pre-Clinton levels - that's ALL taxpayers (rich, poor and all those in between), not just the wealthy. Please visit the IRS Website to get your facts before reciting that tired old lie of Bush only cutting taxes for the wealthy. It's not true and everyone knows it. Just like everyone knows that Clinton didn't decrease the national debt (visit the Treasury Dept.'s website for proof of that!).
It's time to take a cue from the new president and look forward instead of backward. Reciting the same old tired propoganda does nothing to solve the very real problems our country is facing today.
Posted by: Lil Me | Jan 23, 2009 1:12:30 PM
Bottom line is Obama has been willing to listen to the GOP.. way more than Bush ever did to the dems or his congress did in their 6 years of total power .. when they took the massive surplus from the clinton years and turned into a massive debt.. and now they cry foul.. when the dems try to clean it up.. Now they cry foul.. when there is an outcry of regulations of these CEO's. Neocons want to turn a recession into a depression
You neocons don't ever learn
Give me a break!
Posted by: O! | Jan 23, 2009 1:14:41 PM
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