It is being said that the Cornyn-Kyl reform bill will be the Bush Plan plus Kyl's border security/interior enforcement policies.
I am aware of that. Unlike the McCainnedy amnesty it will still be a work and return program. But it still does not punish either the illegal aliens or their employers for their many crimes so it is still a huge amnesty.
The link you posted is interesting. I saw some of the same material come out of Kyl's Republican leadership committee.
The document does a good job of identifying the cheap labor subsidy that taxpayers are forced to give businesses. I don't recall that the President's plan addressed this subsidy in any way. Businesses were not required to provide health care for the guest workers or their families. They were also not taxed in any way to help communities bear burdens like the cost of schools or hospitals. Just because these folks will now be legal does not mean that it will cost the taxpayers any less to provide them services.
Another deficiency that I recall with the President's plan is that it did nothing to protect the prevailing wage. If the going wage for US drywallers was $9.00 per hour, there was nothing stopping an employer from advertising every new job at minimum wage and since there was no limit on the number of guest workers that could be imported, an infinite supply of cheap labor virtually guarantees a race to the bottom on wages. And as I recall, there was no job categories that were exempted. There are lots of very well educated folks in India that would be happy to come here and take any supervisory, accounting, programming, technical job and work far cheaper than most middle-class Americans.
Unless these deficiencies are addressed, this plan will result in the destruction of the middle-class. I obviously don't favor it.