Skip to comments.DeMint, Sanford leading opposition to Obama stimulus plan
Posted on 02/04/2009 9:40:24 PM PST by rabscuttle385
WASHINGTON - Sen. Jim DeMint and Gov. Mark Sanford urged members of the Senate on Wednesday to reject President Barack Obama's economic-stimulus bill, as DeMint introduced a rival measure he said required only tax cuts.
Sanford, in Washington for a Republican Governors Association meeting, asked Republican senators at a Capitol Hill lunch convened by DeMint to follow the lead of House Republicans who voted against the $819 billion stimulus measure last week.
The bill passed the House by a 244-188 margin without a single Republican vote. It would bring South Carolina $3.2 billion, including a $905 million to eliminate a state budget deficit and $830 million to build and repair roads, bridges, schools, colleges, universities, water-treatment plants and other infrastructure.
Sanford and DeMint said they are joining forces in a bid to try to spark the kind of national outcry among conservatives that led to the defeat of a major Senate immigration-reform bill in 2007.
(Excerpt) Read more at beaufortgazette.com ...
Ping to the Sanford/DeMint Team!
Sanford and DeMint may be emerging conservative GOP leaders. God knows we need more of them.
Woo hoo!! Go Sanford/DeMint!!
They would be smart to take this deal.
I am from S. Carolina and voted for both Sanford and DeMint. They are both fiscal conservatives. BTW, many people consider Sanford to be a libertarian- present company included.
. . . . .
Permanently repeal the Alternative Minimum Tax.
Permanently fix tax rates on Capital Gains and Dividends at 15 percent.
Permanently kill the Death Tax for estates under $5 million in value, while permanently fixing tax rates on estates of higher values at 15 percent.
Permanently extend the $1,000 per child Child Tax Credit.
Permanently repeal the marriage tax penalty.
Permanently limit itemized deductions to charitable contributions and mortgage interest, simplifying the tax code.
Permanently reduce top corporate income tax rates from 35 percent to 25 percent.
Permanently reduce top personal income tax rates to 25 percent. The only other two brackets will be 15 percent and 10 percent.
. . . . .
No American family should be forced to pay the federal government more than 25 percent of the fruits of their hard labor.
Every problem now plaguing our economy can be directly traced to some government policy that was passed over the vehement objections and prescient warnings of principled conservatives.
. . . . .
And, on the Obama-Democrats-Communist stimulus proposal...
Rest assured, unlike the oceans at President Obamas command, the elevated spending levels in this bill will never recede.
This bill is not a stimulus, ladies and gentlemen; it is a mugging. It is a fraud. Conservatives who fear proponents of this bill want to inch our economy closer to European-style socialism are kidding themselves. The proponents of this bill want to strap a big rocket on the back of our economy and launch it all the way to Brussels!
Something encouraging to read.
I have listened to most of them, they all are lined up against it when it went through the house, (though Rush is on vacation this week.)
Mugabe, Obama, Chavez:
The “Financial Leaders” of Our Time?
Conservative democrats should be and are right behind them. There actually is such a thing as a conservative blue dog democrat.
They were elected from free states. They don’t answer to radicals like Pelosi and Reid.
What the heck is the difference between a Conservative Democrat and a moderate Republican anyway? Ask the weather bunny what the difference is between mostly cloudy and partly sunny and she will smile and give you the answer you want.
I hope they are freedom loving Americans who care more about their country than they do about their own power. This bill is a disgrace and grab bag that libs would love to pass while folks are desperate.
One can only hope as a citizen that our Senators see that.
Go DeMint/Sanford! Their plan really is excellent. Now we all know that media-ego-man McCain is dying to steal this victory from DeMint.
With the number of TV appearances McCain is making this week, I’m making sure that the blogs associated with the programs where he appears knows that I turn the channel when I see him.
So let’s see:
There are no capital gains (long or short term) after the past year. Dividends are being slashed left and right.
So much for the benefit from those tax cuts.
$1000 per child tax credit? Why should I be subsidizing someone else’s procreation?
Marriage tax penalty? Yea, I guess so.
Top corporate rates? That might help, but most corporations simply pass along the tax expense.
The GOP is missing the boat completely here. They’re peddling the same laundry list of stuff they were trying to peddle in the Bush years. They need a new-new thing.
How about we remove all barriers to repatriation of foreign earnings for US corporations? That could bring as much as $600 to $700 billion back on-shore.
Or how about making targeted tax cuts for small businesses (less than 500 employees), since the majority of all jobs created in the US are from small business?
Sadly the GOP is too dumb to suggest something effective.
“Permanently limit itemized deductions to charitable contributions and mortgage interest, simplifying the tax code.”
I’m not to big on this one. I think interest expense on consumer credit should also be deductible, the way it used to be.
We should do nothing to encourage people to take on more debt, and allowing deduction of mortgage interest is one of the things that has plumped up the housing market for decades.
Buying something on credit should not be given incentives.
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