Posted by
Jack Cruger on Thursday, January 29, 2009 12:59:36 AM
This is the letter I sent to Our SC Senators and Henry Brown.
TO Senators, Graham, DeMint and House Representative Henry Brown:
South Carolina is embarking on some major road building projects. The multi-billion dollar northern and southern sections of the I-73 Corridor, which will be bringing a much needed access to the Grand Strand providing much needed jobs in the short term. By opening an access to the beach will increase the tourists, stimulating our beach business, providing longer term jobs and providing incentives for major business relocation to our area.
According to Senator Lindsey Graham the I-73 Corridor Project would not be included in the so called “investment plan” which the nonpartisan Congressional Budget Office’s (CBO) just released study, projects that more than half of the hundreds of billions of dollars in spending on infrastructure in the economic stimulus package -- such as $26 billion of the $30 billion allocated for highways and $15.5 billion of the $18.5 billion for renewable energy projects -- won’t occur for more than two years.
It is amazing to me that there is money in this package for a vast array of other projects which won’t provide any jobs, as you guys in Washington have pointed out.
In other words, the massive stimulus package is going to waste record amounts of money, won’t provide an immediate stimulus for the economy, and will only add to our nation’s soaring liabilities.
I will not support anybody who votes for this debacle, allowing a long term debt which will not be paid off by any one who is living today.
I know we don’t have a chance of stopping this massive snowball on its journey through the all knowing elite halls of our Congress but please try to get the 45% in tax cuts which the Republicans have asked the President for and please, all of you, put a statement in the SC papers so we will all know your positions.
Commenting on the passage of the $825 billion Stimulus package:
Today the massive snowball mention in the letter above was passed in the House and to my surprise every Republican voted NO. This is what the Conservative movement wanted. Why did we want this you ask? Simply, the Republicans were, by the Democrats instituting a house rule, left out of the debate on the bill.
The Democrats thought they would try to lure the Republicans in to voting for the package by putting some really stupid spending PORK in the bill. They new the Republicans were going directly to the President and tell them their ideas and would most certainly point these as examples of the spending they were against. The Republicans did point them out as reasons for not voting, knowing what the Democrats were up to, for the package, but also gave the President a much better plan that would stimulate the economy within months of the bill’s passing at half the price.
Since the President didn’t want the give Republicans authorship of any portion of the package he told them he would have the house pull the “stupid PORK” out of the package so they could tell the folks back home that they had a part in the shaping of the bill.
The one thing they would not pull from the package was the provision that would provide up to a whopping $5.2 billion for ACORN, the left-leaning nonprofit group under federal investigation for massive voter and voter registration fraud.
The Republican plan presented to President Obama was: (Moneynews.com)
- Cut the lowest two income tax rates for 2009 and 2010, from 15 percent to 10 percent and from 10 percent to 5 percent.
- Extend through 2010 a patch to the Alternative Minimum Tax, which was originally designed to ensure that wealthy people pay taxes, but instead would hit millions of middle-income families with higher taxes.
- Expand the $7,500 first-time homebuyers tax credit, for a principal residence, to all homebuyers while limiting it to purchasers who can make a down payment of at least 5 percent of the purchase price.
- Provide a tax deduction for small businesses with less than 500 employees equal to 20 percent of their income.
- Offer new tax deduction for those who do not receive tax-preferred, employer-sponsored health care coverage. And provide assistance to the unemployed who do not qualify for a COBRA premium subsidy.
- Give tax exemption on unemployment benefits and extend temporary federal unemployment benefits through 2009, phasing it out through mid-2010.
- Allow companies to write off current losses against previous tax years for up to five years. Companies now can only "carry back" losses for two years. The tax break would not be available to banks and other companies receiving help from the $700 billion bailout package.
- Extend through 2009 a break for small businesses that allows them to immediately write off up certain capital expenditures.
The cost of their proposal is approximately $478 billion.
The Republicans in as much said that if, the President feels that he and the Democrats have the ultimate plan, they should go it alone. The House Republicans put their Conservative principles on the line and if the plan works the Republican Party would be ruined for another 40 years. On the other hand if it doesn’t, which it won’t, the conservative Republicans will be back in four years and they had better not screw it up like they did before.
Let’s see if the Republican Senators will have the gravitas to do the same.