Missouri GOP Uses “Stimulus” Funds to Cut Taxes and Create Jobs

Posted by Kevin Boland on April 24th, 2009

Missouri Republicans are doing what House Republicans said the Federal Government should have done earlier this year: stimulating the American economy, not the Federal Government. 

The Missouri GOP, which has majorities in both chambers of the Missouri legislature, plans to cut the income tax rate from 6 percent to 5.5 percent for two years, sending  $1 billion of the state’s $2.2 billion in “stimulus dollars” back to the people of Missouri, the Springfield News-Leader reported yesterday.

Back in January, House Republicans had a better solution to the Democrats’ trillion-dollar “stimulus” spending bill : an economic recovery plan that would have created 6.2 million new American jobs over the next two years, according to a methodology used by President Obama’s own nominee as Chair of the White House Council of Economic Advisors, Dr. Christina Romer.  The Camp-Cantor alternative - crafted by House Ways & Means Committee ranking member Dave Camp (R-MI), Republican Whip Eric Cantor (R-VA), and members of the House GOP Economic Recovery Working Group.  The Republican plan would have created twice the jobs at half the cost.

House Republicans believe that the best way to stimulate economic growth and create jobs here at home is to allow the American people to keep more of what they earn, not by spending taxpayer money on government programs and projects. 

Earlier this month, House Republican Leader John Boehner (R-OH), Devin Nunes (R-CA) and Mike Rogers (R-MI) announced a new online initiative known as the GOP State Solutions project, intended to highlight reforms being implemented by governors and state and local officials outside the Beltway, and to help shine the light of public scrutiny on federal waste and red tape that hinders states, communities, and families.

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