Journal-Gazette: Senate GOP offers own jobs plan
Senate Republicans announced their version of a jobs-creation plan Thursday they acknowledged is nine months old.
They said they expect bipartisan support while conceding their proposals are far different from what Senate Democrats and the White House have embraced.
And they asked for a “constructive conversation” with President Obama while contending his jobs plan is doomed to fail.
“Their plan creates temporary jobs; our plan creates policies that allow economic growth, and jobs follow from that economic growth,” Sen. Dan Coats, R-Ind., said at a news conference with 10 other Republican senators.
“We recognize that we need to address this problem in a way that actually puts people back to work by changing some of the structural problems in our economy,” said Sen. Rob Portman, R-Ohio.
The GOP plan contains many elements Republicans have been urging all year: a cut in the corporate tax rate from 35 percent to 25 percent, a moratorium on new regulations, an end to restrictions on off-shore oil exploration, a balanced-budget amendment in the U.S. Constitution and the repeal of the federal health care law the GOP calls “Obamacare.”
Sen. Rand Paul, R-Ky., predicted the package could create more than 5 million jobs if passed. Sen. John McCain, R-Ariz., said it would generate tax revenue in part by taxing $1.4 trillion in profits that U.S. companies have “parked” in other countries.
Some provisions, particularly simplifying the tax code, “have always gained Democrat support in the past,” Coats said.
Republicans on Tuesday blocked consideration of a Democratic jobs bill. The legislation – $447 billion in infrastructure and school improvements funded by a tax increase for millionaires – was approved 51-48 but required 60 votes to advance.
McCain said Thursday about the Obama-inspired measure, “We’ve seen that movie before,” contending Obama’s 2009 economic stimulus plan had failed to create jobs or reduce high levels of unemployment.
Democrats “believe that government and spending creates jobs; we believe business and growth creates jobs in America,” McCain said.
Paul asked for “a constructive conversation” involving lawmakers and Obama, and Sen. Lindsey Graham, R-S.C., suggested a White House jobs summit.
But Sen. Ron Johnson, R-Wis., said Obama “has taken us 180 degrees in the wrong direction” and that Congress should “totally repeal his agenda.”