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Thursday
Oct132011

Republican Alternative: Senate GOP Releases Jobs Plan

Brendan Hoffman/Getty Images(WASHINGTON) -- Throughout the debate over the jobs bill the White House has consistently asked to see the Republicans’ plan for jobs instead of just criticizing the president’s plan. On Thursday, President Obama echoed this sentiment at a press conference, asking if the Republicans had a jobs plan of their own.
 
Senate Republicans released a jobs package of their own in response, as an alternate plan to the president’s.
 
“We just thought it was time to put this all in a package and I will freely admit to you part of it is in response to the president saying we don’t have a proposal,” Sen. John McCain, R-AZ., said Thursday.
 
Unveiled at a press conference Thursday with more than a dozen Senators, Republicans claimed they have the support of “all but a handful” of Republicans, including Senate Minority Leader Mitch McConnell, R-Ky.
 
The plan is called the “Jobs Through Growth Act,” which Republicans claim will create more than five million jobs. It has dramatic differences with President Obama’s “American Jobs Act” --  so drastic that it doesn’t seem to include even one of President Obama’s proposals.
 
The plan calls for a balanced budget amendment of the Constitution, a repeal of Obama’s health care law and financial overhaul, a complete moratorium on new regulations, and medical malpractice reform among numerous other reforms.

“President Obama and my friends on the other side of the aisle in the Senate believe that they can create jobs through government spending,” McCain said by way of comparison. “We believe that we can create jobs through growth. They believe that government and spending creates jobs. We believe that business and growth creates jobs.”
 
Republicans say there has been no outreach by the White House in terms of creating a jobs bill.
 
“There’s been ‘pass it now’ out there on the campaign trail and that obviously is not an outreach,” McCain said.
 
Republicans believe that there are numerous components of their bill that Democrats will find attractive: tax reform, regulatory reform, repatriation of $1.4 trillion in foreign earnings trapped overseas in countries where U.S.-based multinational companies do business and withholding tax relief.
 
Sen. McConnell, was not at the press conference Thursday but intends to co-sponsor the bill. He issued a paper statement in support.
 
In response, Sen. Charles Schumer, D-N.Y., called the plan a “political fig leaf that would likely add to the deficit while doing nothing to create jobs.”

Copyright 2011 ABC News Radio







ABC News Radio