Stimulus:
In fact, the Republicans did produce a counter proposal to President Obama's stimulus plan. Here are the highlights.
1) a permanent 5% tax cut in all marginal income tax levels 2) cut the corporate tax rate from 35% to 25% 3) no extra spending and no earmarks 4) make the dividend and capital gains tax of 15% permanent 5) repeal the AMT permanently 6) repeal mandatory withdrawals from IRA's at 70 years of age 7) make all withdrawals from IRA's tax free in 2009.It would have cost half as much as the president's stimulus plan (not debateable), and according to the Republicans, it would have created twice as many jobs. (that of course we'll never know) This plan was totally ignored by the media. The president pretended that it wasn't even proposed. None of the ideas were, of course, implemented. While we can debate its worth, no one can debate that it was proposed. I have the internet link to prove it.
2) Energy
Once again, the Republicans presented their alternative to cap and trade. The bill was billed as an all of the above approach. It called for expansion of nuclear power, drilling for oil, and tax breas for energy innovation. I was not terribly impressed with the bill myself but that is a matter of debate. It is NOT however a matter of debate that a full bill was introduced for energy independence. Once again, the President decided to use NONE of their ideas, and the media all but ignored its existence. Yet, it's there and again I have the link to prove it.
3) Health Care:
There are actually several Republican plans making their way through Congress. One is a plan that was devised by Robert Bennett of Utah with Democrat Ron Wyden. Here are some highlights.
All employers, along with individuals and the government, will share the responsibility of financing health care. During a two-year transition period, employers who provide employee health benefits would be required to convert their workers' health care premiums into higher wages. Employers who don't currently offer health benefits would have to make phased-in "Employer Shared Responsibility Payments," which would be used to provide financial assistance to individuals and families of modest income. After two years, all employers would make "Employer Shared Responsibility Payments." These payments would reflect the relative ability of small and large employers and low- and high-wage industries to make such payments, and would have no direct impact ON the coverage that is available to their employees.
Employees, in turn, would be required to purchase private health coverage with their higher wages. To ensure that it's affordable, the plan would fully subsidize the premiums for those who live below the poverty line. Those people between 100 percent and 400 percent of the federal poverty line would also receive subsidies on a sliding scale to help pay their premiums. Individuals would choose from a variety of private plans offered in their state. State-based Health Help Agencies (HHAs) would guide individuals through the enrollment process. These agencies would also provide consumers with unbiased information about competing private health plans and determine premium reductions that will ensure every American can afford their health plan. HHAs would ultimately lower administrative costs by coordinating payments from employers, individuals and the government.
While the CBO has put the price tag on other plans at a trillion dollars and more, this plan has been scored as revenue neutral by the same CBO. On top of this, this plan has 14 BIPARTISAN co sponsors. Yet, it languishes in the Senate Finance Committee with no hope of passing mainly because its head, Max Baucas, refuses to move it forward.
Meanwhile, in the House, John Shadegg has introduced a bill of his own.
In the era of eBay and Amazon.com, there should be a better way to shop for health insurance. Today, Congressman John Shadegg (R, AZ-3) introduced an innovative bill that empowers consumers to use the Internet and other means to find affordable health insurance policies.
The Health Care Choice Act, which has forty co-sponsors, harnesses the power of the marketplace to allow Americans to compare insurance policies from across the country and pick one that best meets their needs. It would provide every American with more and better health insurance choices. The legislation would also reduce the number of Americans who have been unable to find affordable coverage.
“People should be able to get the health insurance that best suits their needs,” Shadegg said. “Offering people choices in a nation-wide market will reduce the cost of health insurance for Americans, including the roughly 47 million uninsured.”
According to the National Center for Policy Analysis, a 25-year-old male in good health could purchase a policy for $960 a year in Kentucky. A similar policy would cost about $5,880 in New Jersey
These bills focus on competition and choice and NOT the public option. That's why none of their ideas have been incorporated into any of the bills currently being debated. Much like the other pieces of legislation, both the president and the media have ignored their existence. Once again, that some pretend they don't exist doesn't actually mean that they don't.
Financial Regulation Reform:
On financial regulatory reform, again, the Republicans also produced their own plan. The plan includes the elimination of Fannie/Freddie, an end to bailouts, more scrutiny and transparency of the Fed, reforming consumer education, and a merging of financial regulators. Some of these I like, like more scrutiny of the Fed, eliminating bailouts, and ending Fannie/Freddie. Some is very vague like the merging of financial regulators and reforming consumer education. Still, there's no doubt they have developed their own financial regulatory reform plan. It's no different that none will be used and they will be ignored, but again, that doesn't mean they aren't there.
What both the president and the MSM are doing is a very cheap political tactic. It's much easier to compare your plans to nothing, and so they ignore that there are alternatives. Rather than stand up for the merits of his own plan and why it's better than the alternative, the president pretends as though there is no alternative. As such, he offers the public a my way or the highway scenario. There are options out there even if the president, and his allies in the media, choose to ignore them.
I have to comment on the whole health insurance/health care idiocy.
ReplyDeleteHaving health insurance does not equate to having health care. There are things called "deductibles". Poor people who have insurance with high deductibles do not have access to health care unless they cay pay out of pocket, which they can't. So they have insurance, but no access to health care.
I do not have any health insurance, because my primary health care providers are holistic practitioners and I pay them cash. I can afford to pay for my health care, and I do not get sick, or have accidents because I am healthy and alert. I do not do stupid things.
I might be intersted in catastrophic health insurance if it was inexpensive enough. But there is no way I am going to buy health insurance. I refuse.
I don't need it. If I need to see a doctor, I call and make an appointment, and guess what. There are plenty of General Practitioners who can make appointments within a few days for emergencies.
I have great health care. I am very happy with my health care. I do not need or want insurance.
I refuse to pay for the stupid irresponsible people who know nothing about nutrition and health and therefore get sick more than once a decade. Anyone who gets sick more than once a decade has an inferior and insufficient diet, and gets insufficient rest and/or exercise.
After rearing 3 children alone for a period of 20 years, not one of us got sick more than once a decade. Some of use have still not had an illness at all.
Insurance not only drives up all medical costs, it causes people to be ignorant and irresponsible because they think the insurace companies and doctors are responsible for their health. It is the nanny state mentality. It causes illness and injuries and it causes high prices.
The solution is to eliminate all mandatory insurance. All of it, this will re-introduce the free market principles which will then stabilize costs and improve quality.
Best regards,
Gail S
OMG - Some interesting alternative plans and what responds? jacksmith with the same tired progressive drivel and no ideas as to how fund all this. I would certainly beg to differ with the "37th worst quality of healthcare in the world." Must be why so many foreigners come to the US for major operations/treatments. I saw the study and it is full of holes. But thanks for playing jacksmith - YOU REALLY SCARED ME INTO SUPPORTING THE PROGRESSIVE VIEW - not!
ReplyDeleteKudos to The Provocateur for leaving jacksmith's post stand. It's never a bad idea to illustrate the LUNACY OF THE LEFT.
ReplyDeleteMy guess is you approved this drivel for its nape hair raising value?
ReplyDeleteI let the comment in because I don't care what sort of political perspective commenters bring and jack didn't swear or attack anyone personally.
ReplyDeleteJack is welcome to comment in that way on any of my pieces.
Well its clear the Republicans have plans of their own, nobody takes them seriously because, well, Obama and the Democrats did such a good job of convincing the electorate that those plans are the major reason we got into this economic collapse in the first place.
ReplyDeleteTax Cuts, Deregulation, For-Profit This, Privatize that. It gives the image of Wall Street soaring while America turns into Detroit.
Getting rid of Fannie/Freddie is deregulation? Making the Fed more transparent is deregulation? Tax cuts contributed to the problem? Are you serious? Is the president?
ReplyDeleteYou fail to mention the lack of ability/leadership of the Republicans in getting the message to the general public about their plans.
ReplyDeleteThis is cheifly the fault of the Republican party.
Instead you blame Obama and co. when they are just doing what you would expect the other party to do.
Google the first few sentences together.
ReplyDeleteJack apparently likes to spam forums with said drivel. He has no interest in the response generated, as "he" hardly realizes there is a discussion going on here. It is merely "advertising."
I don't mind opposing viewpoints, but I prefer discussions rather than seeing what is essentially a billboard.
to Jack Smith: Dude, this is the exact same post you left on my blog. you were nuts then and you are nuts now. You know nothing of the scientific method. Yesterday it was reported that vaccine for H1N1 is now safe and effective. Give me a break, worked in the drug industry for 31 years you don't come up with safe and effective for years.
ReplyDeleteJack smith is a spammer and a loon to boot block him
ReplyDeleteThis is an outstanding post, I cross blogged back to you. You put out great stuff, Keep up the great work J.C.
ReplyDelete