(What is the GOP plan for fixing the economy and creating jobs?
OH, WAIT! THERE ISN’T ONE!)
Obama plan poor substitute for growth: Boehner
WASHINGTON (Reuters) – The top Republican in Congress on Thursday dismissed President Barack Obama’s jobs-creation package as a “poor substitute” for policies that would boost the economy and ruled out tax increases as a way to close the country’s budget gap.
In a high-profile speech, House of Representatives Speaker John Boehner called on a special congressional committee to consider tax reforms that would close loopholes but not raise rates as part of its bid to cut the deficit.
Boehner’s speech was a comprehensive statement of Republican principles as Congress works to bring down the stubbornly high 9.1 percent unemployment rate and tame the national debt.
Republicans have already said that they do not support many elements of Obama’s $447 billion jobs package and will not back the tax increases he has proposed to pay for it.
Even as Boehner said there were some opportunities for common ground in Obama’s plan, he indirectly criticized the temporary tax cuts that many observers think Republicans might support.
Boehner attacked “short-term gimmicks” and said a proposed tax credit would do little to boost hiring if businesses were worried about other regulations.