On the recordDecember 19, 2001
once again the Republicans have presented an economic stimulus bill that falls short in aiding those most affected by the recession and continues to reward the wealthy and traditional Republican party donors. Under a ``compromise'' plan, Republicans offer a bounty of corporate tax giveaways at the behest of layed-off workers and their families who are left out in the cold during this Christmas season. The Republican economic stimulus continues the long-standing Republican tradition of corporate giveaways that does nothing for the constituents of Western and Central Illinois. Republicans continue to insist on eliminating the corporate alternative minimum tax, which would allow thousands of profitable corporate giants to go untaxed. Republicans also continue to accelerate the Bush tax cut, which has erased the budget surplus and reversed four years of budget surpluses. Economists universally agree that these types of tax cuts will do nothing in the short term to stimulate the economy or aid those most affected by the economic downturn. Americans who have lost their jobs in this economic downturn need immediate help to ensure that they do not also lose their health insurance. But, the Republican's health tax credit proposal falls dramatically short by only providing a partial tax credit to purchase COBRA or private health insurance.
Source
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