More than one way to stimulate the economy

An alternative stimulus plan was outlined today. It would cost half as much as the one passed by the House and being considered by the Senate.

The focus is on putting more money in the hands of taxpayers and businesses (to increase jobs) , to provide a safety net for those hurt worst in this recession, and to fund road repairs and other "shovel ready" projects.

Key provisions include:

• Cut payroll taxes (FICA) in half for one year
• Lower bottom two income tax brackets
• Reduce corporate tax rates and those for small business owners
• Tax credit to people who buy homes in 2009
• Extend unemployment insurance and food stamps in 2009
• Grants to states to build/repair roads & bridges and invest in public transportation
  
• Modernize Defense Department facilities and equipment
• All spending programs to end 3 years after legislation takes effect

Because this was proposed by Senate Republicans, it is unlikely to be adopted.