Myrick to vote no on stimulus plan

US Representative Sue Myrick (NC-09) announced that she will vote against the stimulus plan when it comes to the House Floor today.
“Why are we going to spend $825 billion on a plan that won’t achieve its goals?” said Rep. Myrick. “Instead, let’s get this money back to taxpayers and businesses who help grow the economy and create jobs.”
Myrick supports an alternative plan that will:
Cut income tax rates by 5% across the board
Increase the Child Tax Credit from $1,000 to $5,000
Make 15% tax rate on capital gains and dividends permanent
End capital gains tax on inflation
Repeal the Alternative Minimum Tax
Make all IRS withdrawals tax and penalty free during 2009
Increase tax deduction for student loans and higher education expenses by 50%
Allow businesses to fully deduct the cost of business-related assets purchased in 2009
Cut the corporate tax rate from 35% to 25%
Allow small-business owners a tax deduction equal to 20% of their overall income

Some of the reasons why Myrick does NOT support the proposed stimulus package being voted on in Congress:
Vows to create jobs through infrastructure spending, then allocates only 3% of the total package to infrastructure
Spends an average of $210,000 on each job expected to be created
Only 38% of the funds will be spent before 2011
Funds programs with large, unbalanced budgets that have been deemed ineffective by the Congressional Budget Office
Spends $650 million for digital TV coupons
Spends $44 million to repair the US Department of Agriculture headquarters
Spends $166 billion on states that have failed to balance their budgets
Spends $200 million for grass planting and other projects on the National Mall

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