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StatementsCalifornia Republican Party Chairman Ron Nehring Issues Statement Concerning Senator Barack Obama's Economic Stimulus ProposalPosted: Wednesday, January 16, 2008 "Senator Barack Obama's 'stimulus package' is more about 'stimulating' his presidential campaign than the economy. Ron Nehring, Chairman, California Republican Party
Today, Sen. Barack Obama (D-IL) Will Hold A "Roundtable On Economic Opportunity" In Van Nuys, California: Sen. Obama Plans To Hold Economic Roundtable Today. "Illinois Sen. Barack Obama is scheduled to hold a "Roundtable on Economic Opportunity" today... . The invitation-only session at the Van Nuys home of a supporter identified by the campaign as Mimi Vitello comes on the first day of the Democratic presidential candidate's two-day visit to delegate-rich California...." ("Obama To Campaign In Southland Today," Long Beach Press Telegram, 1/16/08)
FLASHBACK: When Sen. Obama Proposed His Plan For The Economy In September, It Was Widely Criticized: Las Vegas Review-Journal Called Obama's Plan "A Recipe For Economic Disaster." "[Obama] wants to raise the tax rate on the top income bracket from 35 percent to 39.6 percent, nearly double the tax rate on capital gains and dividends, and eliminate all tax breaks for the gas and oil industries and private equity firm managers. Talk about a recipe for economic disaster." (Editorial, "More Class Warfare," Las Vegas Review-Journal, 9/20/07) Las Vegas Review-Journal: "Sen. Obama's Plan Is More Tired Populism That Would Add Countless Pages To The Tax Code In The Name Of Social Engineering, Pitting Young Against Old And Class Against Class." (Editorial, "More Class Warfare," Las Vegas Review-Journal, 9/20/07) The Washington Post: "[T]he Illinois Senator's Proposals Are Poorly Crafted, Lavishing Tax Goodies Where They're Not Needed." (Editorial, "Mr. Obama's Cookie Jar," The Washington Post, 9/25/07) Pat Toomey, President Of The Club For Growth: "Barack Obama essentially announced his intention to reverse the economic success of the past couple of years by eliminating the most pro-growth aspects of the 2003 tax cuts." (Jeff Zeleny, "Obama Proposes Tax Cuts For Middle Class And Elderly," The New York Times, 9/19/07) Ryan Ellis, Americans For Tax Reform's Director Of Tax Policy: "That is a guaranteed way to not only wreck the economy and the capital markets, it's a guaranteed way for the government to lose tax revenue..." (Russell Berman, "Obama Would Shift Tax Burden To Wealthy," The New York Sun, 9/19/07) U.S. News & World Report's James Pethokoukis: "[T]he Obama Plan Could Also Be Called A 'Ways In Which Government Can Collect More Taxes To Pay For New Spending' Plan..." (James Pethokoukis, "Obama Pushes for Higher Investment Taxes," U.S. News & World Report's "Capital Commerce" Blog, w ww.usnews.com, 9/19/07)
Sen. Obama Said "People Didn't Need" The Republican Tax Relief Of 2001 And 2003: Sen. Obama Said "People Didn't Need" Tax Relief. Sen. Obama: "There is no doubt that the tax system has been skewed, and the Bush tax cuts, people didn't need them and they weren't even asking for them. And that's why they need to be lapsed, so that we can pay for universal health care and other initiatives." (Sen. Barack Obama, PBS' All-American Presidential Forum, Washington, D.C., 6/28/07)
Sen. Obama Gets Low Scores On His Fiscal Record: In The 109th Congress, Sen. Obama Received A Score Of 13 Percent On Spending Issues From Citizens Against Government Waste. (Citizens Against Government Waste Website, www.cagw.org, Accessed 1/13/08) In 2006, Sen. Obama Received A Score Of "F" On Tax And Spending Issues From The National Taxpayers Union. (National Taxpayers Union Website, www.ntu.org, Accessed 1/13/08) In 2006, Sen. Obama Received A 55 Percent Rating From The U.S. Chamber Of Commerce. (U.S. Chamber Of Commerce Website, www.uschamber.com, Accessed 1/13/08)
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