Republicans Want to Roll Back the Stimulus

House Republicans are calling for the economic stimulus package passed in February to be rescinded starting in 2010 as part of their alternative to President Obama's budget blueprint.

After being criticized last week for lacking specifics in their budget rebuttal. the Republicans said Wednesday they also want a freeze on non-defense spending and a moratorium on earmarks for Congress.

"This is a budget with real policies and real numbers," said Rep. Paul Ryan, R-Wis. "We're going into an ocean of red ink in this country. There will be a time when others won't buy our bonds."

The GOP plan also proposes major changes to the tax code. It would allow taxpayers to either file under the current system or choose a simpler option: Individuals earning $50,000 or less, and couples earning $100,000 or less, would be taxed at 10 percent. The rate for income above $100,000 would be 25 percent.

Republicans say they would allow taxpayers to fill out their income taxes on an index card.

House GOP members were criticized last week for holding a press conference to unveil their budget alternative without providing a lot of specifics. They said they would need more time to unveil specifics in the ensuing weeks.

As Obama's $3.55 trillion fiscal 2010 blueprint makes its way through Capitol Hill, Republicans have repeatedly said his plan spends too much, taxes too much and borrows too much.

"If we don't tackle these fiscal problems, they're going to tackle us," Ryan said Wednesday. - FOX News

This is a good start, but they have to get their partners in the Senate on board to fight the massive budget of the Democrats and Obama.