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Jan 25,2008
Republicans weigh in on stimulus plan
by UPI

BOCA RATON, Fla. - The Republican presidential hopefuls, during Thursday's debate before the Florida primary, offered varying degrees of support for the economic stimulus package.

The package approved earlier in the day by the U.S. House and backed by the president.

"It's something I support and I look forward to taking it further," said former Massachusetts Gov. Mitt Romney, RTT News reported.

The $150 billion economic stimulus plan would give qualified taxpayers up to $600 and two-wage-earner households as much as $1,200. The proposal, yet to be approved by the Senate, would also give tax cuts to businesses and overhaul federal home lending programs.

John McCain, the only Republican presidential candidate who is in the Senate, said he will vote for the stimulus package, RTT reported.

Former New York Mayor Rudy Giuliani said the plan is "OK," adding that the package "does not go far enough."

Former Arkansas Gov. Mike Huckabee offered qualified support for the stimulus package, expressing concern that the tax rebates would be financed by borrowing from foreign lenders, including in China.

Texas Rep. Ron Paul, a libertarian-leaning Republican, said the federal government should have only a limited role in boosting the U.S. economy.

"The government does have a responsibility, but it's supposed to lower taxes, get rid of regulations and devise a monetary policy that makes some sense," Paul said.


© 2008 United Press International. All Rights Reserved.

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