RSC Statement on Fiscal Stimulus

The Republican Study Committee, comprised of more than 100 conservative Representatives, has released a statement on the fiscal stimulus package. The key bit:

Conservatives know that it is never a bad time to let families keep more of their own money. We are, in fact, the ones who have been leading that charge in Congress. We agree that now is an especially good time for family tax relief given rising energy, food, and tuition costs. However, temporary consumer tax rebates should not be confused with economic stimulus. I remain concerned that in the rush to act, an opportunity to put together legislation that will actually grow and stimulate the economy is being missed.

“The last time our country faced recession, rebates were helpful to consumers but did little to turnaround the economy. History shows us that the best way to provide an economic turnaround, preserve jobs and spur economic growth is to ensure that job creators face a lower tax and regulatory burden. Part of our economic slow down is due to the massive tax increases threatened by Democrats and the resulting uncertainty.

…“House conservatives believe that economic stimulus legislation should actually include economic stimulus.”