Senate GOP’s ‘stimulus plan’ costs 3.5 times as much as Obama’s

By GottaLaff

Think Progress has the details, but here is the gist:

Senate Minority Leader Mitch McConnell (R-KY) said that President Obama’s recovery package, priced at roughly $819 billion, is too expensive. GOP “members” believe that they can pass a “very robust” stimulus at a cheaper price, he said.

A new Wonk Room analysis finds that DeMint’s plan will cost $3.1 trillion over ten years, more than 3.5 times the cost of Obama’s.

Not surprisingly, DeMint’s plan consists of permanent tax breaks for corporations and lowering income tax for the wealthy. For the Senate GOP, it seems that deficit spending is permissible as long as it is done via tax cuts for the rich.

Meantime, some moderate Republicans may be coming around.