Boehner’s proposal would double the size of the child tax credit from $1,000 to $2,000 per child, reduce the corporate tax rate from 35 percent to 25 percent and temporarily suspend the capital gains tax.
And of course, no House GOP proposal would be complete without a call for increased domestic oil drilling, as Boehner rolled his energy plan into the package.
“Americans are overtaxed and wallets are stretched thin,” Boehner said.
“Raising taxes, increasing government spending and redistributing wealth won’t stabilize economy and won’t create new jobs,” he said, taking a shot at Barack Obama.
While Democrats are expected to introduce a roughly $150 billion second economic stimulus package when Congress returns next month, Boehner dismissed the package, saying he didn’t think “that type of spending will help us in the short or long term.”