2 lawmakers not keen on stimulus plan
President Obama’s proposal for $50 billion in a second economic stimulus package got a cool reaction from Colorado lawmakers Wednesday.
“I will not support additional spending in a second stimulus package,” Sen. Michael Bennet, D-Colo., said in a statement.
The $787 billion American Recovery and Reinvestment Act still contains unused funds, which could be used to pay for public-private partnerships to improve the nation’s public works, Bennet said.
Though no bill has been drafted, Bennet said he could support other ideas floated by the president, including a research tax credit, clean-energy tax credits and tax incentives to purchase new equipment. Those credits could spur investment, innovation, job creation and economic growth in Colorado, Bennet said.
Sen. Mark Udall, D-Colo, is reviewing the president’s proposals, Udall’s Washington, D.C., office said.
U.S. Rep. John Salazar, D-Colo., who last month said the original legislation was plenty big enough, remained “skeptical of new spending,” according to his Washington, D.C., office.
Salazar reiterated his support for extending the Bush tax cuts for a year pending a report from the president’s deficit-reduction commission.