RSC Pushing Alternative Approach

Posted October 1, 2008 at 10:44am

Republican Study Committee Chairman Jeb Hensarling (Texas) wrote colleagues Wednesday to reiterate that the group is still pushing alternative financial rescue plans to the administration approach that the Senate is taking up Wednesday night.

“Judging by the number of emails I have received over the last few days, there still seems to be some confusion about whether the RSC still needs an alternative,” the letter said. To be clear, the RSC is proposing “a number of alternatives and continues to fight for a legislative package” based on free-market principles.

Hensarling said RSC will hold a member meeting Thursday “to discuss the lay of the land.”

Hensarling speculated that the Senate will pass its bill tonight “and then leave town, putting the House in a take-it-or-leave-it position on Thursday.” Once the bill comes to the House, it is “unclear, although doubtful” that Blue Dog Democrats will oppose the package for including tax extenders that aren’t paid for.