The Republican Study Committee released some bullet points on its alternative to the Democrat's stimulus plan.
A lot of these sound like really good ideas. The halt on mandatory IRA withdrawals makes sense -- you don't want to force people to take a loss on their retirement income.
The reduction in the corporate tax rate would make it match most of Europe. That could help reduce incentives to outsource jobs overseas.
The one I've got mixed feelings on would be the one that would let people take money out of their IRA without penalties or taxes in 2009. While that could certainly help the economy if people take money out and then spend it; it could backfire if people took the money out solely to pay off debts. In the latter situation, the economy wouldn't be kicking up, but the stock market would continue to slide.
Also, I'm pretty sure if they passed that provision into law, that there wouldn't be a traditional IRA left in America by year's end. Unless I'm missing something, that would be the perfect time to roll your traditional IRA into a Roth IRA.
There's some good ideas here and I hope that President-elect Obama meant it when he said he would entertain all ideas.