Whitman to Testify at Economic Hearing

Meg Whitman, the former chief executive of eBay and a potential candidate for California governor, will join Mitt Romney at a hearing Republicans are holding this week on the economy.

House Republican Whip Eric Cantor (R-Va.) is bringing together a star-studded cast for Thursday’s testimony. The hearing comes a week after Democrats held their own gathering on Capitol Hill with five sympathetic witnesses who promoted an economic stimulus package focused on government spending.

Cantor called the hearing at 10 a.m. Thursday at Obama’s invitation to present alternative viewpoints about promoting economic growth. He has also opened his website to public comments and encouraged citizens to submit questions via YouTube. (In addition to posting on YouTube, you can send the raw video file to [email protected].)

Conservatives are becoming increasingly skeptical about Obama’s plan given its large price tag. My colleagues at The Heritage Foundation have outlined an alternative proposal that would create or save 3.6 million jobs — nearly as many as Obama has outlined under his plan. The difference, however, would be its approach. Rather than boosting government spending for infrastructure projects, Congress would reduce tax rates on individuals, small businesses and corporations through 2013 and extend the 2001 and 2003 tax cuts.

Here’s an explanation from Heritage economist Bill Beach: