Iowa Sen. Charles Grassley said Wednesday that he will vote for President Barack Obama’s $900-billion economic stimulus bill if an amendment providing low-interest mortgages is added.
“We have an alternative of 4 percent mortgages for 30 years, fixed,” Grassley said, adding: “If this is adopted, I will vote for it, regardless of what else is in the bill.”
Grassley has said the bill is too loaded down with long-term, wish-list spending. However, an emphasis on housing, like the 4 percent mortgage rate plan, would sway his vote.
Iowa’s senior senator has been targeted, along with handful of other Republican senators, by an ad campaign by a group of progressive and labor organizations asking voters to contact him to urge him to support the Obama plan.
The bill passed the U.S. House last week without a single Republican vote. It is currently being debated in the U.S. Senate.
“People at the grassroots see it as a lot of spending and not very much stimulus,” Grassley said. “Somebody thinks they’re fooling the people of this country with this package, but they aren’t.”