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(NECN: Washington) - Lawmakers have reportedly made progress on an economic recovery package and a vote could come as early as this afternoon. The economic stimulus plan has grown to $937 billion. Moderates have been circulating a list of cuts. Republican Arizona Senator John McCain, President Obama's former rival for the White House, says "the overwhelming majority of Republican Senators are opposed to this legislation." "The American people are figuring it out that this is not a stimulus bill, it is a spending bill full of unnecessary spending, unexamined policy changes and of course, tax cuts which really do not stimulate the economy," said McCain. "You cannot call a bill bipartisan if it has two or three of four or even five Republicans out of 535 members of Congress. You can call it an agreement, but not a bipartisan agreement," said McCain. McCain's plan contained a one-year cut in the payroll tax, which would help all wage-earners, as well as reductions in the two lowest income tax brackets that would benefit only those who earn enough to pay income taxes. Senate Majority Leader Harry Reid says the country and the world will suffer if Congress fails to act.