Jobs, Taxes, and the Economy

Jobs, taxes and the economy

Washington has pursued jobs-killing policies, such as a government takeover of health care, a national energy tax, union ‘card-check,’ and a financial regulatory bill that enshrines us as a bailout nation.  These factors have injected uncertainty into the economy, causing nearly $2 trillion in private capital that should be at work creating jobs to stay on the sidelines.

I believe that no nation can spend, borrow, and bailout its way to prosperity. Americans want paychecks, not more unemployment checks. Our economy will not fully recover until Washington stops threatening and punishing job creators with laws and regulations that discourage economic growth.
You may be certain that I will continue to work to keep taxes low on American families and business.  I know that at a time when families are struggling to pay their mortgages, their health care premiums, and to send their kids to college, the last thing we should do is raise taxes.

• Uncertainty in the economy has prevented a more robust economic recovery and sustained job creation.  One of the largest causes of this uncertainty are misguided regulations imposed on small businesses, which is why I have cosponsored legislation to require congressional review of any government regulations that have a significant impact on the economy or burden small businesses (H.R. 10).
• According to a recent study by the Federal Reserve, almost $2 trillion in liquidity is sitting on the sideline in our economy, instead of being used to create jobs and foster economic growth.  I support the Republican Path to Prosperity Budget which embraces a pro-growth tax reform by lowering individual and corporate tax rates while eliminating the confusing and burdensome tangle of loopholes, making the tax code fairer, flatter, and simpler for families and small businesses.

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