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Straight Talk: GOP “Freeze and Cut” Proposal, Rising Health Care Costs and More
Washington, D.C.,
September 10, 2010
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Alexandra Sollberger
((202) 225-5821)
Friends: We’ve hearing a lot of rhetoric from Washington lately about the economy and job creation, but very little action. This week, President Obama announced a new “stimulus” plan for the economy that includes $50 billion in infrastructure spending and an extension of the research and development tax credit for some businesses. Although the White House claims these initiatives could create jobs by early 2011, many believe that these costly proposals are too little effort, too late. It’s time to face facts: our economy shed more than 283,000 jobs over the summer and the national unemployment rate continues to creep toward ten percent. Injecting more taxpayer dollars into our markets in an effort to spur growth is not the right plan, nor is providing a limited tax cut without a reduction in federal spending. My Republican colleagues and I have put our full support behind a simple, two-point plan introduced by Republican Leader John Boehner (R-OH): freeze all current tax rates for two years and cut government spending to 2008 levels. Now more than ever, we need to focus on common sense strategies that work for small businesses and families. Leader Boehner’s proposal is simple, logical, and exactly what we need to encourage lasting economic growth. I want to hear what you think needs to be done to spur our recovery. Please take a moment to share your thoughts in our survey. Click here to participate.
News from the Small Business Committee: Rep. Glenn Thompson (R-PA) visited TRS Technologies in State College, PA. Rep. Blaine Luetkemeyer (R-MO) talked about the “Freeze and Cut” proposal on Radio America and released a statement. Rep. Luetkemeyer also wrote an op-ed about federal spending and another on helping our economy recover. Rep. Mike Coffman (R-CO) released a statement in support of the GOP “Freeze and Cut” proposal. He also commented on the August unemployment numbers and hosted a small business tour in the 6th district of Colorado. • Next week, the Senate is expected to consider H.R. 5297, the Small Business Jobs and Credit Act. This legislation would create a $30 billion fund to encourage banks to lend to small businesses; however, many unrelated items have been added to the legislation since it passed the House in June. Republican support for the legislation has been limited due to concerns that this is another taxpayer bailout with no guarantee that the funds will actually go to small businesses. • The National Association of Manufacturers published a study entitled, “Labor Day 2010: The Impact of Anti-Labor Policies on Working Men and Women.” |