President Obama went “onto the campaign trail” this week, but he didn’t bring any new ideas on how to help the private sector create jobs. Instead, he called for higher taxes on job-creators, criticized Republicans, and offered no new plan to help the private sector create jobs:
>> CALLING FOR HIGHER TAXES ON JOB CREATORS: “Obama cited a column by Warren Buffett, in which the billionaire investor said the rich had been ‘coddled’ by Congress, to argue for tax increases on the wealthy…to close the deficit gap.” (Reuters, 8/15/11)
>> SAYS GOP OPPOSITION TO JOB-CRUSHING TAX HIKES ‘'NOT COMMON SENSE’: “President Obama, hitting back against an emboldened GOP, launched a rare direct attack Monday on the Republican presidential field, criticizing his potential 2012 rivals for their blanket opposition to any deficit-cutting compromise involving new taxes.” (Associated Press, 8/16/11)
>> BUT POTUS STILL HAS NO NEW PLANS TO HELP CREATE JOBS: “White House officials said not to expect to hear Obama unveil the series of jobs proposals the president promised during a fiery stop in Holland, Mich., last week.” (The Hill, 8/15/11)
Meanwhile, investors are losing confidence in the economic “recovery,” the Wall Street Journal reports: “The economy needs to grow 2.5% to 3% a year to create jobs fast enough to keep the unemployment rate stable, Moody’s said. However, Moody’s said it doesn’t think this will happen soon.”
With unemployment at more than nine percent and millions of Americans asking “where are the jobs?” Washington needs to help the private sector create jobs – not raise taxes.
House Republicans’ Plan for America’s Job Creators is focused on doing just that by empowering small business owners and working to eliminate excessive regulations. The GOP plan will stop unelected bureaucrats from dropping loads of job-crushing red tape on small businesses by requiring Congressional approval for any rule that would have major economic impact.
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