House GOP Announces Plan for America’s Job Creators
Today Speaker Boehner and House Republicans introduced A Plan for America’s Job Creators, a common-sense plan that builds on the GOP’s job creation efforts and includes a number of provisions outlined in A Pledge to America. Here’s a glimpse at the new Majority’s plan to:
>> Lower Taxes and Simplify America’s Tax Code. “The plan would lower the highest tax rate for individuals and businesses from 35 to 25 percent, according to a fact sheet obtained by CBS News. Tax reform is also on the agenda "to allow American businesses to bring back their overseas profits without having to pay a tax penalty so they can invest in our economy and create American jobs." (CBS, 5/26/11)
>> Shut Down the Job-Crushing Red Tape Factory in Washington, D.C. “One piece, known as the REINS Act — for Regulations from the Executive In Need of Scrutiny — would require congressional approval of federal regulations that have a “significant” impact on the economy.” (The Hill, 5/26/11)
>> Open New Markets to American Farmers and Manufacturers. “The proposal also focuses on the need to pass the pending trade agreements with Colombia, South Korea, and Panama. These agreements are long overdue and as the proposal highlights will lead to the creation of 250,000 jobs. When passed, the three trade deals will yield a $13 billion increase in economic revenue for U.S. businesses, as well as the hundreds of thousands of jobs highlighted above.” (Americans for Tax Reform, 5/26/11)
>> Address High Gas Prices. Politico notes that the GOP’s plan will “Maximize Domestic Energy Production to Ensure an Energy Policy for the 21st Century [and] [p]romote lower energy prices through increased domestic production.” (The Huddle, 5/26/11)
The GOP’s Plan for America’s Job Creators follows months of tough work to stop Washington Democrats’ historic spending binge that is crowding out private-sector job creation. And it couldn’t come at a better time, as Reuters reports that unemployment remains unacceptably high at near 9 percent and jobless claims remain above 400,000 a week.
Republicans pledged to listen to the American people who are fed up with Washington’s debt-driven, government-expanding policies and act to help create jobs and end economic uncertainty. That’s exactly what they’re doing.
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