Jobs & the Economy
First, the best way to get American families and businesses moving again is to allow them to keep more of their income. Congress should support across-the-board tax cuts. It is essential also that these cuts, besides being broad-based so Washington isn’t picking the winners and losers, they must be permanent so businesses can actually plan and invest on them.
Second, I propose the Administration and Congress act to remove the regulatory barriers to energy production and streamline the existing permitting process. Increased domestic energy production from all sources (including oil, natural gas, oil shale, nuclear, and renewables such as hydropower) will, without a doubt, lower energy costs, reduce our reliance on foreign energy, and create new jobs.
The threat of increased taxes, new government regulation, and costly government mandates – all of which are currently pending before Congress and various regulatory bodies – are a significant threat to any employer who is trying to decide whether they can afford to expand. Since taking office, the Obama Administration has had under consideration over 100 regulations that are deemed economically significant, meaning they have an impact on the economy in excess of $100 million. Many of these rules will directly impact and burden businesses.
Major Legislation (112th Congress)
In the 112th Congress the House passed more than 30 job-creating bills. They are stalled in the Senate. For more on those jobs bills, click here.
Congressman Doug Lamborn touring Skyline Products, a Colorado Springs sign manufacturer. The company has been locally owned and operate for over 40 years.