KEY QUOTE: “The very threat of these tax hikes, combined with the new health care law and the hundreds of new rules and mandates coming out of the Obama Administration, are freezing employers with uncertainty at a time when we need them to invest in their growth.”
How will raising taxes put Ohioans back to work?
John Boehner
Troy Daily News
August 18, 2010
Disappointed Ohioans are asking “where are the jobs?” as President Obama returned Tuesday to Columbus – the city where he kicked off his “Recovery Summer” tour back in June – following a week of troubling news on the economy.
New jobless claims rose to the highest levels in six months. A July shortfall put our budget on pace to exceed an already jaw-dropping $1.47 trillion deficit this year. Foreclosures rose 9 percent from June.
These were the headlines that came as terrible news for the 14.6 million Americans looking for jobs and countless others struggling to make ends meet, and further confirmation that the administration’s “stimulus” policies have not created jobs “immediately” and held unemployment under 8 percent as the president promised. Since February 2009, our economy has lost roughly 3 million private sector jobs while the unemployment rate has grown to 9.5 percent. In Ohio, and across much of the Eighth Congressional District, the unemployment rate is a full point higher.
Unfortunately, President Obama and his team have decided it is easier to attack me and my fellow Republicans than it is to change course and scrap the failed “stimulus” policies that are hurting our economy and stifling job growth. Just last week the vice president’s chief economist went so far as to accuse me of “want[ing] a lot of people to lose their jobs” for suggesting that unspent “stimulus” dollars be returned.
Never mind that this is an idea worthy of consideration in the wake of the Strickland administration’s “Rebate-Gate,” which resulted in “stimulus” dollars being used to outsource work to El Salvador, the simple fact of the matter is that a nation in our fiscal condition should be spending less, not more. No one wants to see more job losses, which is why we must heed the advice of more than 100 economists and act immediately to cut government spending now and prevent the administration’s plans for a massive tax hike on American families and small businesses from going into effect at the end of the year.
The administration claims that these tax increases will only affect a small number of Americans, but according to an analysis by the non-partisan Committee on Joint Taxation, Congress’s official tax scorekeeper, half of small business income in America will face higher taxes under the president’s plan. The very threat of these tax hikes, combined with the new health care law and the hundreds of new rules and mandates coming out of the Obama Administration, are freezing employers with uncertainty at a time when we need them to invest in their growth.
House Republicans are listening to the Americans who are fed up with Washington Democrats’ tax-and-spend agenda and offering better solutions to help small businesses create new jobs. Over the past year we’ve presented President Obama a “no-cost” jobs plan and a proposal to immediately cut $1.3 trillion in government spending. This common-sense plan would put the nation back on a path to fiscal discipline by ending TARP, reforming Fannie Mae and Freddie Mac and enacting strict caps to limit government spending on an annual basis.
We’ve also launched an America Speaking Out project to engage every day Americans in building a new policy agenda for the nation. Already hundreds of thousands have logged on to submit their ideas and discuss other common-sense proposals to get our economy moving again.
Our economy will recover, but it will do so because of the hard work and entrepreneurship of the American people, not more wasteful Washington spending. Visit AmericaSpeakingOut.com today, and join us in building a more responsive and less costly government focused squarely on putting people back to work.
John Boehner represents Ohio’s 8th District, which includes all of Darke, Miami, and Preble counties, most of Butler and Mercer counties, and the northeastern corner of Montgomery County. He was first elected to Congress in 1990.