The Republican Jobs Plan: An alternative to President Obama's newest $447 billion jobs stimulus package.
What are Republicans putting forward to address the unemployment crisis? On Thursday, Speaker Boehner gave a speech to the Economic Club of Washington, D.C.,where he rolled out the Republican alternative to the President's American Jobs Act.
Highlights from Speaker Boehner's speech.
on the President's jobs plan...
"Last week the president put forth a new set of proposals. The House will consider them, as the American people expect. Some of the president's proposals offer opportunities for common ground."
"But let's be honest with ourselves. The president's proposals are a poor substitute for the pro-growth policies that are needed to remove barriers to job creation in America...the policies that are needed to put America back to work."
on why the private sector is not hiring...
"They've been slammed by uncertainty from the constant threat of new taxes, out-of-control spending, and unnecessary regulation from a government that is always micromanaging, meddling, and manipulating."
on reforming the tax code...
"Yes, tax reform should include closing loopholes. Not for purposes of bringing more money to the government. But because it's the right thing to do."
"And if we're going to tackle tax reform, we should do it all.
"Making short-term fixes in exchange for long-term flawed policy is not tax reform."
"Tax reform should deal with the whole tax code, both the personal side and the corporate side, and it should result in a code that is simpler and fairer to everyone."
"Tax increases, however, are not a viable option for the Joint Committee."
on the Joint Committee's path forward...
"The Joint Committee can achieve real deficit reduction by reforming entitlements and taking real action to preserve and strengthen Social Security, Medicare, and Medicaid."
"Most of the entitlement reforms in the House GOP budget are phased in over time. And that's the way the Joint Committee should do them as well.
"Modest changes in spending programs today can have large effects tomorrow.
"Gimmicks, however, are unacceptable. As I told the president's economic team during the debt limit negotiations: we're just not doing that anymore.
"Deficit reduction shouldn't just be about quantity; it should be about quality.
"The Joint Committee can succeed, and it must succeed. And with success, it can help to lay the foundation for economic growth and job creation in America.
"If the Joint Committee does its work correctly - addressing the structural problems in our entitlement programs that have put us in danger of more job-destroying downgrades, and setting the stage for fundamental tax reform that will help to support private investment - it will have begun to remove some of the biggest barriers to job creation that exist in our country today.
the fall legislative agenda...
"The NRLB bill is one of a whole series of measures we're working on this fall to reduce the burden of excessive regulation on job creators."
"We'll pass the REINS Act, which would require congressional review for any new regulation that has a major impact on the economy. House committees have identified dozens of job-crushing regulations that are keeping our economy from producing jobs."
"We'll repeal the '3 percent withholding rule,' which serves as an effective tax increase on those who do business with the government."
"We'll stop excessive federal regulations that inhibit jobs in areas as varied as cement and farm dust."
"We'll work on other reforms such as removing barriers to increased domestic energy production and removing barriers to trade, many of which are in the House GOP jobs agenda at Jobs.GOP.gov."
Check out House Budget Committee Paul Ryan's (R-WI) plan for pro-gowth tax code reform that would help to create private sector job creation.
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