Congressional Democrats and the Administration continue to insist that we can spend our way out of this recession and create jobs, but the numbers just don’t add up. Over a year ago, the so-called ‘stimulus’ bill was passed with the promise that it would create jobs and keep unemployment below eight percent. I opposed the so-called ‘stimulus’ bill because I'm against borrowing more foreign dollars and putting greater debt on our children and grandchildren. Unfortunately, the $862 billion ‘stimulus’ bill has expanded the government, seriously added to our national debt and has failed to keep unemployment down, especially in the private sector.
Small business and entrepreneurship have been the backbone of our economy and the engine of job creation in America. Rather than spending money we don’t have for government programs, a job-killing government-run health care system, and a national energy tax, it's time for policies that empower small businesses, restore consumer confidence, and create private-sector jobs.
It's time to restore fiscal sanity in Washington and get our economy back on track. As someone who has run a small business, I know the challenges businesses face, especially in a tough economy. Just as a business must balance its books and watch the bottom line, our government must return to policies of fiscal discipline.
The Path To Prosperity
The House Republican majority introduced a Fiscal Year 2012 budget that moves the debate from billions in spending cuts to trillions. The first step to getting our economy back on track is to stop spending money that we don't have. At its core, this plan of action is about putting an end to empty promises from a bankrupt government and restoring the fundamental American promise: ensuring our children have more opportunity and inherit a stronger America than our parents gave us. Click here to read more about the Path to Prosperity.
Keeping America Competitive
Free Trade Agreements:
America was built and bred on the bedrock principle of free enterprise: Let us invent it, let us build it and let us sell it. This industrial and entrepreneurial spirit has consistently fueled America as the global leader of enterprise and prosperity. If we are going to get America working again, we have to return these founding principles to our policies. In the 112th Congress, we took a significant step toward growing our economy, creating jobs and ensuring America’s global competitiveness by passing Free Trade Agreements with Colombia, Panama and South Korea. These agreements offer an opportunity to expand market access for U.S. goods and services with important trading partners.??They will level the playing field for American companies, boost demand for American products, increase America’s global competitiveness, give consumers more choices and lead to $13 billion in new export opportunities. Most importantly, these three agreements will create approximately 250,000 jobs without government spending according to the President's analysis. Free trade agreements have proven to be one of the best ways to open up foreign markets to U.S. exporters. Trade agreements reduce barriers to U.S. exports, protect U.S. interests and enhance the rule of law in the FTA partner country. The reduction of trade barriers and the creation of a more stable and transparent trading and investment environment make it easier and cheaper for U.S. companies to export their products and services to trading partner markets. Our ability to export American goods is a crucial component of our country’s economic prosperity and global competitiveness in that 20 percent of all manufacturing jobs, almost 3 million, are dependent on U.S. exports. Every $1 billion in exports generates 25,000 new jobs, spanning all sectors of our economy: manufacturing, transportation, logistics and agriculture. It is time to level the playing field and protect America’s place at the global dinner table.
Ending Overbearing Government Mandates:
Job creators are being bogged down by burdensome regulations from Washington that prevent job creation and hinder economic growth. These regulations are particularly damaging for the real job creators in the country: small business owners. We must remove onerous federal regulations that are redundant, harmful to small businesses, and impede private sector investment and job creation.
Under President Obama, manufacturing employment has fallen to its lowest level since 1941, dipping below 12 million for the first time in the post-WWII era. Since President Obama was inaugurated, the manufacturing sector has shed 600,000 jobs. American manufacturing is vital to keeping American the most competitive nation in the world. Manufacturing jobs in the 25th district of California are especially vital to our local economy, where thousands of jobs are supported in the industry. It is critical that we strengthen manufacturing to maintain a flourishing economy for generations to come.
In 2011, the national debt hit the $15 trillion mark. This is unprecedented and unacceptable. Since President Obama took office the national debt has increased by $3.7 trillion. To put that in perspective, it took the U.S. 216 years, from 1776 until 1992, to accumulate the same amount of debt that the President has borrowed in 2.5 years. The grim realities of our dangerous fiscal situation could not be clearer. Across the globe we are witnessing firsthand the perilous ramifications of fiscal irresponsibility. We as a country must act now if we want to maintain our standing as the globe’s leader of power and prosperity. I support a Balanced Budget Amendment to the Constitution, that will force the federal government to live within its means. We have a chance to realign the spending mentality in Washington that has prevailed for far too long. It's time to end Washington's spending binge has put our nation in debt, eroded economic confidence, and caused massive uncertainty for private sector job creators.
Each year, families and businesses across the country forge through mountains of forms and receipts, attempting to properly navigate their tax returns. At over 72,500 pages, our tax code has become a broken maze of complexity, bureaucracy and political favoritism, and it has to be fixed. We need a tax code that is simple and fair for all Americans.
This year, the House passed a budget that will reform our broken tax code to spur job creation and economic opportunity by lowering rates, closing loopholes, and putting hardworking taxpayers ahead of special interests.
Here is the breakdown of our vision for how we can fix our broken system with a fair, simple and competitive tax code: