House to Vote on New Jobs Bills as President Obama Renews Call for Small Business Tax Hikes
“With a torpid job market and a fragile economy,” the New York Times says President Obama will renew (again) his call for tax hikes on small businesses later this morning. Even as leading Democrats have “diverged from what the president is now proposing” – and many balking at raising taxes at all in a weak economy – the White House is clearly trying to change the subject after another dismal jobs report showed the president’s policies have led to 41 straight months of unemployment above 8 percent.
While President Obama is reminding the American people he supports tax hikes on small businesses, House Republicans are preparing to pass several jobs measures this month. The House will vote to:
- Repeal the president’s health care law which is making it harder for small businesses to hire. Small business job creators have repeatedly said they are “afraid to hire new employees” and that the law is “driving up the cost of hiring new employees.” A new op-ed in the Financial Times says “small businesses are among the big losers” under ObamaCare. That’s why the House will vote to fully repeal this law – and all of its tax hikes and regulations – on Wednesday.
- Stop President Obama’s small business tax hike -- the largest tax increase in history. The House Ways & Means Committee says the looming tax hikes “will affect every American who pays income taxes through higher tax rates on individuals, families, and small businesses” – and unless President Obama works with Republicans to stop them, the tax hikes “would have a devastating effect on the economy.” Because fixing the tax code is a key part of the Republican Plan for America’s Job Creators, Speaker John Boehner says the House will also work on “providing a fairer, simpler tax code that lowers rates and closes special interest loopholes.”
- Curtail excessive government regulations that threaten private-sector job growth. As Majority Leader Eric Cantor (R-VA) outlined in May, the House will vote on legislation “to get government regulations off the back of our job creators.” For example, a bill by Rep. Reid Ribble (R-WI) “curtails so-called ‘midnight regulations,’” while a bill by Rep. Ben Quayle (R-AZ) “shines a light on the preponderance of ‘sue-and-settle’ agreements.” These bills and others will help get government out of the way of private-sector job creators.
In addition to these measures, there are more than 30 House-passed jobs bills still being blocked by Senate Democrats. Click here for a full list, and learn more about the GOP jobs plan at jobs.GOP.gov.