President Calls Job Creators "Soft" While Imposing Excessive Regulations, Threatening Tax Hikes

Channeling then-President Jimmy Carter’s “malaise” speech, President Barack Obama says America has gone “a little soft” and lacks the “competitive edge” it used to have. “We need to get back on track,” he said. But much as the policies of the Carter years contributed to the economic challenges of the time, the Obama Administration’s push for more regulations and restrictions, higher taxes, and continued reckless spending has created an environment where small local businesses (and corporate icons alike) can’t hire – and fear for the future. For example:

EXCESSIVE GOVERNMENT REGULATIONS “HINDER JOB GROWTH” & “RAISE PRICES FOR CONSUMERS”…

“Small businesses across America are being caught under a deluge of federal regulations,” writes a small business representative in the Cincinnati Enquirer. To let small businesses create new jobs, he says “we must stop holding them back with costly and often unnecessary red tape.” Excessive regulations not only “hinder job growth,” they “raise prices for consumers” as well. For example, “Bank of America announced Thursday it will charge its debit card users a $5 monthly fee beginning in early 2012” – a consequence of “the so-called Durbin Amendment” from the Dodd-Frank regulatory onslaught.

THREAT OF TAX HIKES & “ANTIQUATED” TAX CODE CREATE “LESS FRIENDLY BUSINESS ENVIRONMENT”…

National Federation of Independent Business's chief economist, William Dunkelberg, says uncertainty over tax rates – and the threat of tax hikes – is weighing down small businesses. “There is no certainty about anything,” he said. And according to the Financial Times, “Coca-Cola now sees the US becoming a less friendly business environment than China, its chief executive has revealed…” Among the problems he cited was America’s “antiquated” tax structure: “‘I believe the US owes itself to create a 21st century tax policy for individuals as well as businesses,’ he said.”

WASHINGTON SPENDING BINGE CONTRIBUTES TO “UNCERTAIN BUSINESS CLIMATE,” WON’T PREVENT FUTURE DOWNGRADES…

The Arizona Republic talked with small business owners who are “wary” and “skeptical” about the president’s latest proposal, and fear it could be little more than “another stimulus plan.” And the chief executive of Boeing – itself under assault by an aggressive federal agency (see the House-passed bill preventing this action) – says “Standard & Poor’s decision to downgrade U.S. debt” is one of several factors contributing “to the uncertain business climate.” But experts, such as a former Congressional Budget Office director, say the president’s plan won’t prevent future downgrades in part because it fails to protect America’s entitlement programs from bankruptcy.

REPUBLICAN PLAN FOR AMERICA’S JOB CREATORS REMOVES THESE BARRIERS TO JOB GROWTH…

Instead of saying the country he leads is “soft,” President Obama should look at the impact his “spend, tax, and regulate” agenda is having on America’s “competitive edge.” As Speaker Boehner said recently, job creators are paralyzed by “the constant threat of new taxes, out-of-control spending, and unnecessary regulation from a government that is always micromanaging, meddling, and manipulating.” That’s why Republicans are working to remove these government barriers to job growth. The House has passed more than a dozen jobs bills already, and Republicans’ are seeking common ground with the White House (exemplified by the recent patent bill signed into law). Learn more at jobs.GOP.gov.