President's Jobs Council to President Obama: Adopt GOP Bills, Approach to Job Creation

Yesterday, the President’s Council on Jobs and Competitiveness released its year-end report, recommending how we can “create jobs in the short run and improve our nation’s competitiveness over the long term.” The recommendations focus on reducing regulatory burdens, simplifying our tax code, utilizing American sources of energy, and fostering private sector innovation and global competitiveness – the very approach House Republicans have advocated. As Speaker Boehner noted,  “With this report, President Obama’s own panel of experts has endorsed the approach to job creation House Republicans have been pursuing for more than a year.”  Not only does the report align with the approach Republicans have proposed, it reflects legislation already passed by the House and awaiting action in the Democratic-controlled Senate. The House has acted, and all we need now is a willing partner in the Senate to make many of the Council’s recommendations a reality.  That’s why Speaker Boehner yesterday urged, “the President to call on Senate leaders to take up these House-passed jobs bills so we can provide the solutions American job creators say are needed to put people back to work.”  

Here are the ideas proposed in the Council’s report, followed by bills and ideas proposed by House Republicans. 

President’s Jobs Council: Adopt an “All-In” Strategy on Energy – “In order to stay competitive, the U.S. must maintain access to abundant and affordable energy while reducing our reliance on foreign imports and moving toward cleaner energy sources.”
House GOP Solutions:

  • Restarting American Offshore Leasing Now Act, H.R. 1230 (Passed the House, Senate has taken no action to date)      
  • Putting the Gulf of Mexico Back to Work Act, H.R. 1229 (Passed the House, Senate has taken no action to date)      
  • Reversing President Obama’s Offshore Moratorium Act, H.R. 1231 (Passed the House, Senate has taken no action to date)      
  • Jobs and Energy Permitting Act of 2011, H.R. 2021 (Passed the House, Senate has taken no action to date)      
  • North American-Made Energy Security Act, H.R. 1938 (Passed the House, Senate has taken no action to date)

President’s Jobs Council: Enhance American Competitiveness through Smart Regulatory Reforms – “The Jobs Council recommends the Administration and Congress pursue a series of regulatory reforms focused on actively engaging stakeholders, improving regulatory procedures wherever possible, and conducting regulatory impact analysis.”
House GOP Solutions:

  • Review of Federal Regulations, H.Res. 72 (Passed the House)    
  • Reducing Regulatory Burdens Act, H.R. 872 (Passed the House, Senate has taken no action to date)      
  • Disapproval of FCC's Net Neutrality Regulations, H.J.Res. 37 (Passed the House, Senate has blocked a companion measure by a vote of 46-52)      
  • Clean Water Cooperative Federalism Act, H.R. 2018 (Passed the House, Senate has taken no action to date)      
  • Consumer Financial Protection & Soundness Improvement Act, H.R. 1315 (Passed the House, Senate has taken no action to date)      
  • Protecting Jobs from Government Interference Act, H.R. 2587 (Passed the House, Senate has taken no action to date)      
  • Transparency in Regulatory Analysis of Impacts on The Nation, H.R. 2401 (Passed the House, Senate has taken no action to date)      
  • Cement Sector Regulatory Relief Act, H.R. 2681 (Passed the House, Senate has taken no action to date)      
  • EPA Regulatory Relief Act, H.R. 2250 (Passed the House, Senate has taken no action to date)      
  • Coal Residuals Reuse and Management Act, H.R. 2273 (Passed the House, Senate has taken no action to date)      
  • Energy Tax Prevention Act, H.R. 910 (Passed the House, Senate has taken no action to date)      
  • Workforce Democracy and Fairness Act, H.R. 3094 (Passed the House, Senate has taken no action to date)      
  • Regulatory Accountability Act, H.R. 3010 (Passed the House on, Senate has taken no action to date)      
  • Regulatory Flexibility Improvements Act, H.R. 527 (Passed the House, Senate has taken no action to date)      
  • REINS Act, H.R. 10 (Passed the House, Senate has taken no action to date)      
  • Farm Dust Regulation Prevention Act, H.R. 1633 (Passed the House, Senate has taken no action to date)

President’s Jobs Council: Revitalize the American Manufacturing Sector – “To accomplish that we must emphasize our traditional manufacturing advantages while taking more aggressive measures in key sectors to take share from global competitors.”
House GOP Solutions:

  • U.S.-Colombia Trade Promotion Agreement Implementation Act, H.R. 3078 (Signed by the President on October 21, 2011)      
  • U.S.-Panama Trade Promotion Agreement Implementation Act, H.R. 3079  (Signed by the President on October 21, 2011)      
  • U.S.-Korea Free Trade Agreement Implementation Act, H.R. 3080 (Signed by the President on October 21, 2011)      
  • Southeast Arizona Resource Utilization & Conservation Act, H.R. 1904 (Passed the House, Senate has taken no action to date)
  • Continue to open new markets to American made products (GOP Plan for America’s Job Creators)

President’s Jobs Council: Reform the Outdated Tax System to Enhance American Competitiveness – “The Jobs Council supports measures to create a simpler, more efficient tax system that levels the playing field for businesses and makes the U.S. more competitive internationally.”
House GOP Solutions:

  • Increase American competitiveness to spur investment and create more American jobs by streamlining the tax code and lowering the tax rate for businesses and individuals including small business owners to no more than 25% (GOP Plan for America’s Job Creators)
  • Reform the tax code to allow American businesses to bring back their overseas profits without having to pay a tax penalty so they can invest in our economy and create American jobs (GOP Plan for America’s Job Creators)
  • Small Business Paperwork Mandate Elimination Act, H.R. 4 (Signed into law by the President on April 14, 2011)      
  • 3% Withholding Rule Repeal, H.R. 674 (Signed into law by the President on November 21, 2011)      
  • Middle Class Tax Relief and Job Creation Act, H.R. 3630 (Passed the House, Senate has taken no action to date)      
  • Re-Authorize and improve federal programs and approval processes to streamline development of new products (GOP Plan for America’s Job Creators)

President’s Jobs Council: Foster a Climate that Lets Innovation Thrive – “Maintaining our traditional advantage in an era of global competition will require a renewed commitment to invest in innovation—not only the research to develop new technologies and the capital to turn ideas into industries, but a 21st century workforce with the skills to sustain our competitive edge and develop the next round of game-changing inventions.”
House GOP Solutions:

  • The America Invents Act, H.R. 1249 (Signed into law by the President on September 16, 2011)      
  • Small Company Capital Formation Act, H.R. 1070 (Passed the House, Senate has taken no action to date)      
  • Small Banks' Access to Capital Act, H.R. 1965 (Passed the House, Senate has taken no action to date)      
  • Entrepreneur Access to Capital Act, H.R. 2930 (Passed the House, Senate has taken no action to date)      
  • Access to Capital for Job Creators Act, H.R. 2940 (Passed the House, Senate has taken no action to date)      

President’s Jobs Council: Prepare the American Workforce to Compete in the Global Economy – “In order to stay competitive in a global age, we must invest in our future by ensuring Americans have the right education and skills to realize their full potential and drive our nation’s economic success.”
House GOP Solutions:

  • Remove barriers to building a first class workforce so that the United States can compete in the global marketplace and lead the way in technological development and growth (GOP Plan for America’s Job Creators)
  • Fairness for High-Skilled Immigrants Act, H.R. 3012 (Passed the House, Senate has taken no action to date)      
  • Veterans Opportunity to Work Act, H.R. 2433 (Signed into law by the President on November 21, 2011)

Tags: Jobs, Economy