"Stimulus" Sugar High No Substitute for Pro-Growth Jobs Policies
Republicans, as promised, continue to act on portions of the president’s economic proposals – including a change in the three-percent withholding tax, which the House will consider next week. Unfortunately, many of the proposals the president is stumping for this week involve chasing the same ‘stimulus’ sugar high that hasn’t worked, and won’t work now.
“The lesson of the stimulus era,” Speaker Boehner said in a speech to the Economic Club of New York in May, “is that short-term government intervention is no substitute for long-term economic investment, private initiative, and freedom.” Boehner, a former small businessman, talked about how the best job creation ideas put an emphasis on where jobs are actually created – not manufactured – and that’s the private sector.
Two weeks later, House Republicans released a Plan for America’s Job Creators, a jobs plan focused on ways to build a lasting environment for private-sector job creation, including:
- Boosting manufacturing competitiveness by opening new markets to American-made goods, including through job-creating free trade agreements.
- Maximizing domestic energy production to help lower costs and create jobs while stopping anti-energy policies that detract from these goals.
- Identifying regulatory barriers to small business job creation, fixing them, and requiring congressional approval of any future rules that may hurt the economy.
- Fixing the tax code to help job creators so that it can be source of economic growth instead of a drain on families and small businesses.
- Paying down our debt and living within our means through spending cuts, tough caps, and a Balanced Budget Amendment to the Constitution.
These ideas aren’t packed into one “very big,” expensive, one-size-fits-all bill – they’re spread out among a series of initiatives written by lawmakers after listening to the job creators they represent. When you look at the status of these proposals – which you can do with this easy-to-use jobs tracker – you’ll find that some, including free trade agreements with Colombia, Panama, and South Korea, have been enacted as part of Republicans’ efforts to find common ground with the president.
Unfortunately, at least 15 House-passed jobs bills remain stalled in the Democratic-led Senate, which hasn’t passed a budget in more than 900 days. Why hasn’t the president, who has called on leaders in Washington to “put country before party,” urged his fellow Democrats in the Senate to bring these bills – many of which have bipartisan support – to a vote? Why say “no, we can’t” to these common-sense, bipartisan initiatives that will help build a foundation for long-term growth?
As Speaker Boehner recently wrote, “We’re ready to work with the president, and we hope the president will work with us.”