A review of the key components of the plan sounds much like what we heard last week at the jobs creation forum in Richmond, including:
* reducing regulatory burdens on small business owners
* reforming the tax code and lowering the tax rate to no more than 25%
* advocating for free trade with Colombia, Panama, and South Korea
* modernizing the patent system
* increasing the production of domestic energy
* cutting spending
“Our focus in the House since January has been passing reforms that would take a different approach – policies aimed that would create an environment for long term job growth,” said Speaker of the House John Boehner. “Helping Americans get back to work is our number one priority.”
View Speaker Boehner’s remarks:
Majority Leader Eric Cantor echoed the Speaker’s remarks, but also made clear that Republicans have been taking action towards cutting spending and proposing plans to increase jobs since gaining the majority only to be road-blocked by the administration and Senate Democrats.
“Now more than ever, our nation needs small businesses and entrepreneurs to get people back to work. That’s why we are presenting today a Plan for America’s Job Creators,” said Cantor. “This [plan] represents a real contrast, there is a choice, which the American public will see. We have a spending reduction plan in the Ryan budget. It’s clear that the President, former Speaker Pelosi and the Democratic Leader in the Senate do not have a spending plan. We have a growth plan, they do not. We are focused on the economy and jobs – and have been since day one – and Leader Reid, Leader Pelosi and the President are not.”
View Leader Cantor’s remarks:
Rigell added that the Republican jobs plan is designed to foster innovation and investment, tackle our debt, and help business owners create jobs without raising taxes on working families and small businesses. He is part of the “Job Creators Caucus” – a group of congressmen with experience as small business owners.
The plan has been in the works since the Republican majority was sworn in this past January and marks the culmination of five months worth of committee hearings. It is meant to deliver on promises made by the GOP during the campaign in the Pledge to America.
