President Obama’s policies of more spending, more debt and more taxes haven’t worked. It’s way past time for a course correction. The country needs responsible leadership, not the president’s boasts over anemic growth and unending pleas for patience. Americans are looking for a sustained and real recovery. This weak report is nowhere near enough, and this has gone on long enough. Any real jobs plan must stop the regulatory madness and avert the fiscal cliff of tax increases on January 1. The health care law is yet another drag on the economy. Small businesses need tax relief and regulatory certainty to grow and hire.
The answer to creating jobs and jumpstarting the sluggish economy shouldn’t be a surprise. Small firms are the biggest job creators. Yet, the vital role small businesses play in economic growth is still overlooked. Together, these small firms consistently create 60 to 70 percent of new jobs, year after year, and employ more than half of the entire U.S. workforce at 27 million different places of business. That means we all have a vested interest in keeping that dynamic job creation going strong.
But unfortunately, small businesses are barely staying afloat. Based on NFIB’s monthly economic survey that will be released on Tuesday, small businesses have experienced no growth over the last few months. We can do better than this.
The House has passed more than 30 jobs bills that sit idle in the Senate, with no leadership from President Obama to move them forward. The House also created a Plan for America’s Job Creators to boost private sector growth, while our counterparts in government sit on their hands. House Republicans can’t do this alone.
If we want to successfully address our nation’s unemployment crisis, we must promote policies that provide confidence to small businesses. If we want to see Americans get back to work and our economy recover fully, we must start with our nation’s best job creators — small businesses — and remove obstacles that prevent growth and job creation.
Graves, a Republican from Missouri, is chairman of the House Small Business Committee.