Economy & Budget

Extending dividend income and capital gains tax rates would help economic recovery (Rep. John Adler)

As our nation struggles to recover from its worst economic period since the Great Depression, rekindling economic growth and private sector job creation should be at the top of the congressional agenda. Unfortunately, a lack of bipartisanship in Washington has not served our economy well. In an effort to put our economy back on track, we need to extend the current tax rates for dividend income and capital gains before they expire. As small businesses struggle with frozen credit markets and dwindling capital, the last thing our country’s job creators can afford is a tax hike.

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Tackling our nation’s debt (Sen. John Thune)

The spirit of American Exceptionalism that our country’s founding fathers embraced was built on the fundamental pillars of political liberty, economic freedom and moral responsibility. Today, I am concerned that one of those pillars is at risk: our economic freedom.

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Washington's mishandling of the Bush tax cuts (Sen. John Ensign)

The past 19 months have been historic in the United States for many reasons. While the American people have been waiting for Washington to deliver economic policies that will get them back to work and our economy back on track, Washington has focused its attention elsewhere.

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Ending tax cuts for small businesses would hurt the economy (Rep. Tom Cole)

Last week, President Obama indicated a willingness to extend the Bush tax cuts for taxpayers with income under $250,000.  Facing declining polls and an all but certain electoral disaster in November, this president is playing to his strength - political gamesmanship - and exposing his Achilles' heel - managing the economy and creating jobs.  Extending 80 percent of the Bush tax cuts for 95 percent of the taxpayers is certainly good politics, but standing by while massive tax increases go into effect for American small businesses is a terrible economic policy.

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Labeling China as a currency manipulator invites trade retaliation (Rep. Peter Roskam)

The faces at the negotiating table may change over the years, but the dispute between the USA and China remains the same: how should America’s policymakers respond to China’s undervalued currency? As China suppresses the value of its currency, it creates an unlevel playing field for U.S. businesses, and this competitive disadvantage contributes to U.S. jobs losses.

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We're just getting started

Today looks to be a great day that’s been a long time coming.  Today the Senate finally starts the voting on the Small Business Jobs Act and with the word that Senator Voinovich will support the bill success is at hand.  Before the voting began a press conference was held in the Mansfield Room of the Capitol.  Speaking were Senators Landrieu, Boxer, Merkely and Cantwell .  Also speaking at the event was Gene Sperling, Counselor to Treasury Secretary Geitner, John Arensmeyer, president of the Small Business Majority and me.

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Save our shipyards

Politicians can yammer all they want about “creating” new jobs, but do they have the backbone to save the few remaining good jobs that exist?  Two major shipbuilders (Northrop Grumman, with two first-tier yards in the Gulf Coast one in Newport News Virginia; and Aker Philadelphia Shipyard) are issuing layoff notices that will eventually hit as many as 12,000 or 13,000 workers. The ultimate job casualties will be ten times that total. 

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