I introduced the JOBS Act, H.R. 4100, which would drastically cut corporate and investment taxes – taxes that are currently the second highest in the developed world. By doing this, Congress would ensure that every small business would have more money to hire new employees and create lasting careers. As Boskin explained, “Reducing taxes on new investment could help strengthen what is a historically slow recovery from such a deep recession. It would also strengthen the economy long-term. American workers would benefit from more jobs in the short run and higher wages in the long run.”
The good news is American jobs were created last month. However, it will take more than a few hundred thousand jobs a month to put the 15 million people American back to work. These individuals can not wait any longer. We need to provide incentives for our nation’s job creator today. We can and must do better.
Cross-posted from Broun's blog.