With the unemployment rate at a five-year low and with 2.3 million new jobs created just in the last year, I was proud to visit AMEX as a member of Congress who understands the importance of the tax cuts that have led to this growth.
As we approach the 110th Congress, I certainly hope Nancy Pelosi and the Democratic Party recognize just how critical it is to maintain the tax cuts and keep hard-earned dollars in the pockets of American taxpayers.
I was also reminded of the importance of restoring America's lead in world capital markets. The high burden of regulation and compliance is outsourcing America's lead. More companies are increasingly turning to London or Luxembourg instead of New York to raise capital. It is time to review the effects of Sarbanes-Oxley and keep that which is a net advantage to the investor and reform those provisions that put investors, companies, and the American economy at a disadvantage.