Jobs

I have been a small business owner all my life, and understand all too well what it takes to make business succeed. A business can't afford to spend more than it earns for very long. It must be able to make judgments to prioritize its expenses if it ever hopes to expand, grow, and create sustainable jobs.

It is no wonder that our companies and jobs are moving overseas to India and China; it is much cheaper to operate there because our government’s unfair burdens don’t give our businesses a fighting chance. We need to understand that it is only through productive enterprise that jobs can be created, and if the government puts business out of business, it hurts us all.

Our government is hurting business confidence and extending this recession by increasing taxes and imposing regulations at a time when the economy is fragile. Businesses need stability and certainty, and the continued failure by this administration to recognize this is the reason businesses are refusing to expand, grow, and create jobs. Creating massive new bureaucracies, as this Congress has done with the Health Care Law, and proposes to do with Cap and Trade, Financial Regulation, and the like, is the wrong approach.

My plan for immediate job growth includes the following:

First, repeal Obamacare. More than anything, this looming unconstitutional, unwanted mandate continues to threaten job creators who are uncertain what the future brings. Removing this barrier would create confidence in the marketplace by assuring businesses once and for all that they will not be forced into to incur massive new expenditures from the law. Repeal would have the added benefit of immediately cutting $1.5 Trillion in future government spending, in effect accomplishing the objective of the recently created bipartisan congressional budget committee, and eliminating the impending threat of cuts in national defense and Medicare. And, of course, no services would be "cut" because this law has not yet been implemented and no citizen would be deprived of any service.

Second, cut real government spending immediately, by 15%, reducing today’s $3.8 Trillion annual budget expense by least $500 Billion in 2013. Businesses are sitting on over $1.5 Trillion dollars, lacking confidence in this administration, fearful that the liberal government will take the fruits of their investments, and contributing to theStandard and Poor’s downgrading of our credit rating. This will send a signal that the government will not stand in the way of future success.

Third, encourage voluntary repatriation of the more than $1 Trillion dollars currently held overseas by U.S. businesses by exempting those funds from tax, and providing tax credits for reinvestment in the United States and the hiring of the unemployed. Companies currently shield these funds overseas solely to avoid our honerous tax laws, which certainly doesn’t help our economy. We should encourage U.S businesses working overseas to instead bring the money back home by removing the barriers this administration has created.

Fourth, implement immediate regulatory reform. This includes imposing an immediate moratorium on all pending federal regulations, audit all regulations passed since 2008 to determine their need,
impact, and effect on job creation, Pass the REINS Act to rationalize the regulatory process,
going forward, and repeal the Dodd-Frank, “too big to fail” bailout scheme.

Fifth, eliminate capital gains and reduce the corporate tax rate to 20%. This will allow businesses and investors to hold onto their capital and use it for business expansion and hiring.

Sixth, engage in tort law reform by making lawsuits against companies more difficult, and creating an environment more on a level playing field with countries that have no such barriers.

All of these reforms will create private sector, long-term sustainable jobs, not temporary make-work government positions, created at the expense of taxpayers