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GOP Plan for Job Growth

September 23, 2010

Washington isn't listening, listening, listening (echo)

Washington has not been listening. Perhaps soon there will be a new, gentler,  business friendlier Washington.

In preparation of the GOP taking over the house, The GOP is taking a Pledge to America. The pledge is firmly footed in the same principles as the Declaration of Independence, and the Constitution of the United States of America.  Read the entire pledge here: A Pledge to America

Contained within the GOP Pledge is a plan to create jobs, end economic uncertainty and make America more competitive. The 4 plans targeting job growth is one particular area of the pledge that unemployed America needs and wants to hear about. Contained within the Jobs Growth plan are such common sense items like ending taxes, tax deductions for small businesses, less government red tape and repealing health care mandates.

Here is this portion of the pledge:

Our Plan to End The Uncertainty and Create Incentives for Job Growth
If we’ve learned anything during the recession, it’s that we cannot tax and spend our way to prosperity.The best way to get people working again is to rein in the growth of government and end the uncertainty facing small businesses.By addressing both issues, our plan revives free enterprise and moves America away from a
debt-driven economy.
• Permanently Stop All Job-Killing Tax Hikes:We will help the economy by permanently stopping all tax increases, currently scheduled to take effect January 1, 2011.That means protecting middle-class families, seniors worried about their retirement, and the entrepreneurs and family-owned small businesses on which we depend to create jobs in America.
• Give Small Businesses a Tax Deduction:We will allow small business owners to take a tax deduction equal to 20 percent of their business income.This will provide entrepreneurs with a much-needed infusion of capital for investment and new hiring.
• Rein In the Red Tape Factory in Washington, DC:Excessive federal regulation is a de facto tax on employers and consumers that stifles job creation, hampers innovation and postpones investment in the economy.When the game is always changing, small businesses cannot properly plan for the future. To provide stability, we will require congressional approval of any new federal regulation that has an annual cost to our economy of $100 million or more. This is the threshold at which the government deems a regulation “economically significant.”If a regulation is so “significant” and costly that it may harm job creation, Congress should vote on it first.
• Repeal Job-Killing Small Business Mandates: One of the most controversial mandates of the Democrats’ government takeover of health care requires small businesses to report to the Internal Revenue Service any purchases that run more than $600.This 1099 reporting mandate is so overbearing that the IRS ombudsman has determined that the agency is ill-equipped to handle all the resulting paperwork.We will repeal this job-killing small business mandate.
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