Westmoreland: The 'Jobs Bill' that Won't Create Jobs
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U.S. Rep. Lynn Westmoreland today joined fellow House Republicans in opposing a futile jobs bill that will cost $15 billion. 3/4/10 "The Democratic Congress can continue to pass spending measures and slap the label 'jobs bill' on them, but that's not going to create new, long-term employment for Americans looking desperately for work," Westmoreland said. "Tomorrow, the government will release data that we lost about 100,000 more jobs in February. That's the 'success' that the Democrats' agenda has brought us thus far. This $15 billion pales in comparison to the $860 billion passed last year. I'm at a loss as to why we need to spend another $15 billion when the Democrats claim their stimulus bill worked just fine." The HIRE Act suspends payroll taxes for employers that hire
new workers who have been unemployed for at least 60 days and a
$1,000 tax credit for retaining employees. “I support tax cuts for small businesses, our country’s major engine of jobs growth,” Westmoreland said. “But this bill is just more deficit spending piled on top of deficit spending. This tax credit was tried by President Carter back in the 1970s, and it did nothing to relieve the malaise. “There’s a reason it didn’t work. I’m not convinced that
employers are going to take on a $30,000-a-year permanent
expense in order to get a $1,000, one-time credit. For most
small employers, that math won’t work. “If we’re going to have long-term economic growth and job
creation, we have to remove the uncertainty that U.S. employers
face. They aren’t hoping for a small tax credit that might allow
them to expand; they’re worried about huge tax increases, higher
energy costs and health insurance mandates that will prevent
them from keeping the employees that they have now. The
Democrats continue to push those job-killing measures.” |
