House Republicans recognize that the engine of job creation in America is small business, not government. That’s why two weeks ago, House Republicans sent President Obama and Speaker Pelosi a letter outlining six better solutions to create jobs:
- Allow small businesses to take a tax deduction equal to 20 percent of their income.
- Let small businesses join together to purchase health insurance for their workers the way large businesses and labor unions do.
- Enact genuine legal reform and policies that incentivize wellness to reduce health care costs for small businesses.
- Lower taxes for all taxpayers by reducing the current 15 percent rate to 10 percent and reducing the current 10 percent rate to 5 percent.
- Expand health savings accounts (HSAs) to provide additional flexibility to small businesses in providing health care to their employees.
- Increase the net operating loss carry back from 2 to 5 years to provide struggling employers with additional resources to keep their doors open.
Speaker Pelosi’s $1 trillion “stimulus” clearly isn’t working - and Democrats’ plans to tax entrepreneurs isn’t encouraging small businesses to create jobs. Government is by definition a bureaucratic and wasteful institution - it doesn’t possess the innovation and risk taking that exists in the private sector, which, when unleashed to its fullest potential, results in expanding businesses and new job creation.
Wednesday, October 21, 2009
The importance of small business in job growth
A great post about small business job creation over at the GOP Leader blog by Kevin Boland. Read it here, but first, here's a small part of the original post: