Pat Toomey Press Conference on President Obama's Visit Jobs and the Economy
There is no more important issue today than the economic recession and the rising unemployment rate. All across the Commonwealth, hard-working Pennsylvanians are struggling to make ends meet and provide for their families.
But the approach taken by politicians in Washington is not working. Government bureaucrats cannot create sustainable jobs. When they try to create jobs by spending taxpayer dollars, they merely take money out of the private sector that would be better spent in the marketplace by the people who earned it.
Worse, the current Congress is favoring policies that actually discourage job growth. Instead of encouraging businesses to hire new employees, Washington is threatening new and heavy costs and burdens on businesses. If these policies are enacted, Pennsylvania businesses won’t be able to hire new employees and may even be forced to lay off workers to survive.
Instead, the government should be making it less expensive and easier for businesses to hire people. It can do this by cutting taxes and decreasing regulation. For example, if we rescind the stimulus and cut both employees’ and employers’ payroll taxes instead, every worker would see an immediate increase in their take home pay and it would be less expensive for businesses to hire new workers. If we eliminated the tax on capital gains and lowered the tax on businesses, it would make U.S. companies more competitive, and lead to major job growth.
Toomey for Senate 484-809-7994 | info@toomeyforsenate.com | 3440 Hamilton BLVD, Allentown, PA 18103.
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