Rand Paul and other Senators Unveil Jobs Through Growth ActSubmitted by bobbyw24 on Thu, 10/13/2011 - 16:28
Sens. Paul, Portman, McCain and McConnell offer Republican plan to create millions of American jobs
Oct 13, 2011
WASHINGTON, D.C. - Sen. Rand Paul today unveiled a Republican jobs plan with Sens. John McCain (Ariz.) and Rob Portman (Ohio) and Senate Republican Leader Mitch McConnell (Ky.).
The Republican jobs plan takes a different approach, trying to remove the government-imposed obstacles to job creation this Administration has imposed. Click HERE for an in-depth outline of the Jobs Through Growth Act.
The Jobs Through Growth Act begins with tax reform, producing a plan that will lower both the corporate tax rate and the top income tax rate to 25 percent. It will simplify the codes, eliminate subsidies and close loopholes, and the result will be a simpler, fairer and better tax system for individuals, small business, and corporations.
It includes a moratorium on new regulations, and also a new process for Congressional approval of regulations through the REINS Act (Regulations from the Executive in Need of Scrutiny). The plan repeals burdensome regulations like greenhouse gas emissions and farm dust requirements. It has been estimated that overregulation costs business in excess of a trillion dollars per year to comply. These dollars and efforts should instead be focused on increased competitiveness and job creation.