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Boehner: JEC Study Shows Spending Cuts
Support Job Growth
Congressman Boehner Urges Obama Economic Team to Review New JEC Study
Showing Spending Cuts Support Job Growth - Mar 15, 2011
Washington-Congressman John Boehner (R-West Chester) today called
attention to the release of a new study by Joint Economic Committee
(JEC) Republicans that shows cutting government spending significantly
will support private-sector job creation, and called on the members of
President Obama’s economic team to read the study.
“To help our economy get back to creating jobs, we need to reduce
uncertainty for small businesses in America, and that cannot happen
until we reverse the spending binge that has been going on in
Washington. As this new study shows, the spending binge in
Washington has hurt job creation – and cutting spending will reduce
uncertainty and encourage businesses to make investments that create
jobs.
“The Joint Committee on Taxation last year produced a
widely-reported study that showed failing to stop all of the tax hikes
that were scheduled for January 1, 2011 would result in a job-crushing
tax increase on 50 percent of the small business income in
America. Months later, President Obama and his team changed their
approach and worked with Republicans on an agreement that stopped all
of the tax hikes. I believe this new report by the Joint Economic
Committee may have a similar impact on the jobs debate in Washington,
and I urge the president and his entire economic team to review it.
“I commend Chairman Brady and the staff of the Joint Economic
Committee for their excellent work on this important study, and join
Leader Cantor, Whip McCarthy, Chairman Hensarling, and Chief Deputy
Whip Roskam in urging legislators on both sides of the aisle to
consider its significant findings.”
NOTE: In recent weeks, some of America’s top economic leaders,
including Stanford University economics professor John B. Taylor and
former Federal Reserve Board Chairman Alan Greenspan, have released
analyses indicating that excessive government intervention in the
economy has been contributing to sluggish job creation. Last
month, Speaker Boehner released a statement signed by 150 American
economists urging President Obama and his economic team to abandon
their emphasis on “stimulus” spending policies and work in a bipartisan
fashion to make immediate and substantial cuts in government spending
to help reduce uncertainty for private-sector job creators.
Read it with links at John Boehner House.gov
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