Garrett: Obama Finally Acknowledges Cutting Taxes Works

Statement

Rep. Scott Garrett (R-NJ) released the following statement in response to the Obama Administration's latest jobs proposal:

"The only bright spot in President Obama's latest jobs plan is that his Administration finally acknowledges that lowering the tax burden on businesses is the most effective way to reduce our nation's unemployment. It's a shame they didn't come to this realization before spending $787 billion of taxpayer dollars on a stimulus program that failed to create jobs, leading to 10% national unemployment.

"Unfortunately, while this temporary wage subsidy may create a spike in employment, Americans need permanent relief through sustained growth. When the Carter Administration tried this approach in the "70s, employment increased 1.5% temporarily before experiencing a significant crash. Americans need permanent jobs and certain futures. In order to create a stable environment that will lead to lasting economic recovery, we must stop government intervention in the marketplace and reduce uncertainty for businesses.

"I introduced legislation last January to provide real economic stimulus to Americans. My legislation, The Economic Recovery and Middle-Class Tax Relief Act, places emphasis on America's small business and middle class and is a much-needed jumpstart to our nation's economy. I invite the president to join us in passing an economic package that actually works to stimulate our economy long-term. Protecting and securing America's jobs is the taxpayer-friendly approach to accomplishing this."

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