Create Good Paying Jobs Here in Iowa
The most important task at hand for Congress is creating good paying jobs. With high levels of unemployment across the district, particularly in the southeastern tier of Iowa, we need to do everything possible to get businesses growing again. That cannot be achieved when Washington is sending strong signals that job creators will be subject to higher taxes and more regulation.
Congressman Dave Loebsack has voted to spend hundreds of billions of dollars bailing out Wall Street and auto companies, spent a trillion-dollars on a so-called stimulus bill that has failed to create private-sector jobs (but has left a mountain of debt to our kids and grandkids), and even voted for a cap-and-tax bill that will force energy rates to skyrocket for Iowa families, increase the cost of doing business and ultimately send jobs overseas.
The growing uncertainty over looming tax increases, increased regulations, ballooning deficits, and a big-spending federal government are forcing many businesses to hold back at the worst possible time.
Government needs to get out of the way, cut taxes and regulations, and allow the private-sector to get to work on creating jobs. We need to cut wasteful government spending, institute tax reform that is simple and flat, enact a balanced budget amendment to the Constitution, and reduce debt to ensure our exceptional past secures an extraordinary future.
As an eye doctor who ran a business, met a budget and dealt first hand with the financial and regulatory burdens placed on job creators, I know the best economic stimulus is putting more money in the pockets of families and businesses.
To get our economy moving again, I will:
* Support a payroll tax holiday which would provide an immediate and direct increase to worker's paychecks and will boost our local economy by stimulating demand
* Support the extension of the 2001 and 2003 tax cuts, particularly related to business and lower income brackets which expire at the end of 2010.
* Support important R&D tax credits and allowance for the depreciation for capital expenditures to motivate businesses to purchase new equipment.
* Support reducing the second highest-in-the-world corporate income tax rate. Cutting the tax rate from 35% to 20% will unleash a tidal wave of new economic activity, resulting in millions of new good paying jobs and fantastic technological innovations that put us on a strong path to a brighter economic future.
* Support tax incentives for businesses that create jobs here in the US, instead of jobs overseas in countries like China.
* Oppose job-killing cap-and-tax legislation