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Cantor Statement on National Unemployment Report

Statement

By:
Date:
Location: Washington, DC

Congressman Eric Cantor (VA-07) today issued the following statement after the Bureau of Labor Statistics issued its national unemployment report for July:

"Today's disappointing jobs report falls short of where we need to be. The policies originating from this White House are creating an environment of uncertainty and fear for business people and employees, preventing investment and hiring. Job creators, small business people and investors simply don't know what misguided policy is going to come next and worse, face one of the largest tax increases in American history. Higher taxes, burdensome government regulations, and unprecedented government mandates are a significant threat to any employer trying to decide whether they can afford to hire workers and grow.

"On January 1, one of two things will happen: taxes will increase or taxes will stay the same as they are today. Economists, entrepreneurs and small business owners know that raising taxes during tough economic times, while millions of people remain out of work is nonsensical. If the goal is to get people working again, President Obama and the Democrat Congress shouldn't make it harder for families and small businesses who are already struggling.

"In Virginia the implementation of conservative fiscal policies and encouragement of economic investment has made our state one of the best places in America for business. The Commonwealth continues to serve as a model for the rest of the country to create an environment for more promising job growth. Meanwhile, this Administration's failed policies have caused the size and reach of the government to explode. What the President touts as the 'Recovery Summer' is built upon the misguided notion that government expansion creates prosperity, when in reality it creates debt and deficits. We need to cut spending immediately and House Republicans, whom have already offered hundreds of billions of dollars in spending cuts, will continue to fight against the Democrats' spending spree and for enabling small business people to invest and grow so that we can get America working again."


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