U.S. Rep. Charlie Dent (PA-15) issued the following statement on the Bureau of Labor Statistics' (BLS) November Employment Report:
"Despite hopes for more encouraging figures, the Bureau of Labor Statistics' (BLS) latest jobs report has revealed the unemployment rate in the United States increased slightly in November. Reaching a 7 month high, the unemployment rate climbed to 9.8 percent last month. This figure is another sobering reminder Congress has failed to promote an economic environment that supports growth, investment and innovation.
Yesterday, the House passed legislation that will pave the way for dramatic tax increases on American families and countless small businesses in 2011. Rather than considering misguided economic policies like this, Congress must support job creators by extending the current tax rates, established in 2001 and 2003. Preventing tax increases from taking effect in the New Year will allow small businesses to devote greater resources to job creation and capital improvements.
It is my hope the Senate will pass legislation that extends existing tax rates before the end of the year. Without taking action, our economic recovery will languish and the nation's unemployment rate will remain precariously high."