The Obama Administration, "The Single Biggest Impediment to Job Growth"

Floor Speech

By:  Paul Broun
Date: Sept. 14, 2011
Location: Washington, DC

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Mr. BROUN of Georgia. A legendary Georgia businessman recently called the Obama administration ``the single biggest impediment to job growth.''

That same man, Mr. Bernie Marcus, also says the business that he founded would have never succeeded if he were trying to start it today. Home Depot, his Georgia-based company, currently has more than 2,200 stores all across the United States. They support more than 300,000 American jobs, and they generated $68 billion in revenue just last year.

Now, imagine the impact on our country if companies that start out like Home Depot--which started as an individual store--or other small businesses weren't able to flourish. That is what the Obama administration is trying to do to the American Dream today. By creating a huge bill with ObamaCare and a failed stimulus bill and by piling thousands of new government regulations onto the backs of small businesses, it is no wonder that job creators are afraid to expand and hire new people.

And so, after 2 1/2 years of growing the Federal Government and $4.5 trillion in spending later, the Obama administration has given us another proposal of the same old failed policies. Unfortunately, their latest solution to our 9 percent unemployment rate comes with a price tag of almost a half trillion dollars, money that we just simply do not have. So to pay for the American Jobs Act, as I like to call it ``stimulus part II,'' our Democrat leaders want to hike taxes on families and job creators.

We've been down this road before. The stimulus did not work 2 years ago, and it will not work today. Hiking taxes in the middle of a recession will make our economy worse, not better. When will this administration learn that more of the same just simply isn't good enough anymore? Jobs will come when government gets out of the way--by getting rid of ObamaCare, by stopping the reckless spending here in Washington and the threat of higher taxes, and by ending the uncertainty in the marketplace.

Congress needs to pass my jobs bill, which would immediately and permanently lower the corporate tax rate to zero, and it will permanently lower the capital gains tax to zero. This will stimulate our small businesses so that they can do what they do best, grow, expand and to thrive.

In the words of Mr. Marcus, the founder of Home Depot, ``It's time to stand up and fight.''

The free enterprise system has made this country what it is today, and we must have policy that makes it prosper.

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