Today, U.S. Sens. Saxby Chambliss, R-Ga., and Johnny Isakson, R-Ga., cosponsored the Jobs Through Growth Act, a Republican alternative to the president's jobs bill that failed in the Senate earlier this week. The Jobs Through Growth Act reforms the tax code, cuts spending and reins in overregulation to help foster an environment in which the private sector can grow, invest and create jobs in America again.
"We don't need to raise taxes on Americans to stimulate the economy -- we need to reduce corporate taxes, reform the tax code, eliminate burdensome and costly regulations, put a two-year moratorium on additional regulations from Washington, and repeal Obamacare," said Chambliss. "This bill contains the best ideas from Republicans on ways to strengthen our economy, encourage more job creation and greater investment, and begin putting America back on a sustainable fiscal path."
"As someone who ran a company in Georgia with hundreds of employees for three decades, I understand that over-taxing and over-regulating business is a recipe for stifling job growth and economic recovery," said Isakson. "Unlike the President's jobs plan, this alternative bill contains solutions that are based on free-market principles that will empower the private sector, rather than the federal government, to get people back to work and get our country back on track."
The bill, introduced by U.S. Sens. John McCain, R-Ariz., and Rand Paul, R-Ky., includes provisions such as the passage of a Balanced Budget Amendment, and the repeal of Obamacare. A full summary of the legislation is available below: