Charleston Regional Business Journal - Scott: Less Government Equals More Jobs

News Article

By Matt Tomsic

U.S. Rep. Tim Scott told a roomful of manufacturers Tuesday evening that the government needs to get out of the way to let the private sector create jobs.

Scott, R-S.C., proposed reducing the corporate tax rate, limiting federal regulators and allowing repatriation of profits. He said those three measures would create American jobs.

He spoke during the annual meeting and dinner of the Lowcountry Manufacturers Council at Trident Technical College. About 400 people attended.

Scott said government should lower the corporate tax rate from 35% to somewhere in the 20s and eliminate regulations. Scott criticized the National Labor Relations Board, Food and Drug Administration and Environmental Protection Agency for "meddling" in the private sector.

Specifically, he cited the NLRB case against the Boeing Co. for opening a final assembly and delivery plant in North Charleston for its 787 Dreamliner.

"We're going to sue America's greatest and largest exporter at a time when our president says we need to double our exports," Scott said.

He asked the audience whether it noticed the gridlock in Washington. Scott said a philosophical disconnect about how jobs are created is driving the gridlock.

"The fact is that the philosophical challenge we have in the nation starts with the concept on one side that simply says that the federal government creates jobs," Scott said, adding that the other side believes the private sector creates jobs.

Scott said the job creators are not in Washington but were at the manufacturers council's meeting.

"The government doesn't create jobs," Scott said, adding that government needs to get out of the way. "And when we move out of the way, good things actually happen. We need certainty; we need predictability."

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