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Issue Position: Job Creation - Economy

Issue Position

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Date:
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Washington doesn't understand what it takes to create jobs and help local businesses succeed in tough times. We all know government doesn't create jobs, small businesses do. As the backbone of the economy, we need to support small businesses in order to get the country back on track.

Even in a tight economy, there are jobs available that require highly specialized training but do not demand a college education, such as welders, nurses, mechanics, laboratory technicians and fire fighters. I have been working hard to provide funding for community college programs that offer career, technical and vocational training that help students compete in the worldwide economy and those laid off due to the recession get back to work.

I get it, Washington doesn't. It's time to put partisanship aside and get things done.

HERE'S HOW I'M HELPING WESTERN WISCONSIN GET BACK TO WORK

Protecting Jobs Security - We need to ensure that the good-paying jobs of today are here tomorrow. That's why I have been fighting to close the irresponsible tax loophole that rewards corporations for outsourcing hundreds of thousands of good-paying American jobs overseas.

Supporting Small Business - I voted for the Small Business and Infrastructure Jobs Tax Act of 2010 in order to better support small businesses and create new jobs. This act would improve the terms of Small Business Administration loan guarantees; increase the start-up deduction for small business start-up expenditures; extend the ability for small businesses to receive reduced taxes on gains on small business stock; and eliminate an unfair tax penalty negatively impacting small businesses.

Unlocking Small Business Credit - Small businesses create two thirds of all new jobs today. But still, business owners are stuggling. They tell me that their number one challenge right now is accessing the tight credit markets. This is why I have supported The Small Business Financing and Investment Act which helps open tight credit markets that have shut out small business owners during the economic crisis. In addition, I voted for the Small Business Jobs and Credit Act which expands much-needed lending to small businesses and offers tax incentives to help America's small businesses grow. This bill will help give small businesses the capital they need to put Wisconsinites back to work and drive job creation and innovation.

Lowering Health Care Costs - Many small businesses and family farmers are not able to afford health care coverage for their families or their employees. This is why I've helped pass reform that will give small businesses access to quality insurance options and provide tax credits to help make the coverage affordable. Lowering health care costs for families and businesses alike is one of the most important things we can do to ensure they succeed.

Providing for a Secure Future - Currently, many small businesses do not offer a 401(k) or similar retirement savings plan because of the complexity, cost, and liability of sponsorship. In response to this problem, I wrote and introduced the Small Businesses Add Value for Employees (SAVE) Act, which would improve existing SIMPLE IRA and SIMPLE 401(k) retirement plans to make it easier for small businesses to offer savings plans to their employees.


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