The most urgent and critical issue we face is growing our economy and jumpstarting job creation. Throughout our local community, and our nation as a whole, we have seen too many of our citizens struggling to find work. It is time for the federal government to get out of the way of small business owners, startup companies, and entrepreneurs all around country so that we can finally get our economy back on track.
As a business owner, I know what it takes to make payroll, balance a budget, and plan for the future. Families and business all across the country are forced to live within their means and it is time for our federal government to do the same.
The first step towards a strong economic recovery that will provide more good-paying jobs for Americans is to finally get our fiscal house in order. Our country currently has over $16 trillion in debt and we are borrowing and spending at an alarming rate.
Secondly, our small businesses are overregulated. An estimate from the Small Business Administration indicates that the cost of all government regulations to our economy comes out to $1.75 trillion per year. We need a comprehensive review of federal regulations and I will work to repeal those that are unnecessary and are blocking job growth.
In addition, the United States currently has one of the highest corporate tax rates in the world. In the age of globalization, our country ranks only seventh in competitiveness. I support cutting our corporate tax rate and keeping all other taxes as low as possible too.
There are many commonsense steps we can take right away to improve economic conditions in the United States and help put people back to work. Job creation must continue to be our number one priority and I will fight on behalf of American companies and entrepreneurs.