
Republicans Focusing on Cutting Spending to Help End Some of the Uncertainty Facing Job Creators
To save taxpayers another $8 billion the House voted to begin shutting down the TARP bailout program. The White House defending the indefensible status quo threatened to veto the bill.
House Republicans will host a forum this week for American employers to share their ideas for growing the economy and creating new private sector jobs.
At a hearing on lifting the crushing burden of debt" economists told the House Budget Committee that cutting spending is a pro-growth policy…"
Bloomberg Resurgent Republic Gallup News and others have all found the American people want spending cuts to create a better environment for job growth. Republicans are listening.
But Washington Democrats are circling the wagons leaning on their special interest allies (and army of lobbyists") to protect the job-crushing spending binge Americans want stopped.
Democrats Divided Scrambling Unwilling to Put Forward a Serious Plan that Cuts Spending
Republicans are united with the American people on cutting spending to promote private-sector job creation (and have already taken action) but Democrats remain as divided as ever.
For example the House-passed H.R.1 received more votes in the Democrat-run Senate than the status quo proposal put forward by Democratic leaders and the president.
Rank-and-file Democrats said the spending cuts put forward by their leaders are too timid."
Just one day after President Obama said he was prepared to do more" to cut spending his political operation sent an e-mail imploring liberal allies to oppose GOP-backed spending cuts.
Sen. Dick Durbin (D-IL) drew a line in sand" and said Democrats have already been pushed to the limit" on spending cuts. But just two weeks ago Senate Majority Leader Harry Reid (D-NV) said we should stop drawing lines in the sand."
Democrats keep repeating the debunked claim that theyve already put forward specific spending cuts that meet congressional Republicans halfway" they havent.
In fact Senator Charles Schumer (D-NY) offered his solution for tackling the deficit: more taxes. He called raising taxes a popular thing to do."
Also Happening
While a positive step the Obama Administrations reversal on the prosecution of terrorist suspects held at Guantanamo Bay raises more questions than answers. For example: what is the plan for prosecuting 9/11 mastermind Khalid Sheikh Mohammed?
WATCH: A new video by the House Oversight Committee on bipartisan legislation to save the landmark DC school choice program for low-income students.
The new House majority moved one step closer to reversing a
government takeover of the Internet that would stifle private-sector job creation and undermine entrepreneurship.
As always we appreciate your interest in the new House majority and its American Energy Initiative and encourage you to stay connected with the Office of the Speaker on Facebook Twitter and on Speaker.gov.