House Republican Study Committee introduces new jobs plan
From the folks who brought you “Cut, Cap and Balance” comes a plan to create jobs by growing the economy — not the government. The Republican Study Committee this morning unveiled the Jobs Through Growth Act, a bill that incorporates tax reform, regulatory rollback and boosts to energy production. The legislation builds upon the past work of House Republicans, packaging “the best of the best” into one neat program.And then.....
Among other things, the bill creates a new optional tax system, in which taxpayers pay just two rates: 15 percent on the first $50,000 of income for single filers or the first $100,000 of income for joint filers and 25 percent on all income above that. The system also includes generous deductions for dependents and eliminates the marriage penalty. No matter what — even if no taxpayers were to opt in to the new system — the bill eliminates the Alternative Minimum Tax and caps the tax rate on investment income at 15 percent. Jobs Through Growth also lowers the corporate tax rate to 25 percent and eliminates the Death Tax.
Obama: God wants people back at work
Urging Congress again to pass a portion of his jobs bill, President Obama claimed Wednesday that God is on his side.
Mr. Obama was standing at the D.C. side of the Key Bridge, calling attention to America’s crumbling infrastructure and the need to put more construction workers back on the job. He criticized House Republicans for ignoring his legislation while approving a measure that reaffirms “In God We Trust” as the national motto.
“That’s not putting people back to work,” Mr. Obama said. “I trust in God, but God wants to see us help ourselves by putting people back to work.
Read both articles, and you'll see that Obama loses. Hands down.
