Thursday, July 12, 2012
Republican political priorities - scoring political point or creating jobs?
You'd figure that with Congressional approval ratings fluctuating around the mid-teens, and more people holding Republicans at fault than Democrats (which fare only a little better) for the paralyzing polarization in Congress, creating jobs would be the top priority. But the GOP seems to be more concerned about scoring political points than helping people score a job.
I came across a blog posting highlighting a new proposal by Senate Democrats that looks very promising. The blog, VeracityStew.com, has a story on the Small Business Jobs and Tax Relief Act that according to some estimates "could generate almost a million jobs nationwide, with over 630 thousand jobs for small businesses alone,..."
One of the main features of the bill is a 10% tax break for either raising wages for current employees or hiring new ones. Another is extending the 100% depreciation deduction. This appears to be a good proposal, so why not work with Democrats to pass some meaningful job growth legislation?
If Republicans want to win the public perception war with Democrats, it would be in their best interest to start voting on legislation that either helps create the right economic conditions for job growth, or helping people land a good paying job.
Image found at: http://futurepredictions.com/wp-content/uploads/2011/09/depression-unemployment-line1.jpg