Portman Unveils Senate Republican Jobs Plan

May 03, 2011

This is a pro-growth, pro-jobs plan that will create the environment necessary to get Americans back to work and ensure that American businesses are competitive globally

WASHINGTON, D.C. – Today, U.S. Senator Rob Portman (R-Ohio) unveiled the Senate Republican Jobs Plan, a blueprint Senate Republicans developed to create private sector growth and strengthen the economy.

“This is a pro-growth, pro-jobs plan that will create the environment necessary to get Americans back to work and ensure that American businesses are competitive globally,” said Portman, who led the GOP conference in the development of the plan after speaking with small business owners, workers, and economic development groups in each of Ohio’s 88 counties.

“Families and small businesses are weighed down by record debt and deficit, high taxes, burdensome regulations, and a costly health care plan that raises costs and reduces coverage.  This approach by Washington adds uncertainty for investors and costs for job creators.  The Senate Republican Jobs Plan puts us on a path to an environment where families and small businesses can succeed, not just get by,” Portman said.

The Senate Republican Jobs Plan focuses on budget, tax, regulatory, workforce, trade, energy, and health care proposals that form the basis of a pro-growth plan to foster American private sector job creation and turn the economy around.

“In contrast to the plan proposed by Senate Republicans, Washington has turned to more government spending, higher taxes, while pushing for overly burdensome regulations on job creators and manufacturers – slowing our economic recovery.  We’ve already learned from experience that we can’t spend our way to prosperity. Instead, we must encourage employers to invest in their companies, hire new workers and enable them to compete globally, which is what the Senate Republican Jobs plan will do,” Portman added.

Senate Republican Jobs Plan

Senate Republican Jobs Plan
An outline for creating American jobs and prosperity
Begin Living Within Our Means
 Require a Balanced Budget Amendment to the Constitution.
 Require a Statutory Spending Limit.
 Cut Spending to Immediately and Substantially Reduce Deficits.
Reform Tax Code To Spur Economic Growth
 Simplify and Reduce Business and Individual Tax Rates.
 Make Research and Development Tax Credit Permanent.
 Extend and Make Permanent the Small Business Investment Tax Incentive.
 Reduce Taxes on Capital Gains and Dividends.
Unburden The Economy From Washington Regulations
 Codify the President’s Proposal to Require Cost Benefit Analysis in the Formulation of
Regulations.
 Support passage of S.299 REINS Act.
 Prohibit EPA from Regulating Greenhouse Gases under the Clean Air Act.
Create Competitive Workforce
 Reform Federal Retraining Programs.
 Stop Card-Check.
Increase Exports To Create More Jobs
 Ratify Three Pending Export-Opening Agreements.
 Provide Trade Promotion Authority for the President.
Power America’s Economy
 Lift the Outer Continental Shelf Prohibitions.
 Increase Federal Loan Guarantee Authority for Nuclear Power.
 Require Greater Access to Federal Lands for Exploration of Resources.
Adopt Common Sense Health Care Solutions
 Repeal ObamaCare.
 Enact Meaningful Medical Malpractice Reform.
 Allow for Purchases of Insurance Across State Lines.
 Provide Additional Risk Pools for Small Business.
 Strengthen Health Savings Accounts and Patient-Centric Health Care