The House GOP plan for job growth – 16 bills await Senate action
Sixteen pieces of legislation. All of them passed by the US House of Representatives and waiting for action in the Democrat-controlled Senate. All of them associated with economic and job growth here in the United States.
Every one of them await action by the Democrats and Sen. Harry Reid (D-Nev.). So when someone claims the Republicans don’t have a jobs plan – when they clearly do have a plan – why not take a few minutes for a teachable moment? Maybe you have not heard about these sixteen pieces of legislation because the mainstream liberal-loving media don’t want you to know about them and all you watch is the mainstream liberal-loving media?
The sixteen pieces of legislation includes a budget, which the Senate has refused to even think about in years.
As mentioned by Anybody but Obama in the comments section of this post, here is the link to the House GOP Jobs Tracker.
With my back-of-the-napkin calculator here, I figure the top 1 percent of wage earners have an adjusted gross income of more than $500,000. That’s the line in the sand, make $500k or more and you’re in the top 1 percent. You know, the one-percenters targeted by the 99-percenters.
About 723,000 individuals and families filed tax returns for the 2009 year who had earnings of more than $500k. They contributed $258 billion, or 29.7 percent of the total income tax collected. Their final federal tax rate averages 28.6 percent, almost one-third of their income to the federal government.
How much more do you want the 1 percent to contribute? It’s a serious question, and if you think they are not paying enough, I encourage you to come up with a number and do the math.
Let’s say we increase the income tax burden by 10 percent. I’m not talking about increasing the marginal tax rate by 10 percent for the highest bracket, I’m talking about a increase totaling 10 percent of what they paid in 2009, from 28.6 percent to 38.6 percent
If that plan were to happen – using 2009 numbers – that would be an additional $91 billion headed to the federal treasury. I’m not sure if that would satisfy the Camp Alinsky Crowd, but I do know it’s a socialist’s dream to get this type of increase.
If we’re spending $3.5 trillion – a conservative estimate just at the federal level – that’s about $13.8 billion every business day. With that extra cash, the federal government would be able to operate two business weeks.
In reality, there is no way in hell you’re going to get an extra 10 percent out of the 1 percent crowd, no friggin’ way. I really think the best estimate would be to increase the marginal rate on the highest income bracket from 35 percent to 38 percent. Maybe those numbers would quiet the protestors … but I doubt it, they want it all.
That 3 percent increase in the marginal rate would bring in an extra $19 billion per year, not enough to operate the federal government for two business days.
For every dime the federal government brings in (in total), they have been spending 13.5 cents. We have a spending problem people, and those fortunate to be burdened with a 35 percent top marginal tax bracket don’t have as much money as you think. Even if we did collect that $19 billion, do you realize the federal government’s growth has been about $175 billion each year for the past couple of years? And they are claiming they are cutting spending!
Thank you, Steve.
Let’s hope this puts to rest the lie that the Republicans have not put forth any jobs plans. (But I doubt it.)
It seems obvious to me that the Republicans in the Senate are unable to convince the Democrats that the 16 pieces of legislation should be passed. Does the Republican House like the President’s plan? Answer: NO.? So nothing gets done.
The ball is in Harry Reid’s court, but he doesn’t want to play.
But to listen to the Democrats, and ?bama in particular, you would think there were NO pieces of legislation by the Republicans.?
So nothing gets done, particularly with Reid’s stonewalling.
Three point solution:
1. Defeat all big government, big spending incumbents.
2. Cut spending.
3. Flat tax.
P.V.,? Number 4.? Spend it if you got it.? Don’t got it?? Can’t spend it.
I get the feeling that the OWS crowd thinks of the “1%” as Scrooge McDucks, swimming in the money filling their money bins every night (http://www.lindsaybrothers.com/blog/the-call-of-the-wild/scrooge-mcduck/ ).? That’s what you get when taught a comic book version of economics.
Come on people! You telling me that there is no Repub who can sway those pussycats in the Dem party (in the Senate no less) to come play in the Repub sand box? No power of persuasion in McConnell? McCain? Rand Paul?
You DO know what cats do in sandboxes, don’t you?
They’ve been doing that to us since 1860.
Sammy, the bills are there debate them then vote on them. If they don’t pass fine if they do pass fine. I say zero and Reid are afraid they will pass and the republicans would get the credit for bringing the economy back from the brink.? The economy does good and your retirement portfolio gets back to where it belongs why are you defending your president?his policies are?keeping you down.
And on the flip side, Reid would never want to pass a piece of republican job legislation.? Keep jamming it up & refusing to vote on it and the republicans have no victories going into the 2012 election.? And of course the media will not report that Reid wouldn’t bring any of these 16 pieces of legislation up for a vote.? These idiots make me sick…they’re supposed to be working for US.? Ha…now, that’s funny.
They simply can’t afford to have a Republican sponsored bill pass, and “worse”, actually work!
Now who is holding up the economy of the U.S. for political gain (what Republicans are constantly accused of doing)??
Did you look at it? It’s not a jobs plan…it’s the same old same old Bush agenda…what’s the definition of insanity?
Deregulation, get rid of EPA, corporate tax cuts…everything that led to the 2008 collapse.
Yes, they are all job plans, and all of Obama’s plans are killing job growth. If you think government regulation and legislation creates jobs – I think you’re flat out wrong. They kill jobs. I want nothing from the federal government other than what they are obliged to do via their contract with the people – the US Constitution, Article 1, Section 8. That’s it.
In no way am I saying that legislation is what I want, but for Obama to completely ignore GOP efforts to “fix” the economy just because the name of the legislation does not include the words “jobs bill” is completely pathetic and obviously politically driven.
I though crystal was talking about ?bama’s “jobs” bill!
“all of Obama?s plans are killing job growth.”
The R’s refused to bring it up for discussion-filibustered, don’t understand what you are saying.
But, that’s not politically driven? Who wants the status quo as far as unemployment? Who would benefit from that, Hmmm? America be damned…we want him to fail, #1 priority!
So what do you call what Reid is doing?? ?bama seems to have adapted quite nicely to the economic malaise he has created, and is actually linking up with OWS!
?bama has already failed: we don’t want him to drag the country down anymore.
There was plenty of regulation years ago and jobs were created. Saying that regulation “kills jobs” is a big stretch. As for hoping that Article 1, Section 8 will fix the problems the US has, the verdict has already been out: it has no traction. Hence, it’s another way to avoid facing up to the realities of the situation.
Similarly, saying that increasing regulations will create jobs is equally (if not more) a stretch.? It is like saying that if my taxes increase, I will spend more money (that sounds familiar!).? The regulations of years ago culminated in a stagnant economy and an expanding welfare state typified by the likes of Carter and decades of Democrat rule.? ?bama is pulling hard to drag us back there.
On this subject I will not budge. President Obama and his Merry Men, have regulated, stifled and stymied the “Rich”? so much, there are no longer any rich who will take the risk to grow their businesses or spend their money buying goods.? Dodd and Franks never listened and never saw the failure of their dear friends at Freddie Mac and Fannie Mae, while Dodd got his sweetheart deal.? Then they wrote and passed a bill that further emasculated? businesses by making it impossible for any small business to borrow any money from local banks, or for decent hard-working people to remortgage with the lower rates.
Ergo, there is no money to give to the “poor”, because he has increased the ranks of the poor.
Hey Dims, who said that increasing regulations will create jobs? Why just go back to Pres. Carter? Think big and go back to Teddy Roosevelt or FDR. And Lynn, in case you have to noticed, the “Rich” are getting richer by the? minute, in spite of all the burdens that, the poor dears, suffer. Better yet under the 9-9-9 plan Mr. Buffet would pay no income tax on the $64M he’s making per year at this time.
The current crop of pols in this administration.? FDR extended the Great Depression just as ?bama is extending the Great Recession.? What’s your point?
But the point is JOBS, The rich are not hiring or starting new businesses, they are holding on to their money. I said, “there are no longer any rich who will take the risk to grow their businesses or spend their money to buy goods.? It is a full sentence. There are no jobs, we are not talking about whether the rich get richer, we are talking about creating jobs for the middle class and lower middle and poor to have and the GOP have written 16 bills. 9 % unemployment and rising daily and for blacks 16 %, Bush was criticized for 5% and Obama was going to solve this, can you dig it?
Lynn, the “Rich” are getting richer without having to create those jobs that you believe they would if there was less regulation, less uncertainty etc. etc. Why would they even consider growing businesses if they can do better simply by getting lower taxes? The job creation “method” trumpeted on this blog is a myth. They are altruistic???
The rich also get richer by saying “forget this mess” and moving their business offshore.? Where are the jobs then?