As a small-business owner, I know there are some common sense principles of successful businesses that Congress could work toward to get results and grow our economy again. First, don’t spend more than you’re taking in. Government must tighten its belt just like our families had to. Second, do what you need to do to create an atmosphere for success. For government, that means creating an atmosphere for success through tax and regulatory environments, and a cooperative, not adversarial, attitude with those who create jobs. Finally, don’t expect miracles. Change requires hard work, self-sacrifice, and tough decisions.
In order to provide an environment that will help create jobs and spur economic development, Congress must provide relief from the massive amount of red tape that is imposed on the private sector. At every level of government, job creators and families are seeing more burdens placed on them, burdens that stifle job creation, economic growth and family security.
Real job creation must come through a better private sector climate. This includes eliminating the death tax, improving business expensing and reducing the corporate tax rate. In addition, we must repeal the provisions in the new health care law that place burdensome and costly mandates on small business, such as the expansion of 1099 reporting. I was proud to vote to repeal this provision included in the health care law, which will save businesses from having to report to the IRS every expenditure over $600 - a huge and unnecessary burden that would take up valuable time and resources that could go into expanding their business in other ways - including creating new jobs.
We must also work to provide tax relief that gives entrepreneurs and family-owned businesses the opportunity to grow and create jobs.
Only through these types of common sense pro-growth policies will we unleash the potential of American businesses, investors, and entrepreneurs.
Over the past few days we have witnessed another attack in London as well as in Paris. Racial and religious violence has to stop. While the most recent demonstrations of violence have played out in Europe, we have seen similar events come to pass here in the United States. As a community, as a nation, and as people, we must come together to reject these actions and all forms of radicalization.
Last week, a U.S. Government Accountability Office (GAO) report detailed that the federal government wasted $136 billion dollars in 2015 and the number is projected to be even higher in 2016! Congress and the Trump Administration need to work together to identify and eliminate this waste immediately!