Tuesday, July 20, 2010

Westmoreland: Government Overreach Keeps Economy, Jobs in Tank

Representative Demands Democrats End Business-Killing Policies

U.S. Rep. Lynn Westmoreland demanded President Barack Obama and his Democrat majorities in Congress end the spending and tax policies that have put the brakes on private-sector job creation, especially among Georgia’s small businesses. Today’s release of new state unemployment numbers – Georgia’s jobless rate remained at an astonishing 10% last month – supports Westmoreland’s call for a fiscally-conservative approach to the economy.

“Freeing small businesses from the burdens placed on them by Washington is needed before we’ll really start adding jobs in the private sector,” said Westmoreland. “We have to get credit flowing and end all these tax increases and new mandates that keep these businesses from expanding and adding to their payrolls.”

Job recovery may take up to a decade if we continue at the current pace, according to one report from the House of Representatives – causing this economic recovery to take two years longer than the recovery following the Great Depression.

“Democrats in Washington have put so many restrictions on businesses and have hurt working families with new taxes and more debt to shoulder that I don’t see how we can take much more before we get to the breaking point. It’s no wonder the job recovery is so slow,” added Westmoreland.

One idea Westmoreland would like to see implemented immediately is an extension of current tax cuts that are set to expire at the end of this year. However, Democrats have resisted those tax-cutting efforts. As a result, Americans are facing a $3.8 trillion tax increase this coming January that will affect everyone who pays income taxes.

“Democrats have tried to torch our economy in the last 18 months, but they aren’t finished yet. We have to put a stop to everything that’s wrong in Washington before we’ll see real job growth,” concluded Westmoreland.

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