Our current unemployment rate is at 10% and in this District, it is at 12%. The hardest hit is in the African-American community. The Bills and Policies of this Administration has our Small Businesses waiting to see what will happen in Washington before they start hiring again.
The impact of Health Care, Cap and Trade, or the forthcoming EPA regulations on “carbon emissions” will each negatively and dramatically impact our small businesses bottom line costs. Either they are going to be forced to raise prices, cut expenses or both. More jobs are going to be shed if these bills are enacted into law and prices will rise dramatically for goods and services. Energy prices, to quote the President, “will necessarily skyrocket”.
Our small businesses and what remaining industry we have will be impacted with much higher tax burdens that again, will shed more jobs and increase prices. When you factor in the falling dollar on overseas markets, imported goods are going to cost more as well and the taxation of “overseas profits” will make fewer and fewer goods flow into this nation, impacting the jobs of those who depend on trade; dock workers, truckers, shipping companies, and many others.
Excessive and duplicate local, State, and Federal regulations prohibit expansion of those businesses who need and desire to do so. Many of these businesses have dedicated, “Compliance” Departments to fulfill the myriad of regulations and hoops they must jump through every day just to operate legally. Government mandates on business has caused many of them to either close their doors or move their operations overseas to more friendlier places to do business, each causing losses of jobs and economic growth at home.
Expansion of regulatory agencies have created nightmares for our business and industries as well as created a fourth, uncontrolled, branch of government. These bureaucrats are without restrictions and create the actual regulations from laws Congress writes. The EPA ruling on CO2 is but one example of an agency overstepping the boundaries and preparing to write regulations for it’s control. There is no provision of the EPA act that allows this, however, this Administration is signaling further expansion of regulatory controls that exceeds Congress’ desire when writing the laws. These bureaucrats are unelected and only answer to the President. This defeats the “checks and balances” written into our Constitution.
Mike will work to strictly define the authority of each agency of our government and to re-write the laws that restricts the ability of agencies to “create law” by fiat authority. He will work to restrict the President’s ability to make definitions outside the scope of an agencies design in order to gain regulatory authority. He will work to assure that regulatory mandates of HOW to comply with the law are not within the scope of our agencies, only the enforcement of those laws. This restores the “checks and balances” of our Constitution.
Mike will work to promote economic growth of our small businesses with tax reforms. Unless we as a nation become the leader in low business taxes, our industries will continue to leave our shores. Jobs are created by creating wealth and that comes ONLY by growing it, extracting it from the ground as raw materials, or manufacturing those raw materials into goods for people to buy. The periods of greatest economic growth and high wages have always occurred when industrial output has been at it’s peak. We export more, consume more, and create a strong middle class as well as create opportunities for more business and industries. Each of these contribute to a growing and strong economy and creation of good paying, highly demanded jobs.
Mike’s Grandfather used to tell him that “nothing happens until something is sold” and unless we are making things in America to sell, no service type jobs are going to be created. Service jobs do not create real, appreciable wealth without the agricultural, raw material, and manufacturing industries to support them. Mike will promote the regulatory and tax environment that will bring jobs to anyone who desires one, and promote a tax system that makes investment in American industry desirable once again.
