Jobs and Economy
At a time when Americans are facing economic uncertainty, the last thing our country needs is additional taxes, spending and regulation. It has been more than 6 years since the start of the Great Recession, but many families are still on the road to recovery.
It’s true Michigan has made a drastic resurgence under the leadership of Governor Rick Snyder. At the end of his first term, our unemployment rate was the lowest it had been since 2002. Today, more than 95,000 jobs are ready to be filled. Families are settling down roots. New businesses are flocking here, and autos are reinvesting again. Michigan has been projected to make a ‘faster comeback than the nation as a whole over a four-year span.’
But the fact remains: our work is not done. Many Americans continue to find it difficult to make ends meet. Graduates are struggling to pay off their burdensome student loans. Families are seeing the cost of their medical care skyrocket as a result of President Obama's flawed health care law. Unfortunately, the Administration’s solution is to spend more, tax more, and strangle our economy with more red tape.
Washington’s regulatory road blocks continually drain taxpayer’s hard-earned wages and stand in the way of opportunity and growth. Today, Americans face $3+ trillion burden from federal taxation and regulation; in fact, our federal regulatory burden is larger than the 2013 GDP of all but the top ten countries in the world. I am working with my colleagues on both sides of the aisle to advance open, bottom-up solutions to build a healthy economy. We must grow an economy that harbors opportunity. Tomorrow’s good-paying jobs will come from the freedom to innovate from the ground up – from our local communities, not Washington.
More on Jobs and Economy
WASHINGTON – Congressman Mike Bishop, Michigan’s Republican member of the House Ways and Means Committee, appeared on “Countdown to the Closing Bell” with Liz Claman on Fox Business Network today to talk about the latest tax reform developments. Watch the full interview here or read the transcript below.