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
Congressman Mike Bishop (MI-08) talked about H.R. 2315, to simplify the state income tax code, in an effort to help workers save and businesses grow.
Every year, unelected bureaucrats create thousands of onerous rules that have the full effect of a law – without any input from the people they’ll impact. Bishop talks about a bill that will improve oversight and transparency.
Congressman Bishop had the opportunity to speak at the House Small Business Committee about simplifying state income tax laws with his Mobile Workforce State Income Tax Simplification Act, H.R. 2315. It has strong bipartisan support from more than 130 members of the House.
Rep. Bishop questions about the Department of Labor's proposed overtime rule.