Save Money in this Sunday's paper

For the Record

comments

With president in town, remember what would fix economy

From U.S. Rep. Richard Hudson, a Republican who represents North Carolina’s 8th Congressional District:

With the president square in the middle of another scandal-plagued week, he’s heeding some old political advice: Get outside the bubble and talk to everyday Americans. Our communities will serve as the backdrop as the president arrives today in Mooresville, the third stop on his “Middle Class Jobs & Opportunity Tour.”

While I believe there is no better place than right here in our backyard to see first-hand the need for a thriving middle-class, the president’s recipe for economic growth is missing key ingredients, and his tax-and-spend policies make as much sense as mayonnaise on barbecue.

To empower citizens and create jobs, we must decentralize power and decision-making, and unleash community-generated solutions that don’t involve government intervention and roadblocks. My top priority is to get folks working again and truly revitalize our economy for long-term growth and sustainability.

We should start by reforming one of the most prevalent pieces of the unemployment crisis: over-taxation. Americans spend 7.6 billion hours every year preparing their taxes and are aided by nearly 1.2 million paid tax preparers. This degree of difficulty is unnecessary, particularly for individuals and small businesses, which are often faced with greater complexity and higher rates than their corporate counterparts.

Comprehensive federal tax reform would put $2,000 back in individuals’ and families’ pockets at the end of the year. For small businesses, this would encourage growth. If every small business could afford to hire one new employee, unemployment would drop to 5 percent. Broader, fairer and flatter tax rates would increase hiring, relieve the burdensome process of filing taxes, and put a few extra hard-earned dollars back in people’s pockets.

Second, we need to embrace an all-of-the-above domestic energy policy. This would create new jobs, generate new tax revenue and reduce dependence on unfriendly sources. Approving construction of the Keystone XL pipeline will create at least 20,000 new U.S. jobs with the potential to create 100,000 more jobs. It’s a mystery as to how the president could block its passage.

Third, we must repeal Obamacare. By encouraging competition among insurance companies across state lines, offering grants for states to set up high-risk insurance pools, and helping the uninsured population purchase insurance by creating tax credits, we will lower the cost of health care, improve access and keep people in the workplace.

Finally, we must invest in our future workforce. We can empower future leaders by providing better public education and school choice. Excellence in education should be a right of every child. We need a North Carolina in which your child goes to the school of your choice, with highly paid educators who teach not what is handed down from a bureaucrat in Washington, but what best meets the needs of the people right here in our communities.

The president’s visit is an attempt to make you believe his ideas are fresh, but after four years, it’s clear the ingredients are stale and the recipe has failed. It’s time to take new ideas to Washington that empower our citizens, protect our freedoms and embrace our entrepreneurial spirit.

Hide Comments

This affects comments on all stories.

Cancel OK

The Charlotte Observer welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views.

Have a news tip? You can send it to a local news editor; email local@charlotteobserver.com to send us your tip - or - consider joining the Public Insight Network and become a source for The Charlotte Observer.

  Read more



Hide Comments

This affects comments on all stories.

Cancel OK

The Charlotte Observer welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views.

Have a news tip? You can send it to a local news editor; email local@charlotteobserver.com to send us your tip - or - consider joining the Public Insight Network and become a source for The Charlotte Observer.

  Read more


Quick Job Search
Salary Databases
Your 2 Cents
Share your opinion with our Partners
Learn More