Young Jobseekers Hit Hard by the Obama Economy

Four years after being promised hope and change, young Americans are feeling the real effects of the Obama Economy. In a nutshell: half of new college graduates are jobless or underemployed and young adults are living with their parents at the highest rate since 1950.

Why? Because the policies pursued by Democrats over the last few years have bred the weakest recovery since the Great Depression. Labor force participation is much lower than in a healthy economy. Overbearing red tape continues to pile up against job-creating sectors, especially energy. Our business tax rate is now the highest in the developed world.

Small businesses must still brace for the prospect of fully-implemented ObamaCare, which will make hiring and growing a business even more complicated, expensive, and risky. And experts of all political stripes admit the massive tax increases set to hit every single American in January 2013 would be disastrous for jobs.

Instead of facing and dealing with their record, liberals are latching onto one distraction after another in a desperate attempt to talk about anything other than the economy. For the latest and silliest, see the recent campaign debate about who did what to which dog.

Conservatives in the House of Representatives have pushed for tax reform so simple you could file on a postcard. We know our economy needs more energy production, repeal of ObamaCare, less wasteful government spending, and a timeout on red tape. Unless Senate Democrats and the Obama administration get on board, it will remain a hard road ahead for jobseekers young and old.

God Bless,

Congressman Jim Jordan

Chairman, Republican Study Committee

 

RSC Media Activity – RSC members work hard to ensure that the conservative viewpoint is well-represented in all corners of the media. Visit our Media Center for more.

·         Rep. Lynn Jenkins (KS-02): Reform Tax Code; The Topeka Capital-Journal, April 16.

·         Rep. David Schweikert (AZ-05): Washington’s Financial Illiteracy Has Driven the Country’s $15 Trillion Debt; The Hill, April 16.

·         Rep. Jeb Hensarling (TX-05): Rep. Hensarling Talks on CNN about President Obama’s So-Called “Buffet Rule”; CNN, April 17.

·         Rep. Jeff Duncan (SC-03): Plugging into American Energy; Washington Times, April 18.

·         Rep. Peter Roskam (IL-06): It’s Time To Codify the Free File Program; The Daily Caller, April 18.

·         Rep. Eric Cantor (VA-07): Tax Cut Goes to the Heart of Job Creation; Richmond Times-Dispatch, April 18.

·         Rep. Mike Turner (OH-03): Rep. Turner Talks on Fox News about the Lavish Gift Bags for the GSA's Las Vegas Party; Fox News, April 19.

·         Rep. Ed Royce (CA-40): A Key Bill for Small Business Growth, Job Creation; FlashReport, April 20.

·         Rep. Bob Gibbs (OH-18): We Shouldn't Pass Up Opportunity to Help Small Businesses; Zanesville Times Recorder, April 23.

·         Rep. Sam Graves (MO-06): Give Small Businesses Access to the Capital They Need; Fox News, April 23.

 

RSC Member Activity – RSC members make it a priority to introduce productive, conservative solutions for America’s future.

·         Rep. Scott Tipton (CO-03) introduced H.R. 4370, legislation which will create efficiency in the federal grants process, save billions of tax dollars each year from going to duplicative federal grants, and prevent the federal government in some instances from essentially paying twice for the same product or service.

·         Rep. John Fleming (LA-4) reintroduced H. Res. 615, legislation he first drafted in 2009 to urge Members of Congress to use the same health care that they require for the American people.

·         Rep. Mike Pompeo (KS-04) introduced H.R. 4387, to give states time to comply with emissions reduction standards set forth by the Environmental Protection Agency (EPA) in the Cross State Air Pollution Rule (CSAPR).

·         Rep. Dennis Ross (FL-12) introduced H.R. 4377, legislation which will create jobs by streamlining the federal permitting process and providing a balanced approach that allows enough time for environmental review but also gives job creators enough certainty to put their capital on the line and create jobs.

·         Rep. Paul Gosar (AZ-01) introduced H.R. 4403, legislation which suspends the onerous and outdated wage requirements of the Davis-Bacon Act, saving the American taxpayer billions of dollars and allowing contractors to put more people to work.

·         Reps. Sue Myrick (NC-09) & James Lankford (OK-05) introduced H. Res. 623, legislation to change House and Senate rules to ensure members of Congress are informed of all existing federal programs before creating new ones.

·         Rep. Todd Rokita (IN-4) introduced H.R. 4385, legislation which will amend the National Labor Relations Act to reform the collective bargaining process and allow employers to give merit-based bonuses, raises, or other increases to an individual employee above the level set by the employee’s union contract.

·         Rep. Doug Lamborn (CO-05) introduced H.R. 4386, legislation which could save billions of taxpayer dollars and bring greater transparency to disaster relief funding.

·         Rep. Bill Posey (FL-15) introduced H.R. 4401, legislation which allows for private sector investment in the Department of Defense for space transportation in an effort to modernize America’s defense capabilities, promote America’s commercial space industry and help America regain the loss of commercial launches.

 

House Floor Activity – The following key legislation came through the House of Representatives recently.

·         On April 17, the House approved H.R. 4089, the Sportsmen’s Heritage Act of 2012, which clarifies federal authorities and policies for the management of hunting and fishing on public lands.

·         On April 18, the House approved H.R. 4348, the Surface Transportation Extension Act of 2012, Part II, which extends federal highway programs for an additional 90 days through September 30, 2012 and approve the entire Keystone XL pipeline.

·         On April 19, the House approved H.R. 9, the Small Business Tax Cut Act, which allows small businesses with less than 500 employees to take a tax deduction equal to 20% of their active business income.

 

Outlook – A quick look at what’s on the horizon.

·         On Monday, President Obama visited the United States Holocaust Memorial Museum to give remarks commemorating the Holocaust and be introduced by Nobel Peace Prize laureate and Holocaust survivor Elie Wiesel.

·         On Tuesday, Connecticut, Delaware, New York, Pennsylvania and Rhode Island will hold their presidential primaries.

·         Sometime this week, the House could vote to go to Conference Committee with the Senate on the transportation bill.

·         This Thursday and Friday, the House will debate and vote on four cybersecurity bills.

·         This Friday, the Commerce Department releases the first quarter economic numbers.

·         This Saturday is the 98th annual White House Correspondents' Association Dinner.

 

RSC Reports

·         Looking for one of our recently released charts and graphs? Click here.

·         RSC Staff recently compiled news stories and op-eds about the Ex-Im Bank.

·         RSC Staff recently published two documents on taxes: an abbreviated list of tax changes set to occur automatically and a quick reference guide for tax facts.

·         Stay up to date on budget and spending news with reports from the RSC Budget and Spending Task Force.

·         Check out the RSC Sunset Caucus’ work to shrink the size of government and the Repeal Task Force’s work to eliminate bad laws and regulations.

·         House rules now require sponsors of legislation to provide a Constitutional Authority Statement that explains how Congress has the constitutionally-derived authority to enact their proposals. Click here to see liberals’ highly questionable attempts.

·         Read the RSC Money Monitor to track how bills passed by the House affect budget authorizations, mandatory spending, and federal government revenue.