What should the federal government do to stimulate job creation and economic development?
The very first thing the Congress should do is pass an actual budget, which has not happened in over 3 years. Without a budget agreement, the appropriations process is totally out of control, leading to years of trillion dollar deficits, and projections of trillions more. Reforming the tax code should be the very next step, streamlining the current unwieldy system.
We have to get the federal budget under control and on a sustainable path. Every day we wait adds $11.4 billion to our debt, prolongs the economic slowdown, delays the creation of millions of private-sector jobs, and risks the credit rating of the federal government. We need a bipartisan and bicameral solution that puts everything on the table; tax reform, defense spending, domestic spending and entitlements.
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