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GOP Leader: The biggest problem that we heard from our economists with regard to why employers arent hiring is all the job-killing policies that are being offered by this Administration and this Congress.

Washington, Dec 3 -

WASHINGTON, DC Shortly after wrapping up todays Where Are The Jobs? economic roundtable, House Republican Leader John Boehner (R-OH) was joined by leading economists to discuss how Democrats job-killing policies are making matters worse for struggling families trying to find work and make ends meet. Following are excerpts from their remarks:

House Republican Leader John Boehner (R-OH):

Its been our pleasure to meet with a group of noted economists to talk about our economy, where it is today, the problems its facing and potential solutions to help get people back to work. Its no secret that unemployment is now over 10 percent and three million Americans have lost their jobs this year alone. And the biggest problem that we heard from our economists with regard to why employers arent hiring is all the job-killing policies that are being offered by this Administration and this Congress and creating an awful lot of uncertainty for American employers.

Doug Holtz-Eakin, President of DHE Consulting, On The Impact of Unsustainable Debt:
I think the underlying theme of everything the Administration and the Democrats are pursuing right now leads to greater national debt. We know that the Congressional Budget Office looked at the Administrations plans and it says that over the next 10 years we will triple our national debt. We will arrive 10 years from now with an economy that has presumably recovered, with a financial crisis that is only a memory, with revenues that are above their historic levels, but nevertheless the federal government will be running a trillion-dollar deficit, nearly $800 billion of which is necessary simply to pay debt on previous borrowing. In the end, job creation in the United States is something that small businesses, entrepreneurs and the private sector will do. But they cannot do it if they are burdened by a legacy of debt and the prospect of higher taxes to pay off that debt. And that is the most troubling aspect of the policies this administration is pursuing.

Diana Furchtgott-Roth, Senior Fellow at the Hudson Institute, On The Impact of Job-Killing Tax Increases:
Whats really discouraging to me is the extent to which congressional bills, potential legislation in front of us would raise taxes on our most productive small businesses. The top tax rate is scheduled to go up to 39.6 percent on January 1, 2011. Under the House health care bill, it would go up to 45 percent, plus there would be an eight percent payroll tax on employers who dont provide the right kind of health insurance, a catastrophic health insurance program, where the health savings account does not make the grade, so you get an eight percent tax. Plus, theres the cap-and-trade legislation that would raise taxes on all forms of energy. Now, if youre a small business, you wouldnt think about hiring under these circumstances, if you dont know what your tax rates going to be. In all these, theres tax revenue taken from the private sector, taken from small businesses. That is also a transfer, where people cant spend that money themselves. So that diminishes all the economic activity throughout the entire economy. And these kinds of things, of course, discourage job creation. And that needs to be fixed now. There needs to be certainty taxes will not rise so businesses have certainty and they know that they can proceed with confidence to hire more workers.

Kevin Hassett, Senior Fellow and Director of Economic Policy Studies at the American Enterprise Institute, On The Poorly-Designed Trillion-Dollar Stimulus:
The President is having a jobs summit today because the stimulus package didnt work. The stimulus package didnt work because it was so incompetently designed. To put it in perspective, the Administration claims that theyve created about 640,000 with the stimulus package. That amounts to $1.2 million per job. If instead of doing the Administrations stimulus package, we had just hired people, given them jobs and paid them the average wage in the United States, then we would have created 21 million jobs. Wheres the multiplier? Ill tell you where the multiplier is. The multiplier is lurking in the background, waiting for sound and prudent policy. I can guarantee you that such policy is not going to be created by the team that give you the previous stimulus bill, the team thats meeting at the White House today.

Duration : 0:6:57

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