Well, which is better – more jobless benefits or businesses actually creating new jobs?
This question comes to mind given what’s going on in our nation’s capital. On April 14, the Associated Press, for example, reported: “A measure to restore eligibility for the jobless to receive up to 99 weeks of unemployment checks appears on track despite objections from Republicans concerned about its $18 billion cost. Democrats are also seeking to extend those benefits through Memorial Day instead of risking another cutoff in just three weeks.”
Meanwhile, congressional leaders have been pushing and will continue to push an anti-growth, anti-jobs agenda. That agenda features ObamaCare, which will raise taxes and health care costs; an energy agenda focused on hiking the costs of fossil-fuel supplied energy; a tax agenda focused on increasing taxes for entrepreneurs, small businesses and investors; and a spending agenda that threatens still more tax increases, including the possibility of imposing a VAT.
Raise the costs of starting up, operating and expanding businesses, of investing in entrepreneurial ventures, and of creating jobs, while extending payments for joblessness. This is an agenda for economic failure, not economy opportunity.
Raymond J. Keating
Chief Economist
Small Business & Entrepreneurship Council
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