Washington, D.C. ,
Jan 24, 2012
Congressman Bob Latta (R-Bowling Green) issued the following statement after President Obama’s State of the Union address, which marks the 1000th day since the Democrat-controlled Senate passed a budget.
ON THE ECONOMY
“In order for President Obama’s proposals to work and turn around the economy we can’t repeat the last three years. The President needs to end our debt problem by supporting initiatives that reduce spending, as well as enacting comprehensive budget and tax reforms that help shrink government. Otherwise, we can anticipate credit rating downgrades and fiscal instability that damages the already-vulnerable economic security of hardworking taxpayers, seniors and the poor.”
“Tonight, we heard many different tax and funding proposals to boost jobs, however, a better approach to high-paying jobs is to have fundamental tax reform. Creating a tax system that lowers rates, simplifies the tax code and isn’t eroded with loopholes. Plain and simple, to level the playing field we can’t have government pick winners and losers through creative tax structures.
“Additionally, President Obama must support private sector led investments, like the $7 billion Keystone XL pipeline, which would create 20,000 good paying jobs - not government funded experiments, like Solyndra that cost taxpayers $535 million dollars and led to 1,100 Americans losing their jobs."
“After 35 consecutive months of unemployment at or above eight percent, President Obama needs to realize that government-led initiatives will not bring back hiring by small businesses. The private sector must lead the way. This can only happen if the President works together with Congress in removing burdensome regulations that hurt businesses. We must mimic what we did in April, when House Republicans worked with Democrats and the President on repealing Obamacare's 1099 IRS filing requirement on businesses.”
ON ENERGY SECURITY
“I welcome the President's statements on expanding domestic drilling, but it must be accompanied by a reasonable regulatory structure that allows states like Ohio to maximize the job creation potential of their natural resources while ensuring the protection of human health and the environment."