Today, the unemployment rate jumped to 10.2 percent, the highest level in 26 years. Rather than working with Republicans to fix the economy and create more jobs, Democrats have focused on a partisan agenda: massive spending increases, more government control, job-destroying taxes, and a government takeover of health care.
"Stimulus": In February, the Democrats passed the $1 trillion "stimulus" legislation, which Democrats promised would produce 3 to 4 million jobs-90 percent of which would be new private jobs-and keep unemployment below 8 percent. Since then, the country has lost nearly three million jobs and more than half of the "saved and created" jobs reported by the White House were government jobs that already existed.
Democrat Budget: The Democrat budget contained over $1.5 trillion in crushing tax increases over the next 10 years. These huge tax hikes on families, small businesses, and workers will slow economic growth and cost jobs.
National Energy Tax: House Democrats passed a national energy tax as part of the "cap and tax" legislation, which would drive up the cost of energy and impose thousands of dollars in new taxes on every individual, family, and business in the country. According to one study, 2.3 to 2.7 million jobs would be lost per year for the next twenty years as a result of the energy tax.
Pelosi Health Care Bill: Speaker Pelosi's government takeover of health care would kill jobs by imposing $729.5 billion in higher taxes on a struggling economy, including $135 billion in taxes on businesses who cannot afford to finance their workers' health coverage and taxes on individuals without insurance. A model developed by chief Obama advisor Christina Romer indicates that as many as 5.5 million jobs could be lost from the bill's new taxes.
Republicans Seek to Create jobs
Stimulus: Republicans proposed an alternative job-creation plan to the Democrat's massive and ineffective "stimulus" bill. According to Romer's model, the Republican plan would have created 6.2 million jobs over the next two years-twice the forecast jobs, at half the cost of the Democrats' bill, over the next two years.
Energy: Republicans introduced the American Energy Act, an all-of-the-above solution that creates jobs, increases energy independence, and leads to a cleaner environment for our nation.
Health Care Reform: Republicans recently introduced an alternative health care reform measure that would lower the cost of health care for struggling families by up to 10 percent over the next ten years, without imposing crushing taxes on individuals or job creators.
Today's report further highlights the Democrats' failure to address the most important issue in the country. While the President and Congressional Democrats turn their backs on staggering levels of unemployment, Republicans will continue to offer solutions to create jobs and get Americans back to work.