In this week’s address, President Obama called on Democrats and Republicans to work together to grow the economy and get Americans back to work. The President has outlined a number of steps Congress can take right now to spur growth and create jobs, including extending tax cuts for working and middle class families, cutting red tape to encourage new businesses to grow and hire, passing trade deals that will support tens of thousands of jobs, and giving our out-of-work construction workers opportunities to rebuild our nation’s infrastructure.
We need Democrats and Republicans to work together to help grow this economy. We’ve got to put politics aside to get some things done. That’s what the American people expect of us. And there are a number of steps that Congress can take right away, when they return in September.
We need to extend tax cuts for working and middle class families so you have more money in your paychecks next year. That would help millions of people to make ends meet. And that extra money for expenses means businesses will have more customers, and will be in a better position to hire.
Yesterday, I proposed a new tax credit for companies that hire veterans who are looking for work after serving their country. We’ve got a lot of honorable and skilled people returning from Iraq and Afghanistan, and companies that could benefit from their abilities. Let’s put them together.
We need to make sure that millions of workers who are still pounding the pavement looking for jobs are not denied unemployment benefits to carry them through hard times.
We’ve got to cut the red tape that stops too many inventors and entrepreneurs from quickly turning new ideas into thriving businesses – which holds back our whole economy.