Oct 09 2012
Today, the Department of Labor released its unemployment report for the month of September which showed that our economy gained a net total of 114,000 jobs and the unemployment rate decreased to 7.8 percent. While any sign of job creation is welcomed news, far too many Americans are still looking for work or have stopped trying. President Obama told us that his economic "stimulus" plan would get unemployment down as low as 5.6 percent by now, but instead we have seen almost four years of unemployment above 8 percent.
According to the Bureau of Labor Statistics, the jobs added last month were 36,000 short of the number needed each month just to keep pace with population growth. Additionally, just like the month of August, September’s report showed that 14.7 percent of the labor force is either unemployed or without adequate work. Clearly, the Administration’s tax-and-spend policies aren’t working and have stalled much-needed economic growth.
This month, the U.S. Chamber of Commerce released its Small Business Outlook Study for this quarter. One particularly troubling finding of the survey is that uncertainty in the small business community is growing, and is at its highest level since last year (see chart below). At a time when our nation has experienced such high jobless rates and low business confidence, President Obama and Washington Democrats support tax hikes that are estimated to cost our economy 700,000 jobs. Instead of further eroding small businesses’ confidence through higher taxes, we should focus on policies that encourage job creators to invest and grow.
North Texans, and all Americans, deserve better than the status quo and I believe it’s time for a new path. That is why I support the House Republican Plan for America’s Job Creators, a pro-growth plan to reenergize the free enterprise system. This Congress, the House has passed 39 bipartisan bills that would help get our economy back on track, and I strongly urge the Senate and Administration to join us so we can see real growth and job creation across the country.
Down Syndrome Awareness Month
October is Down Syndrome Awareness Month, an opportunity to spread awareness about this genetic condition. As the proud father of son with Down syndrome, I am committed to being an advocate for the Down syndrome community in the 32nd Congressional District and Congress.
Over the past several months, I have been working with my colleagues in the House and the Congressional Down Syndrome Caucus on the Achieving a Better Life (ABLE) Act, legislation which would amend Section 529 of the Internal Revenue Service Code of 1986 to allow for tax-free savings accounts for individuals with disabilities. I understand the importance of securing a sound financial future for our loved ones with disabilities, and strongly believe that we should allow them to have the same tax-free savings accounts that others do in order to plan for their future. The ABLE Act currently has 226 cosponsors in the House.
In celebration of Down Syndrome Awareness Month, there are several ways to get involved and raise awareness in and around the month of October. One event, sponsored by the Down Syndrome Guild of Dallas, is the “Buddy Walk” on November 4th in Dallas. To learn more, visit http://www.downsyndromedallas.org/.