Getting our Economy Back on Track

Op-Ed

Straight Talk With Sam

Getting our Economy Back on Track

With out of control gas pricing hurting our economy, it is more important than ever to help families make ends meet and small businesses keep their doors open. We need to make it easier for families and small businesses by lowering taxes, reducing burdensome regulations, and ending frivolous litigation.

Missourians are not overtaxed, but you would not know that if you look at the actions of Congressional Leadership. In this Congress alone, House Leadership has pushed for tax increases on small business, energy production, married couples, and families with children. At this rate, they are going to run out of people to foot the bill for their out-of-control spending.

This is the wrong thing to be doing at a time when our economy is struggling. By keeping taxes low we make it easier for families to save for retirement, their children's college education or pursue the dream of home-ownership. By keeping taxes low on small businesses we encourage investment in our economy, promote entrepreneurship, and help create jobs.

We also need to make it easier for small businesses to stay in business and that means cutting excessive red tape and federal bureaucracy. Excessive regulations cost American businesses an estimated $1.1 trillion a year, making it more expensive for small businesses to do business. We need to cut the red tape. Our small businesses need an environment where they are creating jobs, not more federally required paperwork.

Lastly, frivolous lawsuits are making it more expensive for small businesses to operate. We need to end the jackpot justice mentality of the trial lawyers. We need to stop abusive and frivolous lawsuits that drive up costs for small businesses.

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