Creating Jobs Should Be Top Priority
Mr. BUCHANAN. Mr. Speaker, creating jobs and getting America back to work should be Congress' top priority. Unemployment nears 10 percent nationally and even higher in my district. We need to keep our efforts focused on the economy.
Today, there's a report the White House is looking for tax credits for companies that create new jobs. I fully support the incentive and think the American people would as well. According to The New York Times, the Federal Government tried this approach in 1977, 1978. During that period, employment climbed at a record pace. An economic review study suggested in 1970 that the policy was responsible for creating 700,000 jobs of the 2.1 million jobs created during that period.
I look forward to working with my colleagues on this important issue.