Concurrent Resolution on the Budget for Fiscal Year 2012

Floor Speech

The House in Committee of the Whole House on the State of the Union had under consideration the bill (H. Con. Res. 34) establishing the budget for the United States Government for fiscal year 2012 and setting forth appropriate budgetary levels for fiscal years 2013 through 2021:

* Mr. YOUNG of Indiana. Mr. Chair, the good people of Indiana want jobs. And you know what? We know how to create them. In Indiana, under Gov. Mitch Daniels, we've seen a government that spends less and taxes modestly. And we've seen that lead to job growth. That's why Indiana, during these tough economic times, is a national leader in private sector job growth. The Budget Committee crafted a budget for our Federal Government that, like Indiana, spends less and taxes less. The result is a plan that will help create 2.5 million jobs by the end of this decade. Recent economic history isn't good to the big spenders. It shows that borrowing and spending trillions of taxpayer dollars we don't have doesn't create jobs. And jobs won't be created if we go along with the President's plan, or the plan from the other side of the aisle, to increase taxes. It's no great secret that the job creators in this country aren't hiring because unchecked spending, of course, leads to fears. It leads to fears that we're going to have to raise taxes in the future. It leads to fears of future inflation. And it leads to fears that interest rates are going to go up. By calling for a measure of spending discipline, as we do, we replace fear with hope--hope that we can restore conditions where job creators can go out and put Americans back to work. That's what the people of southern Indiana want. Now, I mentioned Indiana a minute ago and the success we've had there in creating private sector jobs. We didn't do it all with respect to our policies on spending. Instead, we also looked at tax policy. We understood that it just didn't make sense to jack up taxes during a down economy. Instead, we kept them steady, and we made our tax code more efficient--just as some of our neighboring States were doing the opposite. As a result, many businesses chose to move back to Indiana, or to move to Indiana for the first time. We see the reverse trend nationally, unfortunately. Many businesses are leaving this great country, or are not getting off the ground because of our job-destroying tax code and our punitive corporate tax rates. Mr. Chair, we improve upon those previous policies, we learn from the errors of the past. I urge my colleagues to help us create those jobs by voting yes on this House Republican budget.

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