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Floor Speech

Date: April 17, 2012
Location: Washington, DC
Issues: Business and Consumers Employment and Affirmative Action

Ms. FOXX. Mr. Speaker, the March employment report continues to show us that the Federal Government has not been helping to create jobs in our economy. A Wall Street Journal editorial from April 9 highlighted a few examples from the report. Here is one extremely startling statistic:

The labor force participation rate--or the share of civilian population that is working--dropped again to 63.8 percent. In March, 2009, a month after the $800 billion stimulus passed Congress, the labor participation rate was nearly 2 percentage points higher, at 65.6 percent.

This is a prime example that continuously throwing money of hardworking taxpayers that the Federal Government takes from them at the problem will not solve it. We need real solutions that will stimulate our proven economic engine: small businesses. That's why I support the Small Business Tax Cut Act that will help 22 million hardworking small businesses retain and create more jobs.


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