Nearly two-thirds of Americans say that job creation should be Washington’s top priority. Yet the new majority in the House has spent months on phony debates that are more about gaining political advantage than about helping our economy.
The good news is that, even as Washington has taken its eye off the ball, manufacturers have shown a path toward an economic renewal. Although U.S. manufacturing was in decline during the run-up to the Great Recession, it has bounced back noticeably. Last year alone, manufacturers added 152,000 new jobs, and the sector has now seen 21 straight months of growth. Let’s not write any obituaries for manufacturing in our country or our state.
On Tuesday, I toured MICRO Stamping Corporation in Somerset, which employs about 250 New Jerseyans.
This month, I am visiting manufacturers across central New Jersey. These companies employ our neighbors in the manufacture of a wide range of products: everything from medical devices to specialty inks.
My hope is to hear ideas for concrete, actionable steps that Congress can take to build upon the recent resurgence in manufacturing and put more Americans back to work: things like supporting new infrastructure investment, closing tax loopholes for outsourcers, expanding science education, and providing businesses with incentives for new hiring. I hope you’ll share your ideas, too, either by sending an e-mail at holt.house.gov or calling me at 1-87-RUSH-HOLT.
America’s middle class was founded on the strength of our manufacturers. It’s time to rebuild that foundation and renew our manufacturing sector.Sincerely,
Member of Congress
Category Archives: tax loopholes
WASHINGTON – In this week’s address, President Obama called on both parties to work together to find a balanced approach to solving our nation’s deficit problem. The President emphasized the importance of compromise and shared sacrifice so that we can overcome our fiscal challenges and move our country forward. To get our fiscal house in order, we must cut spending, but we must also close tax loopholes for special interests and ask the wealthiest Americans to pay their fair share. Through cooperation and a bipartisan approach, we can get our economy on firmer ground and give our businesses the confidence they need to create more jobs across the United States.
>WASHINGTON- In this week’s address, President Obama spoke to the American people about reducing the nation’s deficit and creating jobs across the country. The President emphasized the need for Government to live within its means— just as families do—in order to put the nation on a fiscally sustainable path which is critical to long-term economic growth and job creation. To solve the deficit problem, Democrats and Republicans must make tough choices and look at every tax loophole and program for opportunities to save money. President Obama stressed the importance of trimming the budget while also making critical investments in education, research, and technology to spur job growth and invest in our future. As families and friends join together to celebrate Independence Day, the President reminded Americans that since our founding, we have overcome challenges by coming together to solve our nation’s problems.
>The President lays out his agenda to foster investment here at home. He vows to close the tax loopholes for sending jobs and profits overseas that Congressional Republicans have tried to protect.