It’s the economy, stupid. In the 2012 elections, little else will be discussed. And for more than a year, Senator Bob Casey has barely deviated from an all-economy message. This week Casey and Senator Kristen Gillibrand (D-NY) introduced the Small Business Job Creation Tax Credit Act (SBCTC).
The SBCTC Act creates creates a one-year, quarterly payroll tax credit for small businesses which will give them an incentive to hire new workers, increase the hours of workers whose hours were cut and restore employees’ wages who were cut during difficult economic times.
Casey believes the legislation would help grow the economy.
“We have taken important strides toward an economic recovery, but far too many Americans remain unemployed or underemployed,” he said. “This legislation would help businesses hire workers, the most effective way to quicken the recovery and return prosperity to our communities that have suffered through the recession.”
Casey’s assertion is supported by studies conducted by the nonpartisan Congressional Budget Office and the Economic Policy Institute. One economist even projects it could create approximately 700,000 jobs in a short period of time.
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5 Responses
What lists are you reading, The O’Meighan? Sen. Casey has positive poll numbers, a solid war chest at $3.1 million, and ostensibly no opponent. The only person running on the Republican side has never held elective office, is tied to an unpopular former Senator, and has struggled to raise less than $22,000 over 6 months.
If that’s your definition of “vulnerable” then I don’t think there’s a safe seat in the country.
And your irrational vilification of ACORN is laughable. Do you really have a problem with organizations that encourage poor people to take active roles in bettering their communities? Scandalous, I know!
What Bobby does not understand is that small business, which he claims to support, is not going to hire employees while the obama government assaults small business with Obamacare, Card Check, stacking the deck for the unions at the National Labor Relations Board, trying to tell Boeing where to build a manufacturing facility to keep those union dues dollars rolling in, and many Project Labor Agreements (which favor unions) for federal construction. Casey supports all of these pro-union, pro big-government measures despite the fact that unions are less than 20% of the work force in this country. If you discount government employees, it’s more like 12%.
Casey has taken the Big “O”‘s place as the most liberal Senator. He is the biggest empty suit since Joe Biden, and was one of only 3 members of the Senate to vote against de-funding ACORN. He is a disgrace, and that is why he is the ONLY Senator listed among the 10 most vulnerable in 2012 – who does not even have a Republican opponent – yet. What a disappointment to the Casey name!
In Chapter 19 of his 1817 classic On the Principles of Political Economy, and Taxation, David Ricardo cautioned that in addition to war, removal of capital and tax changes were destroyers of comparative advantage.
Since the mid-1990s U.S. Administrations have been unresponsive to special causes that: have the effect of a new tax on U.S exports, namely currency manipulation; major changes that tax U.S. exports, i.e., value-added taxes (VATs) enacted by our trading partners and tax-cuts for multinational corporations that caused the flight of capital from the United States. These special causes have adversely affected the U.S. trade deficit, which has created a leak-in-the-dike making both supply-side and demand-side stimulus grossly ineffective. The one idea that could solve most of the problem is a balance trade model, similar to that proposed by Warren Buffett in 2003. Imagine the years squanders.
ATR – Puppet Master of a Deficit Shell Game
A recent editorial by Americans for Tax Reform (ATR) in USA TODAY titled Opposing view: Just say no to higher taxes speak volumes regarding the Obama administration’s misjudgment with the Fiscal Commission. Demands for the Commission arose from the 2008 book/movie I.O.U.S.A. which highlighted the following four deficits: Leadership, trade, savings and budget; the first three being the most middle class relevant and root causes of the budget deficit. The limited scope of the Commission to only the, tip of the iceberg, budget deficit; subsequently, further limited to a spending only focus demanded ATR’s pledge signers (not permitted to negotiate in good faith) defies common senses by allowing ATR to be the Puppet Master of a deficit shell game.