Setting up a clash with President Obama, House Republicans have unveiled a proposal to create jobs by cutting taxes and easing business regulations. House Majority Leader Eric Cantor spelled out a list of 10 "job-killing regulations" he wants to do away with to "lift the cloud of uncertainty hanging over small and large employers alike, empowering them to hire more workers." President Obama is preparing a post-Labor Day announcement of his own jobs plan, which is expected to be centered on new stimulus spending. Would the GOP plan succeed in lowering the stubbornly high unemployment rate?
Yes. Helping businesses is the only way to create jobs: Obama tried to put people to work with "exorbitant infrastructure spending," says Mark Dougherty at Red State Virginia. His initiative failed because "private enterprise creates jobs and prosperity" — the government doesn't. Washington's role is to "foster favorable economic conditions" by reducing taxes and unnecessary rules and environmental regulations, then step out of the way to let companies operate freely.
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