Tags: Barack Obama | Economic- Crisis | Editor's Pick | Jordan | Democrats | Republicans | economy

Rep. Jordan: Democrats' Blaming GOP for Economic Mess Is 'Laughable'

By    |   Wednesday, 31 August 2011 12:01 PM

Rep. Jim Jordan tells Newsmax that Democrats’ attempt to blame the nation’s economic woes on Republicans’ refusal to raise taxes would be “laughable, if it wasn’t so serious.”

The Ohio lawmaker, chairman of the House Republican Study Committee, also says the GOP will continue to push for the “cut, cap and balance” plan to aid the economy, and will seek to reform the tax code and rein in “ridiculous” government regulations.

In an exclusive interview with Newsmax.TV, Jordan was asked about President Barack Obama’s plan to curtail hundreds of federal regulations.

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“Any step in that direction is good, but we’ve got to get after the regulations that are really an impediment to job growth,” says Jordan, who was first elected in 2006, and is a member of the House Committee on the Budget.

“There’s a cloud of uncertainty that hangs over business owners right now relative to what new regulations are coming. And the big regulation that’s coming that everyone’s uncertain about is healthcare. So until we repeal that, you have this uncertainty out there.”

Democrats killed Republicans’ “cut, cap, and balance” plan to reduce the nation’s debt, but Republicans will continue to promote the plan “because it makes sense,” Jordan declares.

“Cutting spending, capping it going forward as a percentage of our economy, and then really focusing in on the game-changer long-term, which is a balanced budget amendment to the United States Constitution, is actually what will solve the problems.

“That’s why the American people, as evidenced by a CNN poll during the middle of the debate, said they supported it. Sixty-six percent of Americans say this cut, cap, and balance thing makes sense. So we’re going to continue to push forward.

“But cut, cap, balance, and grow is what we need. You need a growth element, which is why we need to rein in these ridiculous regulations and reform the tax code.”

Regarding GOP efforts to restrict the federal government’s ability to regulate oil and gas drilling, Jordan tells Newsmax: “You cannot be the leading economy in the world if you don’t have a ready supply of energy at affordable cost, and the federal government’s making it much more difficult with regulations and how they implement the permitting process.

“That’s hurting us. So certainly we want to allow access to energy. We want to make sure the permitting process makes sense and is not an impediment to getting the energy we need to grow our economy.”

Asked if conservatives are seeking to do away with some Environmental Protection Agency regulations, Jordan responds: “The ones that are impediments to job growth, we certainly are.

“Everyone wants a clean environment, a safe environment. So this idea that somehow Republicans aren’t for protecting the environment is just ridiculous. Of course everyone wants to protect the environment, but we want to do it in a sensible way and in a way that grows our economy.”

Jordan says Obama’s goal of raising taxes on Americans earning more than $200,000 a year is “all wrong. What we need is tax policy that’s simpler. The code should be smaller, the rates should be flatter. We need a policy that actually encourages job creation, encourages entrepreneurs and investors to do the things that help grow an economy, and raising taxes is certainly the absolute wrong thing to do.

“Americans want fairness. They don’t like the idea that approximately 47 percent of the population doesn’t currently pay income tax, and they don’t like the idea that in the second quarter General Electric didn’t pay any income tax at all. They understand that’s patently unfair, a system like that. They want a system that applies uniformly but lowers the rates, lowers the tax burden, and is conducive to job growth.”

Sen. Chuck Schumer and other Democrats accuse Republicans of putting politics ahead of the nation’s economic recovery. Jordan comments: “These are the same people who spent us into this record level of deficits the last three years, record levels of debt, and now they want to say somehow we’re at fault because we’re not for raising taxes on job creators. That would be laughable if it wasn’t so serious.

“They’re the ones who had the stimulus package that didn’t work. They’re the ones who did all this out-of-control spending. Now they’re saying we want you to raise taxes and raise the debt ceiling to pay for all the spending that you were against and the American people were against. It makes absolutely no sense.”

Former House Speaker Newt Gingrich has said the so-called “supercommittee” charged with devising a deficit-reduction plan is “about as dumb an idea as Washington has come up with in my lifetime.”

Jordan says: “I think he made a good point in the debate a few weeks ago where he said the supercommittee is supposed to be the U.S. Congress. That’s constitutional. We’re the ones who are supposed to decide these things. So I have some real concerns with this committee.

“What I am nervous about, if you look at the Democrats who are on there, they are going to want tax increases, and that’s just the wrong thing we need for our economy right now.”

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Rep. Jim Jordan tells Newsmax that Democrats attempt to blame the nation s economic woes on Republicans refusal to raise taxes would be laughable, if it wasn t so serious. The Ohio lawmaker, chairman of the House Republican Study Committee, also says the GOP will...
Wednesday, 31 August 2011 12:01 PM
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