White House to Taxpayers: Sorry About All This, But We Need You to Send Us More Money
Posted by Michael Ricci on September 29, 2011 http://www.speaker.gov/blog/?postid=262327
Bank of America today announced it will soon charge customers a monthly fee for using a debit card to make household purchases, a move geared towards preparing for “
new federal rules” in the
Dodd-Frank bill. This is another example of how the job-crushing policies coming out of Washington are taking money from the pockets of cash-strapped families and small businesses. Here are two others:
- Higher Health Care Premiums. According to newly released national survey, health care premiums in the workplace have jumped by a “whopping” 9 percent in the year following enactment of President Obama’s government takeover of health care. For the typical family, this amounts to an increase of more than $1,200. This is a far cry from the $2,500 decrease in premiums the president promised his plan would bring – a $3,700 swing, to be exact.
- Higher Gas Prices. Average gas prices have risen by nearly 93 percent since the president took office, according to AAA data. Unfortunately, Washington has consistently blocked American energy production that would lower costs and create jobs. As gas prices rise, so does the cost of everyday life. Higher fuel prices force food suppliers to charge restaurants and grocery stores more, costs that are inevitably passed on to customers. Small businesses are also hit hard. “The price of gas was putting me out of business,” the owner of a Kansas transportation company said recently.
Higher costs from regulations is also a major concern right now, as evidenced by the Bank of America story. The Obama Administration currently has
4,257 rules and regulations in the works, of which at least 219 will have an economic impact of $100 million or more –
an increase of nearly 15 percent over last year. There are, of course, good regulations that protect our kids and our environment, but there are also excessive regulations that increase costs for consumers and small businesses. It’s these unnecessary regulations that hurt job creation and lead to higher prices for American families. In Speaker Boehner’s home state of Ohio, there are roughly 845 regulations in the pipeline that would affect small businesses – an
11.5 percent jump since 2009.
Federal mandates are “forcing many area school districts to raise hot lunch prices” in Michigan, a state suffering from 10.9 percent unemployment. Similar examples
abound.
Americans are paying more for health care, more for gas, more for food, and more to stay in business – largely on account of the Obama Administration – and now it wants taxpayers to send more of their hard-earned money to Washington. “The economy is stalled, and it’s been stalled, and it’s not because the American people have lost their way,” Speaker Boehner
said recently. “It’s because their government has let them down.” Making job-crushing tax hikes the centerpiece of a jobs plan further proves this point.
There’s a better way, and it starts with
responsible, long-term solutions to address cost-of-living concerns and remove government barriers to job creation. This is the focus of Republicans’
Plan for America’s Job Creators, the
dozen or so jobs bills the House has passed, and
areas of common ground that House GOP leaders have identified. Learn more at
jobs.gop.gov.
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