economic recovery act 3020

THE HIGHLANDS TEA PARTYTHE HIGHLANDS TEA PARTY Sebring, FloridaSebring, Florida

http://thehighlandsteaparty.com/http://thehighlandsteaparty.com/

Congressman Jim Congressman Jim Jordan Economic Jordan Economic

Recovery ActRecovery Act

Economic Recovery Through Private Economic Recovery Through Private Sector GrowthSector Growth

The American economy lost over 7 The American economy lost over 7 million jobs, and the American people million jobs, and the American people are more than 4 trillion dollars deeper are more than 4 trillion dollars deeper in debt today because the tax-and-in debt today because the tax-and-spenders in Washington, D.C. failed to spenders in Washington, D.C. failed to heed President Reagan’s words: heed President Reagan’s words:

“Government is not the solution to “Government is not the solution to our problem. our problem. Government Government isis the problem.” the problem.”

ECONOMIC FREEDOM ECONOMIC FREEDOM ACTACT The multi-trillion dollar The multi-trillion dollar

government stimulus programs government stimulus programs and taxpayer-funded bailouts and taxpayer-funded bailouts have failed. A growing private have failed. A growing private sector economy is the only sector economy is the only “stimulus program” that will “stimulus program” that will create the jobs needed to restore create the jobs needed to restore America’s economic strength. America’s economic strength.

ECONOMIC FREEDOM ECONOMIC FREEDOM ACTACT

Congressman Jordan and Congressman Congressman Jordan and Congressman Jason Chaffetz (R-UT) have introduced Jason Chaffetz (R-UT) have introduced H.R. 5029, the Economic Freedom Act, H.R. 5029, the Economic Freedom Act, a plan to unleash the power of a plan to unleash the power of America’s private sector economy. America’s private sector economy.

The Economic Freedom Act would The Economic Freedom Act would terminate the TARP and repeal the terminate the TARP and repeal the remaining stimulus, replacing them remaining stimulus, replacing them with a real stimulus plan to create jobs with a real stimulus plan to create jobs by: by:


Reducing The Payroll Tax by Reducing The Payroll Tax by Half for 2010Half for 2010

Providing immediate stimulus Providing immediate stimulus by increasing workers’ by increasing workers’ paychecks and improving the paychecks and improving the bottom line for employers bottom line for employers


Eliminating The Capital Gains Eliminating The Capital Gains TaxTax

Encouraging the risk-taking Encouraging the risk-taking

and investment that is at the and investment that is at the heart of the entrepreneurial heart of the entrepreneurial spiritspirit


Reducing the Corporate Tax Reducing the Corporate Tax Rate to 12.5%Rate to 12.5%

IImproving America’s mproving America’s competitiveness in the global competitiveness in the global market and providing market and providing incentives for expansion and incentives for expansion and job creationjob creation


Permanently Eliminating the Permanently Eliminating the Death Tax Death Tax

Ensuring that small Ensuring that small businesses and family farms, businesses and family farms, the engine of our economy, the engine of our economy, will continue creating jobs for will continue creating jobs for future generationsfuture generations

ECONOMIC FREEDOM ECONOMIC FREEDOM ACTACT H.R. 5020 - Economic H.R. 5020 - Economic

Freedom Act of 2010 - Freedom Act of 2010 - recently. It is still in recently. It is still in committee and the committee and the Democratic majority probably Democratic majority probably will not allow it out of will not allow it out of committee this year. committee this year.

ECONOMIC FREEDOM ECONOMIC FREEDOM ACTACT The bill has a number of The bill has a number of

supporters however and, supporters however and, should the Republicans should the Republicans achieve a majority in achieve a majority in November, they will bring it November, they will bring it to a vote on the House floor to a vote on the House floor early in 2011.early in 2011.

ECONOMIC FREEDOM ECONOMIC FREEDOM ACTACT Congressman Tom Rooney (R-Fla.), Congressman Tom Rooney (R-Fla.),

a member of the Republican a member of the Republican Economic Recovery Working Group, Economic Recovery Working Group, today cosponsored the Economic today cosponsored the Economic Freedom Act, H.R. 5029, a bill that Freedom Act, H.R. 5029, a bill that would help businesses grow and would help businesses grow and create new jobs by permanently create new jobs by permanently reducing job-killing taxes and reducing job-killing taxes and curbing runaway government curbing runaway government spending. spending.

ECONOMIC FREEDOM ECONOMIC FREEDOM ACTACT ““My constituents are still asking, My constituents are still asking,

‘Where are the jobs?’ Florida’s ‘Where are the jobs?’ Florida’s statewide unemployment rate is 12.3 statewide unemployment rate is 12.3 percent, and in some counties in my percent, and in some counties in my district, unemployment is as high as district, unemployment is as high as 15 percent. While the federal 15 percent. While the federal government may be growing at government may be growing at record speed, hard-working record speed, hard-working Americans are left out to dry,” Americans are left out to dry,” Rooney said today in a floor speech Rooney said today in a floor speech announcing his support for the bill. announcing his support for the bill.

ECONOMIC FREEDOM ECONOMIC FREEDOM ACTACT ““Small businesses, not federal Small businesses, not federal

agencies, are the engines of our agencies, are the engines of our economy. We need to establish economy. We need to establish an environment that will allow an environment that will allow Florida’s small businesses to Florida’s small businesses to grow and create new jobs. The grow and create new jobs. The Economic Freedom Act will Economic Freedom Act will permanently cut job-killing taxes permanently cut job-killing taxes on businesses and incentivize on businesses and incentivize banks to start lending again.” banks to start lending again.”

NO SPIN DISCLAIMERNO SPIN DISCLAIMER

There has been no “SPIN” put on this There has been no “SPIN” put on this information by the creator or any information by the creator or any member of the Tea Party. member of the Tea Party.

All information is obtained from the web All information is obtained from the web site “ON THE ISSUES” at issues2000.org site “ON THE ISSUES” at issues2000.org and from the Candidates own web sites.and from the Candidates own web sites.

economic recovery act 3020

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