What Our Plan Does
The facts about the House Republican Plan for America's Job Creators
|Reduce Regulations||Tax Code Reform||Free Trade||Patent Reform|
|Visas for the Highly Skilled||FDA Product Approval||Energy Production||Reducing the Debt|
In order to ease the regulatory burden on the economy and to promote job creation, we will approve legislation that requires a congressional review and approval of any proposed federal government regulation that will have a significantimpact on the economy.
We will set the top tax rates at no more than 25% for job creating businesses. This would level the playing field with our competitors and would help to generate investments and create American jobs allowing the U.S. to be more competitive inthe global marketplace and attract business.
We will pass three pending free trade agreements with Colombia, Panama, and South Korea. This will be a shot in the arm for businesses small and large and will create thousands of jobs. We will build on those successes by looking for other ways to expandmarket access for U.S. made products while vigorously enforcing our rights to protect American jobs from unfair practices by other countries.
We will modernize and improve the patent system to discourage frivolous lawsuits, expedite reviews, and provide better protection for job creating entrepreneurs. Streamlining the system will make it easier for existing businesses to grow and allow more start-up companies to flourish. The House Judiciary Committee voted to approve a bipartisan patent reform bill to address these challenges.
After a systematic review of our visa system, the Congress should undertake prudent reforms. The House Judiciary Committee is reviewing our visa system to determine the needs of American employers and the reforms necessary to ensurethat American businesses maintain their leading edge in innovation and technology development. Possible solutions include keeping the most accomplished graduates in math, science and other critical fields here in America as well as making it easier for start-up entrepreneurs to obtain visas.
There are two major programs that must be reauthorized next year by Congress to improve the FDA approval process: the prescription drug user fee program and the medical device user fee program. Under these two programs, the FDA collects funds from industry to help expedite the drug and device approval process. These two reauthorizations present an opportunity to bring transparency and consistency to the FDA approval process, and with that, more efficiency, growth, and American jobs.
Over the past 220 years, America has created the greatest economic success story in the history of the world. Our innovative society has dramatically improved the length and quality of life for billions of people around the globe. This same ingenuity must be unleashed to meet our energy and employment needs. House Republicans are taking immediate action through our American Energy Initiative by passing bipartisan legislation to expand energy exploration and production. This will help create American jobs, grow our economy, and enhance our security.
We will work to control the federal deficit to assure investors and entrepreneurs that our nation's elected leaders are finally getting serious about paying off the debt over time and will bring back confidence by supporting long-term economic growth.
House Republicans have already begun to reduce spending in a meaningful way by approving legislation to decrease spending for the rest of the year and adopting a budget that reduces government spending by almost $6 trillion over the next ten years.