When will this House leadership take action to get us out of this perpetual economic slump and provide the economic growth that we need to create the jobs that American families need? Unemployment nationally remains high at 9.5 percent for June, with the U.S. economy losing 125,000 jobs in that month alone. In my area of south Florida, our unemployment rate is steadily increasing to 12.3 percent. It is time for the administration and the liberal House leadership to take a proven approach of providing tax relief for working families and small businesses while reducing the debt, which is delaying future economic growth. Lowering the tax burden on small firms, simplifying the Tax Code, that will encourage job creation. I also support extending the $8,000 first time Homebuyer Tax Credit, which has done so much to help revive our slow housing industry in south Florida. Let's act now. It is overdue.
Editor's note · Context
The speaker addresses the need for economic growth and job creation amid high unemployment rates.
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