Boehner Talks Jobs and Dealing with our Long-Term Debt

Speaking at the Peter G. Peterson Foundation’s 2012 Fiscal Summit, Speaker John Boehner reiterated his “Boehner principle” that any increase in the debt limit be accompanied by greater spending cuts.  Boehner also discussed the year-end “fiscal cliff” of massive tax hikes, and measures that Republicans are pushing to reform our tax code to make our country more competitive and restore economic growth and job creation.  The Washington Post has excerpts: 

“For all the focus on Election Day, another date looms large for every household and every business, and that’s January 1, 2013. On that day, without action by Congress, a sudden and massive tax increase will be imposed on every American — by an average of $3,000 per household. Rates go up, the child tax credit is cut in half, the [alternative minimum tax] patches end, the estate tax returns…
“Now, it gets a little more complicated than that. What will expire on January 1 is cause for concern — as is what will take effect. That includes: Indiscriminate spending cuts of $1.2 trillion — half of which would devastate our men and women in uniform and send a signal of weakness; Several tax increases from the health care law that is making it harder to hire new workers; As well as a slate of energy and banking rules and regulations that will also increase the strain on the private sector.
“But… it gets even more complicated than that. Sometime after the election, the federal government will near the statutory debt limit....
When the time comes, I will again insist on my simple principle of cuts and reforms greater than the debt limit increase. This is the only avenue I see right now to force the elected leadership of this country to solve our structural fiscal imbalance…Just so we’re clear, I’m talking about REAL cuts and reforms — not these tricks and gimmicks that have given Washington a pass on grappling with its spending problem.”
The Post’s Jennifer Rubin notes that the GOP is on the same page in fighting for economic growth and tax reform: 
“First, the solutions proposed (tax reform, entitlement reform) are the same as Mitt Romney’s. The GOP is all on the same page.
“Second, it was a speech Rep. Paul Ryan (R-Wis.) could easily have delivered. The GOP has fully embraced the reform agenda that he began to roll out as early as 2007. The press may play up a divide between the 'establishment' and conservative reformers of the tea party mold, but in the Republican House, they are one and the same.
“Third, part of the rationale behind the speech certainly must have been to remind voters how derelict the president has been. We have a multi-car pile-up coming at the end of the year, Boehner argues, because for four years Obama will not have done his job.
“Indeed, the GOP message for 2012 is simple: Obama didn’t do his job. It is no coincidence that Romney is in Iowa today, telling voters, “There’s plenty of blame to go around for both parties. But in my years leading businesses, an Olympics and a state, I’ve learned one simple principle of leadership that never falters: Leaders lead. I will lead us out of this debt and spending crisis.”
“You can’t say there is message confusion on the GOP side in this election.”
To learn more about House Republicans’ plan for economic growth and tax reform, click here
Tags: Jobs