Rep. Gohmert Introduces the American Jobs Act of 2011
Rep. Louie Gohmert (TX-01) released the following statement today after introducing the “American Jobs Act of 2011” which will create jobs by taking the corporate tax rate to zero.
“We have heard a lot of rhetoric about job creation from President Obama over the last several days. After waiting to see what the President would actually put into legislative language, and then waiting to see if anybody would actually introduce the President’s bill in the House, today I took the initiative and introduced the 'American Jobs Act of 2011.' It is a very simple bill, which will eliminate the corporate tax which serves as a tariff that our American companies pay on goods they produce here in America.
This bill will actually create jobs in America. Right now, American manufacturing jobs are shipped overseas. What is really insidious about this tax is that corporate taxes are paid by the consumer – built in to the cost of the good or service. Corporate taxes are paid for by people in the form of lower wages to American workers and less money paid out in dividends in everything from 401K retirement accounts and to those who would risk their capital in business ventures. This type of capital investment is where jobs come from.
Unlike President Obama’s bill, which clocks in at 155 pages, the 'American Jobs Act' is only two pages. The American people want to see jobs and economic growth and this bill guarantees that outcome. America would instantly become a safe haven for businesses resulting in an explosion in revenue increases. If we really want to create jobs and grow the economy, we must pass ‘The American Jobs Act’ now.”
To view a copy of the bill, click here.
Congressman Louie Gohmert is the Vice Chair of the Judiciary Subcommittee on Crime, Terrorism and Homeland Security. Prior to being elected to serve in Congress, Louie was elected to three terms as District Judge in Smith County, Texas. He also served as Chief Justice of Texas'12th Court of Appeals.
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