Senator Portman's First Legislation
Focused On Ohio Jobs
Legislation Would Create Over One Million New Jobs
and Repeal Key Anti-Job Aspects of Democrat Healthcare Law
Monday, January 24, 2011
WASHINGTON, D.C. – Today, Senator Rob Portman (R-OH) announced the introduction of his first piece of legislation, the Job Creation Act of 2011. The Job Creation Act of 2011 would provide needed tax and regulatory relief to the private sector to help create new jobs and provide greater certainty for our economy at a time when it is badly needed.
“Over the past two years, I have traveled to every one of Ohio’s 88 counties and visited over 100 factories, farms and other businesses to get input on how to bring jobs back to Ohio. I received a lot of good ideas from small business owners, workers, and economic development groups. The result was the Portman Plan for Jobs and this legislation, the Job Creation Act of 2011,” said Senator Portman.
“We need to focus on pro-growth policies, like those included in the Job Creation Act, in order to create an environment that fosters job growth and gets Americans back to work. If passed, this legislation will create over 1.4 million jobs, provide nearly $240 billion in tax relief, reduce the deficit by $85 billion and eliminate some of the most burdensome mandates on job creators,” continued Portman.
Over the past two years, Washington has been making it harder, not easier, for companies of all sizes to create jobs. The Job Creation Act of 2011 is a significant step in the other direction which will immediately help companies grow, create jobs and invest in the future. Economists estimate the payroll tax section of the Job Creation Act alone would create more than 1.4 million jobs. The legislation would provide nearly $240 billion in tax relief to foster hiring and investment while reducing the deficit by $85 billion and ending job destroying mandates on job creators.
“The Job Creation Act of 2011 is a robust first step towards a pro-job atmosphere here in Washington, and I will continue to remain laser focused on fixing Ohio’s economy and creating an environment conducive to job growth,” stated Portman.