Tim Scott on Jobs
SEN. TIM SCOTT: Obviously the President cannot fire anybody in the private sector. One of the challenges that we have with the current negotiations is that they want four-day French workweeks, but more money. They want more benefits working fewer hours. That is simply not going to stand. I sat in a Finance Committee hearing when a widow came before the committee whose promised pensions from the unions, $4,000 a month. Unfortunately it had been cut to $1,000 a month. We must make sure that we honor the commitments that we make. And one of the ways we do that, do not over-promise and then under-deliver and leave the taxpayers on the hook.
SCOTT: If you look at our national debt of $33 trillion, I would love to have this country pass a balanced budget amendment. That would constrain the spending in Washington, number one. Number two, if you want to actually reduce our national debt, you have to grow our economy. In order to grow our economy, you need to create about 10 million jobs to grow our economy at 5 percent.
You can do that in three specific sectors. Number one, the energy sector. Number two, we've lost 100,000 factories in the last 25 years. If we continue with my Made in America plan, we could bring jobs back to America in a similar fashion that we did when I wrote the Tax Cuts and Jobs Act.
We actually lowered the corporate tax from 35 percent to 21 percent. Reshore or repatriated $1.7 trillion. We brought the unemployment rates for African-Americans, Hispanics and Asians to the lowest level in the history of the country.
Booker and Scott are unveiling a proposal that would promote apprenticeships in highly-skilled trades, a move designed to help fill millions of technical jobs in the construction, manufacturing energy and telecommunications industries, while also creating jobs for younger Americans, especially minorities struggling to find work.
Booker and Scott's LEAP Act (Leveraging and Energizing America's Apprenticeship Programs) would provide tax credits to employers who offer apprenticeships to younger job applicants. Companies that offer apprenticeships to people under age 25 would receive a $1,500 tax credit and a $1,000 credit for apprentices above age 25. Apprenticeships, unlike office internships, offer a combination of on-the-job training and instruction in highly-skilled occupations.
The Competitive Enterprise Institute (CEI), a public policy organization dedicated to the principles of free markets and limited government, has created a Congressional Labor Scorecard for the 112th Congress focusing on worker issues. The score is determined based on policies that support worker freedom and the elimination of Big Labor`s privileges across the country.
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2024 Republican Presidential Candidates:
Gov. Doug Burgum (R-ND)
Gov. Chris Christie (R-NJ)
Gov. Ron DeSantis (R-FL)
Larry Elder (R-CA;withdrew)
Gov. Nikki Haley (R-SC)
Rep. Will Hurd (R-FL;withdrew)
Gov. Asa Hutchinson (R-AR)
Perry Johnson (R-IL)
Mayor Steve Laffey (R-RI)
Former V.P.Mike Pence (R-IN;withdrew)
Vivek Ramaswamy (R-OH)
Sen. Tim Scott (R-SC)
Secy. Corey Stapleton (R-MT)
Mayor Francis Suarez (R-FL;withdrew)
Former Pres.Donald Trump (R-NY)
2024 Democratic and 3rd-party primary candidates:
Pres. Joe Biden (D-DE)
V.P.Kamala Harris (D-CA)
Robert F. Kennedy, Jr. (I-NY)
Chase Oliver (L-GA)
Rep.Dean Phillips (D-MN)
Jill Stein (Green)
Cornel West (Green Party)
Kanye West (Birthday Party)
Marianne Williamson (D-CA)
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