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Letter: Shea-Porter knows key to creating job growth

Congresswoman Carol Shea-Porter is a friend of small business. She introduced the Reward and Encourage New Business Act, a bill to permanently double the tax deduction for new businesses to $10,000.

This is the right way to help both businesses and employment.

According to the Washington Post, job creation is linked to small-business start-ups. Statistics show that start-ups are responsible for most of the net job growth every year.

According to the National Bureau of Economic Research, it’s the start-ups that do most of the hiring and create net new jobs. Bloomberg cited a report by the Kauffman Foundation, which pointed out that “the important element in job creation isn’t the smallness of a business but the newness.”

According to the report, between 1977 and 2005, firms in their first year created an average of 3 million jobs per year. Clearly Shea-Porter did her homework on the best way to create jobs!

In the 111th Congress, Shea-Porter’s legislation passed and became law, but has since expired. House Republican leadership should bring Shea-Porter’s bill to the floor. We need more jobs and we need action from Republicans, not just more empty words!



Legacy Comments1

Headline: Shea-Porter knows key to creating job growth. FACTS: the USA is at an all time low in labor force participation rate - even lower than the awful days of Carter. How does one square the liberal progressive socialist democrat propaganda against the FACTS. What the author means is that Shea Porter knows somebody who knows somebody that may know how to get us out of this democrat created economic doldrums. WHO IS THE PORTER BEHIND SHEA PORTER ? - anybody ever seen a picture of the two of them together?

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