Wednesday, September 28 , 2016, 4:54 pm | Fair 82º

  • Follow Noozhawk on LinkedIn
  • Follow Noozhawk on Pinterest
  • Follow Noozhawk on YouTube
 
 
 

Tom Donohue: An Action Plan for American Jobs — Now

President Obama and Congress must get to work on implementing practical solutions

It seems like everyone in Washington has a jobs plan these days. While the focus is welcome, the talk must translate into meaningful action. The 25 million Americans who are unemployed, underemployed or have stopped looking for work want to hear specific ideas that will jump-start job creation — and they want to see Congress act on them.

We’ve put together a jobs plan, based on practical, private-sector solutions that the U.S. Chamber of Commerce sent to President Barack Obama and Congress on Tuesday:

» Expand trade and global commerce: Pass the three pending free trade agreements with South Korea, Colombia and Panama to save 380,000 jobs and add hundreds of thousands of new jobs. Completing export control forms, spurring exports to Europe and Asia, and protecting intellectual property through patent reform and shutting down rogue websites would create thousands of additional jobs.

» Produce more American energy: Open offshore resources in the Gulf of Mexico and Alaska and create 244,700 new jobs. Expand access to federal lands for oil and gas exploration and add 530,000 new jobs. Approve the Keystone XL project, which would support 250,000 energy jobs.

» Speed up infrastructure projects: Pass a multiyear highway bill, FAA reauthorization bill and a water bill so states and communities can plan projects, hire employees and prevent layoffs. Implement the Energy Savings Performance Contracts Program and create 35,000 jobs a year. Remove regulatory and permitting obstacles to 351 stalled energy projects and create 1.9 million jobs annually. Unlock $250 billion in global private capital for infrastructure projects here at home and create even more jobs.

» Welcome tourists and business travelers to America: Create 1.3 million jobs by restoring the U.S. share of the travel market to 2000 levels by promoting tourism, expanding the visa waiver program and reforming the visa application process without compromising security.

» Streamline permits and provide regulatory certainty: Take up to $1 trillion in accumulated private capital off the sidelines and into business expansion by eliminating uncertainty caused by burdensome regulations. Expedite the permitting process to get job-creating projects moving.

» Pass pro-growth tax incentives: Implement a repatriation holiday and generate up to 2.9 million jobs in two years, and temporarily reduce the capital gains tax rate to free up cash for hiring.

Timely action on these and other ideas could spur economic activity and create American jobs — without adding to the deficit. Now that Congress and the president are back in Washington, they must get to work so that 25 million Americans can find work.

— Tom Donohue is president and CEO of the U.S. Chamber of Commerce.

Reader Comments

Noozhawk's intent is not to limit the discussion of our stories but to elevate it. Comments should be relevant and must be free of profanity and abusive language and attacks.

By posting on Noozhawk, you:

» Agree to be respectful. Noozhawk encourages intelligent and impassioned discussion and debate, but now has a zero-tolerance policy for those who cannot express their opinions in a civil manner.

» Agree not to use Noozhawk’s forums for personal attacks. This includes any sort of personal attack — including, but not limited to, the people in our stories, the journalists who create these stories, fellow readers who comment on our stories, or anyone else in our community.

» Agree not to post on Noozhawk any comments that can be construed as libelous, defamatory, obscene, profane, vulgar, harmful, threatening, tortious, harassing, abusive, hateful, sexist, racially or ethnically objectionable, or that are invasive of another’s privacy.

» Agree not to post in a manner than emulates, purports or pretends to be someone else. Under no circumstances are readers posting to Noozhawk to knowingly use the name or identity of another person, whether that is another reader on this site, a public figure, celebrity, elected official or fictitious character. This also means readers will not knowingly give out any personal information of other members of these forums.

» Agree not to solicit others. You agree you will not use Noozhawk’s forums to solicit and/or advertise for personal blogs and websites, without Noozhawk’s express written approval.

Noozhawk’s management and editors, in our sole discretion, retain the right to remove individual posts or to revoke the access privileges of anyone who we believe has violated any of these terms or any other term of this agreement; however, we are under no obligation to do so.

Support Noozhawk Today

You are an important ally in our mission to deliver clear, objective, high-quality professional news reporting for Santa Barbara, Goleta and the rest of Santa Barbara County. Join the Hawks Club today to help keep Noozhawk soaring.

We offer four membership levels: $5 a month, $10 a month, $25 a month or $1 a week. Payments can be made through PayPal below, or click here for information on recurring credit-card payments.

Thank you for your vital support.



Daily Noozhawk

Subscribe to Noozhawk's A.M. Report, our free e-Bulletin sent out every day at 4:15 a.m. with Noozhawk's top stories, hand-picked by the editors.

Sign Up Now >