President Obama exhorted Congress to pass his latest legislation, the “American Jobs Act,” “right now” last Thursday night in a joint session of Congress. Republican members were quick to point out there was, at that time, no legislation to pass.
Rep. Louis Gohmert (R-TX) has gone a step further than mere talking points, snagging the name “American Jobs Act” for his own bill in the House. Gohmert named his bill Wednesday morning, according to his office, before any Democratic representative had introduced Obama’s bill for him.
“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,’” Gohmert said in a statement Wednesday afternoon.
The bill would “amend the Internal Revenue Code of 1986 to repeal the corporate income tax.”Gohmert touted his two-page bill as a simple alternative to Obama’s 155-page legislation and ends the press release cheekily, “If we really want to create jobs and grow the economy, we must pass ‘The American Jobs Act’ now.”
The Heritage Foundation has the text of Gohmert’s bill, here.
Full text of Gohmert’s statement:
“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.”