Dr. Boozman's Check-up
Nov 02 2011
As Congress debates competing plans to get Americans working again, I started a series of blog posts aimed at shining a spotlight on the individual bills that make up The Jobs Through Growth Act and how each one will help put our economy on a road to recovery.
In this edition, we’re highlighting The Withholding Tax Relief Act, a bill that repeals an unnecessary tax that hurts every small business that works with local, state, and federal agencies.
Since it was recently overwhelmingly approved by the House of Representatives in its stand-alone form, we can knock this piece of our jobs plan out immediately if Senate Majority Leader Harry Reid would bring it up for a vote. 170 Democrats voted for the House-passed bill and the repeal is included in President Obama’s plan as well.
With support of the House and the President, this commonsense, common-ground effort does not need to languish in the Senate with an economy in need of this sort of market-based reform.
There is no reason why government agencies should be required to withhold federal taxes from payments to contractors. This withholding takes money from the companies that could otherwise be used for capital investments, employees or additional project bids. Repealing this requirement is one step toward fostering an environment that helps create jobs in the private sector. Despite the Majority Leader’s recent out-of-touch claims, the private sector is exactly where jobs are needed the most.
Republicans and Democrats can and must come together to help jumpstart our economy. We proved that we can by recent passage of the South Korea, Columbia and Panama free trade bills. The Withholding Tax Relief Act is another perfect example of where we can find common ground. Let’s pass it, send it to the President and keep focusing on ways we can cooperate to get Americans working again.
Nov 01 2011
The Jobs Through Growth Act combines several bills that reform the tax code, abolish burdensome regulations, eliminate wasteful spending, promote new markets for American exporters and reduce our dependence on foreign sources of energy.
As Congress debates competing plans to get Americans working again, I want to shine a spotlight on the individual bills that make up The Jobs Through Growth Act and how each one will help put our economy on a road to recovery.
In this first edition, let’s highlight the Regulations From the Executive in Need of Scrutiny (REINS Act), an effort to curb the alarming amount of unnecessary regulations coming from the Obama Administration.
In a recent Gallup Poll, small-business owners in the United States said the number one problem they face today is figuring out how to comply with the countless government regulations. Fear of the effects the next wave of regulations serve to further push small business owners to the edge of uncertainty.
This Administration, like no other in recent years, has abused the regulatory process. Last year, the Obama Administration finalized 3,573 new rules—the costs of these new regulations amounted to $1.75 trillion—nearly 12% of GDP.
The REINS Act will serve as a check for the Administration’s regulatory binge. It will require Congressional approval, by joint resolution, of any federal rule that would cost the economy $100 million or more.
Congressional approval of these regulations is important in light of the aggressive regulatory approach the Executive Branch is continuing to pursue this year. In just two months during the summer of 2011, the Obama Administration proposed 1225 regulations at a cost of $17.7 billion. And these aren’t minor inconveniences we are talking about either. President Obama’s regulatory agenda for 2011 contains 219 proposed rules that have an economic cost of over $1 billion each.
There seems to be no end to this practice in sight. In fact, President Obama has issued a flurry of executive orders in recent days. White House Press Secretary Jay Carney said President Obama will continue to bypass Congress to further his agenda in the coming weeks. Just yesterday, Carney said, “But he [Obama] can also act independently or, rather, administratively, and exercise his executive authority to benefit the American people in other ways. And he will continue to do that.”
The REINS Act is an important piece of this comprehensive jobs package and will help lift the specter of uncertainly from our lagging economy and ensure Congressional oversight of this Administration. It, along with the other bills rolled into The Jobs Through Growth Act, should be passed right away to jumpstart our economy.
Oct 31 2011
The State Department will not be making a $60 million aid payment to a UN cultural agency next month.
In fact, the U.S. likely won’t be making any financial contributions to the United Nations Educational, Scientific and Cultural Organization (UNESCO) in the near future.
And that is the right thing to do.
UNESCO voted today to grant the Palestinian Authority cultural agency full membership into the organization, a move that violates U.S. law prohibiting American support for any U.N.-affiliated body that accepts Palestinian membership.
It is unfortunate, given that the organization is reliant on U.S. aid for almost a quarter of their budget that they would choose to hold such a controversial vote, especially in light of the Palestinian Authority’s (PA) divisive move to get a vote on statehood from the UN.
As I have stated numerous times in the past, the PA and Israel need to pursue peace through direct negotiation. The goal should be working toward a two-state solution, but it has to be agreed upon by the two parties directly involved. It will not be a successful solution if the borders of the two-states are forced upon the parties by the UN.
Cynical efforts like the statehood recognition bid with the UN are detrimental to the peace process. The move by UNESCO today, only adds fuel to the fire, which is why the decision to withhold further funding from UNESCO is the right response to this disappointing vote.
Oct 27 2011
If you’ve been looking to make a change to your Medicare Advantage or prescription drug plan, now is the time to do it.
The Medicare Open Enrollment Period, currently underway, got off to a much earlier start this year.
Open Enrollment is the one time of the year when Medicare recipients can switch plans and make changes to their Medicare Advantage and Medicare Part D.
The Open Enrollment Period will continue through December 7, 2011. Any changes you opt to make to your coverage during this period will begin January 1, 2012.
To get started, just review which plan will meet your needs for next year by using the Medicare Plan Finder. You can also find a listing of plans in your area by checking your most recent “Medicare & You” handbook or by calling 1-800-MEDICARE (1-800-633-4227), where help is available 24 hours a day, including weekends. Medicare can also help you enroll online, in person, at an event in your community, or via phone.
Trying to find affordable health care coverage can be exhausting. If you have limited income you may qualify for the “Extra Help” program to pay your prescription drug costs.
Once you choose a plan, there are several options as to how to start your coverage.
These options include:
• Enroll on the plan’s Web site or on Medicare’s site
• Complete a paper application
• Call the plan’s administrator
• Call 1-800-MEDICARE
Remember, these change will take effect on January 1, 2012 only if your request is submitted by December 7, 2011.
If you opt to change your coverage after the Open Enrollment period, you may be forced to pay a late enrollment penalty.
Learn about Medicare enrollment periods here.
Oct 27 2011
Oct 21 2011
Yesterday, I visited with KUAR in Little Rock about The Jobs Through Growth Act, a combination of initiatives that will spur job creation and lift the fog of uncertainty that is preventing an economic recovery in the private sector.
The story also touches on my concerns about the President's proposal, which so far has failed to garner enough support to pass a Senate controlled by his own party. One of the reasons people are rejecting it is that the plan penalizes fiscally responsible states, like Arkansas, by using federal funds to bailout states that have not made the tough decisions to get their fiscal houses in order.
Every state should be able to manage its budget in a fiscally responsible manner and the federal government must as well. We cannot continue to spend money on public sector jobs that disappear as soon as the federal funds run out. That is exactly what happened with President Obama’s first “Stimulus”, and his new plan is more of the same.
The Jobs Through Growth Act focuses on creating jobs in the private sector. A prosperous private sector will foster long-term economic growth in our communities, instead of the very temporary reprieve that federal bailouts provide.
Read the KUAR story here.
Oct 20 2011
In a Floor speech on Wednesday, Senate Majority Leader Harry Reid said “It’s very clear that private sector jobs have been doing just fine, it’s the public sector jobs where we’ve lost huge numbers.” Senator Reid is clearly out-of-touch with reality.
- 1,503,000 Private Sector Jobs Lost February, 2009 – September, 2011 (U.S. Dept. Of Labor, “Employment, Hours, And Earnings,” Accessed 10/19/11)
- Unemployment Rate: 9.1% (“The Unemployment Situation – September 2011,” Bureau Of Labor Statistics, 10/7/11)
- Government Workers Unemployment Rate: 4.7% (“The Unemployment Situation – September 2011,” Table A-14, Bureau Of Labor Statistics, 10/7/11)
‘TOP INCOME IN U.S. IS... WASH. D.C. AREA’
“The U.S. capital has swapped top spots with Silicon Valley, according to recent Census Bureau figures, with the typical household in the Washington metro area earning $84,523 last year. The national median income for 2010 was $50,046. … . The unemployment rate in the Washington metro area in August was 6.1 percent, compared with 10 percent in San Jose, according to Labor Department figures.” (“Top Income In U.S. Is...Gasp!...Wash. D.C. Area,” Bloomberg, 10/19/11)
Oct 19 2011
The Obama Administration announced it’s giving up on the Community Living Assistance Services (CLASS) Act, a major part of Obamacare, because of the high cost of implementation.
In a letter to Congress, Kathleen Seblius, Secretary of the Department of Health and Human Services (HHS), confirmed that initial cost savings of $86 billion were deceptive. Rather than saving money, the President’s healthcare legislation would have added at least $700 billion to the national debt in the first ten years alone.
As The Hill reported “HHS officials acknowledged that CLASS fell apart simply because it was too flawed to salvage. This is what happens when legislation is rushed through Congress, not given the proper oversight and when Members aren’t given enough time to read the bill. This needs to be a lesson in following proper procedure.
This is a good step in dismantling Obamacare and I will continue to seek a full repeal of this flawed legislation.
Oct 18 2011
Senator Boozman serves as the Ranking Member of the Green Jobs Subcommittee. During this hearing on October, 13, 2011 the subcommittee discusses "Innovative Practices to Create Jobs and Reduce Pollution" and the Senator expresses his concerns with the cost of implementing regulations that ultimately drives jobs overseas.