Confidence, capital, and new markets fuel entrepreneurship and job-generating expansion of existing businesses.
From Elaine Chao
For significant job creation to occur, prospective entrepreneurs and current business owners must not fear the future or be under assault from their own government in the present.
Capital available for individuals to start and expand businesses would increase with regulatory and strategic tax reforms, like reducing marginal rates, repealing the alternative minimum tax, and making the U.S. the most welcoming place for employers to relocate and create jobs.
America needs a new approach to boost the economy - one that does not doom future generations to being saddled with paying off today's federal deficits.
Policymakers, elected and unelected, need to be ever-mindful that the U.S. economy does not exist in isolation.
There should be an immediate moratorium on federal regulations that endanger jobs.
We need long-term tax reform that promotes private sector job creation. And legislated mandates that kill jobs by raising the cost of payrolls need to be eliminated.
To better deal with shortages of qualified applicants now and in the future, government policy makers need to acknowledge that government job training programs could stand improvement.
Employers should overcome a myopic quarterly earnings posture and focus on long-term strategies for growth that include investing in their own skills-training efforts to enable a broader pool of applicants.
America's competitive advantage lies in its human talent. All of us should be doing everything we can to cultivate and develop our work force.
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