Tuesday, September 28, 2010

LG Bill Bolling to President Obama: "get out of the way"

Today, Virginia LG Bolling held a press conference about how the health care law and the economy are effecting small businesses in Virginia. This comes one day before President Obama will be visiting a private home in Richmond. LG Bill Bolling called on President Obama to get Washington out of the way and let small businesses do what they do best — lead the nation into an economic recovery. Bolling called on President Obama to follow the Virginia model and get the nation's fiscal house in order.

Here are LG. Bollings remarks:

"America’s economy is in serious trouble. After three years of recession and despite a trillion dollar federal stimulus plan, unemployment continues to rise and the American dream is fading for millions of families.

Getting our economy moving again and creating jobs is the most important issue currently facing our country, but the federal government continues to pursue policies that are driving America into an even deeper economic hole.

In my role as Virginia’s Chief Jobs Creation Officer, I have probably met with more CEOs over the past eight months than anyone in our state. They have all told me the same thing – they have money and they are ready to invest and they need workers and they are ready to hire, but they are not going to do so until the federal government stops pursuing anti-business policies and starts pursuing pro-business policies.

Mr. President, if you are really serious about getting our economy moving again and creating jobs, you will pursue the following approaches:

• Assure American businesses that you will no longer pursue card check or cap and trade legislation, repeal the massive mandates, fines and penalties on businesses from the federal health care bill and rein in the EPA, whose overly aggressive regulatory policies are suffocating the ability of the private sector to create jobs.

• Agree to make the federal tax cuts of 2001 and 2003 permanent for every American and American small business and provide additional tax cuts for businesses that create jobs and make major capital investments.

• Most importantly, follow the Virginia model and take aggressive action to reduce government spending to 2006 levels.

There is an old saying that when you find yourself in a hole, the first step in getting out of the hole is to stop digging. I ask you to stop digging, stop pursuing, anti-jobs and anti-business policies that will bury this country in an even deeper economic hole."

*Debbie Stocks, Principal, Your Benefits Partner, made the following remarks:

"Our clients keep telling us the same thing: their rates continue to rise while their income and cash flow doesn’t. They can't tell in advance how much it's going to cost to provide benefits for a new employee. That coupled with tax uncertainty makes it even harder for them to take on new hires.

Virginia leaders like Governor McDonnell and Lt. Gov. Bolling understand that businesses, not government, created economic growth, and have worked hard to make sure that Richmond doesn't get in the way. When Virginia faced a massive budget shortfall, Governor McDonnell didn't give into the Democratic knee-jerk call to raise taxes.

Instead, the McDonnell administration and the General Assembly went through the budget and made hard choices. That's one reason the Commonwealth is continually ranked as one of the top two places in the country to do business.

While small business owners want to provide good quality health insurance to their employees, with a rate increase of nearly 25 percent, small business owners will struggle to pay the bill. Health insurance costs are just one of many challenges facing small business owners. With uncertainly over taxes, onerous regulations like the new 1099 requirements, and sales not bouncing back, the President and Congress need to start listening to small businesses and helping us truly recover."

**Richard S. "Syd" Chapman, Jr., the vice president of Carroll Plumbing and Heating, gave the following statement:

We would love to hire new employees. Our team is working as hard as they can to serve our customers. But President Obama and his Democratic team in Congress have continually piled new regulation after new regulation onto our business. At the moment, I can't tell you how much our health insurance premiums will go up, because no one knows how these new mandates are going to impact us.

If Cap and Trade becomes law, I'll have to pay a higher power bill and higher material costs instead of creating another paycheck. Unless Congress acts, I'm looking at a huge increase in my overall tax burden. As much as I want to provide health insurance for new employees, I have no idea how much it's going to cost to meet all these new mandates that the 2,000 page health law created.

Mr. President, if you want to get the economy moving again, get Washington out of the way. Stop the anti-business policies, give entrepreneurs some sense of certainty as to what Washington's impact on them will be. If we know the rules of the game — and we know that they won't change on us overnight — a real economic recovery will materialize faster than you can imagine."

*Your Benefits Partner is a Glenn Allen-based health insurance brokerage which serves small businesses and individuals across the Commonwealth. The firm is itself a small businesses, with 2 employees, and deals with the same issues surrounding taxes, health care, and energy costs that their clients do.

**Carroll Plumbing and Heating has served the Richmond area from its headquarters in the Fan for more than 40 years. While it's not the most glamorous work, Carroll provides critical services that keep new and old buildings alike comfortable and livable year round. With 24 employees, Carroll is particularly attuned to the impacts Democrat policies have on every aspect of business — from supply costs to employee benefits.

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