I'm all ears? Name them...
Small Business and Entrepreneurship
Americas small businesses are the backbone of the U.S. economy, employing tens of millions of workers. Small businesses create the vast majority of jobs, patents, and U.S. exporters. Under the current Administration, we have the lowest rate of business startups in thirty years. Small businesses are the leaders in the worlds advances in technology and innovation, and we pledge to strengthen that role and foster small business entrepreneurship.
While small businesses have significantly contributed to the nations economic growth, our government has failed to meet its small business goals year after year and failed to overcome burdensome regulatory, contracting, and capital barriers. This impedes their growth.
We will reform the tax code to allow businesses to generate enough capital to grow and create jobs for our families, friends and neighbors all across America. We will encourage investments in small businesses. We will create an environment where adequate financing and credit are available to spur manufacturing and expansion. We will serve as aggressive advocates for small businesses
Ending the Housing Crisis and Expanding Opportunities for Homeownership
Homeownership expands personal liberty, builds communities, and helps Americans create wealth. The American Dream is not a stale slogan. It is the lived reality that expresses the aspirations of all our people. It means a decent place to live, a safe place to raise kids, a welcoming place to retire. It bespeaks the quiet pride of those who work hard to shelter their family and, in the process, create caring neighborhoods. Homeownership is best fostered by a growing economy with low interest rates, as well as prudent regulation, financial education, and targeted assistance to responsible borrowers.
The collapse of the housing market over the last four years has been not only a severe blow to the entire economy, but also a personal tragedy to millions of Americans whose homes have lost value and to so many others who have lost their homes. Combined with high unemployment, that decline has left countless homeowners saddled with mortgages exceeding the value of their homes. The response of the current Administration has done little to improve, and much to worsen, the situation. By discouraging private sector investment, it has stalled the housing recovery. Its massive intervention in the housing market, with the Federal Housing Administration (FHA), Fannie Mae and Freddie Mac backing nearly all new mortgages, has hit the taxpayers with a bill for almost $200 billion to bail out the latter two institutions. It has spent billions more on poorly designed and ineffective housing assistance programs. Making matters worse, the Congress, under Democrat control, enacted the Dodd-Frank Act, a massive labyrinth of costly new regulations that deter lenders from lending to creditworthy homebuyers and that disproportionately harms small and community banks. As a result, home sales remain weak, investment in housing remains depressed, construction industry jobs remain down, and mortgage lending has yet to recover to pre-crisis levels.
Infrastructure: Building the Future
Americas infrastructure networks are critical for economic growth, international competitiveness, and national security. Infrastructure programs have traditionally been non-partisan; everyone recognized that we all need clean water and safe roads, rail, bridges, ports, and airports. The current Administration has changed that, replacing civil engineering with social engineering as it pursues an exclusively urban vision of dense housing and government transit. In the vaunted stimulus package, less than six percent of the funds went to transportation, with most of that to cosmetic shovel-ready projects rather than fundamental structural improvements. All the while, the Democrats Davis-Bacon law continues to drive up infrastructure construction and maintenance costs for the benefit of that partys union stalwarts. What most Americans take for granted-the safety and availability of our water supply-is in perilous condition. Engineering surveys report crumbling drinking water systems, aging dams, and overwhelmed wastewater infrastructure. Investment in these areas, as well as with levees and inland waterways, can renew communities, attract businesses, and create jobs. Most importantly, it can assure the health and safety of the American people.
The nations ports have become a bottleneck in international trade. Americas exporters sometimes use Canadian ports in order to reach the world market in a timely manner. With the widening of the Panama Canal, our East Coast and Gulf ports have an extraordinary opportunity to boost container traffic but require major improvement to remain competitive receivers of large vessels.
Interstate infrastructure has long been a federal responsibility shared with the States, and a renewed federal-State partnership and new public-private partnerships are urgently needed to maintain and modernize our countrys travel lifelines to facilitate economic growth and job creation. In the last two years, Congressional Republicans have taken the lead with initiatives like the FAA Modernization and Reform Act; the Pipeline Safety, Regulatory Certainty, and Job Creation Act; and the Coast Guard and Maritime Transportation Act. The recent highway bill reforming the federal highway program included some key reforms. It will shorten the project approval process, eliminate unnecessary programs, and give States more flexibility to address their particular needs. It is a return to the principles of federalism, and it contains not a single earmark. It should be followed by reform of the 42-year old National Environmental Policy Act to create regulatory certainty for infrastructure projects, expedite their timetables, and limit litigation against them.
Securing sufficient funding for the Highway Trust Fund remains a challenge given the debt and deficits and the need to reduce spending. Republicans will make hard choices and set priorities, and infrastructure will be among them. In some States with elected officials dominated by the Democratic Party, a proportion of highway funds is diverted to other purposes. This must stop. We oppose any funding mechanism that would involve governmental monitoring of every car and truck in the nation. Amtrak continues to be, for the taxpayers, an extremely expensive railroad. The public has to subsidize every ticket nearly $50. It is long past time for the federal government to get out of way and allow private ventures to provide passenger service to the northeast corridor. The same holds true with regard to high-speed and intercity rail across the country.
Sounds reasonable for blacks to me