Economy and Jobs
As a small businesswoman and a proud recipient of the National Federation of Independent Business’s (NFIB) “Guardian of Small Business Award,” bringing good-paying jobs to middle Tennessee is a top priority of mine in Congress. Washington must recognize that government does not create jobs, but it can empower the private sector to spur job growth by lifting the burden of red tape and bureaucracy that weakens our economy and stifles entrepreneurship.
Under the big-government policies of President Barack Obama and Congressional Democrats, our nation’s labor force participation rate remains at among the lowest levels seen since the Carter Administration. We must do better.
That is why the House of Representatives is passing legislation to give our small businesses certainty in the Obama economy, and working to retool our tax code in a way that helps families and small businesses. For example, the House voted with my support to pass the Save American Workers Act – legislation repealing Obamacare’s harmful “30 hour rule” that rewrites the definition of fulltime work and offers a perverse incentive for employers to put lower caps on their workers’ hours.
The House also voted with my support to make permanent many of the tax credits that families and businesses rely upon most, including the state and local sales tax deduction – a key savings tool used by taxpayers in Tennessee –and the tax credit for Section 179 expensing, which is a deduction that small businesses can use to account for the cost of purchasing new equipment. According to a study by the NFIB, this alone could create nearly 200,000 jobs.
Most recently, House Republicans have unveiled our “Better Way” platform, a specific agenda that details how, using conservative principles, we will seek to reform our regulatory system, overhaul our tax code, and jumpstart our economy to create more jobs. You can read more about our plans at www.better.gop,
Click HERE to join my Small Business Advisory Committee.
More on Economy and Jobs
By now, you’ve heard “fairer, flatter, simpler” repeated over and over. It was our goal with the Tax Cuts and Jobs Act to reform an outdated tax code that – over the last three decades – had become absurdly complicated and no longer worked for our economy.
We wanted to rebuild confidence in our private sector. We wanted to bring back America’s competitive edge by giving job creators freedom from punishing high taxes – and we did just that. This is the most optimistic the business community has been since the financial crisis.
Washington, D.C. – A federal judge in Texas struck down an Obama-era rule that would force businesses to cut jobs in order to meet rising pay costs and potentially reduce salaried managers to hourly employees. The current pay threshold to receive overtime stands at $23,660 and would be doubled to $47,476 annually if the rule is implemented. Congressman Diane Black (R-TN-06) released the following statement:
Washington, D.C. – Congressman Diane Black (R-TN-06) was named interim House Budget Committee Chairman today pursuant to House passage of H. Res. 6. The announcement follows outgoing Chairman and Secretary of Health and Human Services nominee Tom Price’s (R-GA-06) decision to suspend his duties in anticipation of his Senate confirmation hearings. A registered nurse by background, Black brings more than 40 years of healthcare experience to the role. She released the following statement:
Crossville, TN– Today, Congressman Diane Black (R-TN-06) announced her upcoming 6th District job fair on Thursday, October 29th from 10:00 AM to 2:00 PM at the Cumberland County Community Complex, located at 1398 Livingston Road in Crossville. The event is set to include nearly twenty local employers and is open to the public.
To watch Rep. Black's video, click HERE or the image above
Watch Congressman Black’s remarks at today’s Budget Committee Press Conference HERE.
Washington, D.C. – Today Congressman Diane Black (R-TN-06), a member of the House Budget Committee, released the below statement on the unveiling of the House Republican Fiscal Year 2016 budget: A Balanced Budget for a Stronger America.