Last week, Leader Cantor called on Senate Majority Leader Reid to hold a vote on the 22 House-passed bipartisan jobs bills so that Washington can help businesses invest and create new jobs. Today, the Senate is set to move forward on two of the House measures that will repeal the burdensome 3 percent withholding rule, and encourage businesses to hire veterans. House Republicans will continue to focus on producing an environment for job creation, and hopefully today’s action shows Senate Democrats that there is common ground where we can work together to produce results and get people back to work.
TUNE IN: Today at 12:00 PM ET Leader Cantor will speak about economic growth and opportunity in America at Rice University in Texas. Watch Leader Cantor’s speech HERE.
Today In History: In 1775, the Continental Congress passed a resolution stating that "two Battalions of Marines be raised" for service as landing forces for the recently formed Continental Navy. The resolution, drafted by future U.S. president John Adams and adopted in Philadelphia, created the Continental Marines and is now observed as the birth date of the United States Marine Corps.
Birthdays: U.S. Marine Corps, Sen. Saxby Chambliss, Rep. Bill Johnson, Ellen Pompeo, and Roy Scheider
Here is what’s in today’s Ledger ...
State Of Play: Leader Cantor Discusses Earned Success, Income Mobility and Moving Up The Ladder
Leader Cantor: Having Equal Opportunity Is One Of America’s Grand Promises. As protests around the country have placed a spotlight on fairness, a Republican congressional leader said during a visit Wednesday to Texas A&M that America is about equality of opportunity, not equality of outcome. "It is a grand American promise," said House Majority Leader Eric Cantor. "The promise is you work hard, you play by the rules, and in our nation you are afforded an equal opportunity to earn your success and a better life for yourself." The Eagle
• Cantor: The Government Needs To Be Giving A Helping Hand Up, Not A Hand-Out. Cantor addressed what he sees as the shortcomings of the economic policy of President Barack Obama's administration. He has developed a reputation among the GOP as a budget guru after spearheading the opposition to the 2009 stimulus bill. "America is built on the idea that the rules are the same for everyone and, if you work hard enough, you can move up the ladder," Cantor said. "The government needs to be giving a helping hand up, not a hand-out." The Battalion
State Of Play (2): Setting The Record Straight On Veterans and Jobs
House Republicans, Not Senate Democrats Have Taken The Lead On Helping Our Veterans Find Jobs.
• July 7, 2011: Rep. Jeff Miller, Chairman of the House Committee on Veterans’ Affairs introduced the VOW Act (H.R. 2433), addressing the root problems our veterans face in today’s job market – training and skills to compete.
• September 16, 2011: The House Leadership highlighted veterans as an area where the House and the White House could find common ground in the American Jobs Act.
• October 12, 2011: The House passed the Vow Act with overwhelming bipartisan support 418-6
• October 25, 2011: Speaker Boehner renewed the House’s commitment to helping America’s veterans and called on Senate Democrats to act on the VOW Act.
Reminder: The VOW Act is one of the 22 House-passed bipartisan jobs bills that has been sent to Senate this year.
The Economy: Republicans Act To Remove The Obstacles Preventing Small Business Growth & Job Creation
Rep. Scott Tours Local South Carolina Businesses To Discuss The Negative Impact Of Overregulation. The tour highlighted “overreactions” by federal regulators who Scott said should use common sense to study environmental and economic impacts of new regulations. The government needs to create jobs and protect the environment at the same time; the decision shouldn’t be one versus the other, he said. Scott said the Federal Register, which details federal regulations, has grown to about 60,000 pages, and businesses spend $70 billion a year on regulatory compliance. The government needs a limited amount of regulations to set the playing field, Scott said, but in recent years, the country has gone from inching to leaping to new regulations. Nearly 18 miles southeast of The Ponds, Scott stopped at Bulldog Hiway Express to talk about truckers’ hours of service. The Department of Transportation is considering lowering the hours of service from 11 hours to 10. “The sound of the truck is the sound of profit,” Scott said as an 18-wheeler bellowed by. Scott said the new regulation comes in spite of a 40% reduction in serious accidents and fatalities involving truckers. ... Scott ended his tour at Geechie Seafood. He said he wasn’t advocating for no regulations, but he said the government should use common sense and good science in its regulations. Charleston Regional Business Journal
Rep. Kingston Calls On President Obama, Senate Democrats To Act On The House-Passed Bipartisan Jobs Bills. The House continued its efforts to help create jobs last week by focusing on legislation to remove regulatory obstacles to capital formation so small businesses can grow and create jobs. The bills, approved with bipartisan support, change and update Securities and Exchange Commission (SEC) regulations to promote, rather than hinder, small business access to equity financing. ... These bills are part of the House Republican Plan for America’s Job Creators and were contained in the fact sheet accompanying his jobs speech before a joint session of Congress earlier this year. They join more than 18 bipartisan jobs bills passed by the House and awaiting Senate action. While the House has been debating and passing bipartisan jobs bills the Administration thinks will help job growth, the White House is not lifting a finger to support them or get his allies in the Senate to put them to a vote. It is time to step away from the podium and step up to the plate of job creation. The House has come together to find common ground but we need the President and the Senate to join us. Savannah Morning News
• Sen. Thune Introduces House-Passed Small Business Jobs Bill In The Senate. Sen. John Thune introduced a bill Wednesday that he said would make it easier for businesses to raise capital. Thune, R-S.D., has sponsored the Access to Capital for Job Creators Act (S. 1831), which he said in a press release would reduce regulatory burdens facing small businesses by updating Securities and Exchange Commission (SEC) regulations. The House of Representatives passed the legislation 413-11 on Nov. 3. “Small businesses are the engines of our economy, but government red tape is currently preventing these businesses from creating even more jobs,” said Thune. The Daily Republic
Senate Republicans Force Vote On Regulatory Relief Measure Similar To House Passed Measure. Paul is invoking the Congressional Review Act, a rarely-used tactic that requires a simple majority to pass. That means the bar for passage is lower than the 60 votes needed to overcome a filibuster. And some Democrats — most likely from states with coal-fired power plants — can safely defect and side with Republicans. For the GOP, it’s another chance to press the Democratic majority on one of its major election-year issues — rolling back environmental regulations Republicans claim will kill jobs and harm the economy. The Republican-controlled House already has passed a bill that would nullify the cross-state pollution regulation. “Many regulations, including too many from the EPA, unnecessarily raise the cost of energy and other vital goods and services,” Sen. Lisa Murkowski, R-Alaska, said Wednesday, adding that she would vote in favor of the resolution. “While we all support responsible environmental regulation and want EPA to do its job, we also want to protect other vital national interests such as affordable and reliable energy and a sound economy.” ... Republicans say they are costly and unnecessary regulations that will jeopardize the reliability of electricity by shutting down some coal-fired power plants. The EPA estimates the rules will cost about $2.4 billion annually in 2014. The Associated Press
Dem Aide Admits House Democrat Actions Are “All Political.” House Democrats haven't won a single floor vote on a motion to recommit this year, but the defeats suit them just fine. Winning these votes on the floor is not this minority's stated goal. As one senior Democratic aide said, "MTRs are all political." Roll Call
The Headline The White House Didn’t Want. Obama's Waste-Cutting Won't Save Money USA Today