The Leader's Ledger

Posted by Brian Patrick on

Good morning,

Today, the House will begin consideration of the JOBS Act, bipartisan legislation that directly addresses the obstacles preventing our nation’s job creators, small businesses and entrepreneurs from growing and creating jobs. This morning, on FOX & Friends, Leader Cantor said, “Common sense says let's help small businesses start up again in America. People in America know that jobs do not come from decisions made in Washington. Jobs come from the decision of entrepreneurs and investors to go ahead and start creating businesses again. We've got a bill coming to the floor today, we'll vote on it tomorrow, which has bipartisan support and counters the President's notion that we need certain people to succeed and others not to. In fact, the White House has issued a statement of support to our JOBS Act, it’s the Jumpstart Our Business Startups bill. It removes red tape and allows entrepreneurs to get out from under the burdensome regulation that’s standing in the way of business startups in this country so we can see jobs created again.

Today In History: In 1876, 29-year-old Alexander Graham Bell received a patent for his revolutionary new invention--the telephone.

Birthdays: Rep. Elton Gallegly, Laura Prepon, Jenna Fischer, Rachel Weisz, Willard Scott, and Bryan Cranston

Here is what’s in today’s Ledger …

State Of Play: House To Vote on JOBS Act Tomorrow

House Republicans Focus On JOBS Act, Boosting Small Business and Entrepreneurs. House Republicans will try this week to get back on the political message they want, job creation, and they are getting some help from President Obama and the Senate Democratic leadership, who share the need to appear cooperative on legislation to boost hiring. … On Wednesday, the House is to begin debate on six minor measures to help small businesses raise capital and take their companies public, all packaged together under the title the JOBS Act, for Jumpstart Our Business Startups. For the first time perhaps since they took control of the House, Republicans are claiming the high ground of bipartisanship and compromise … On Tuesday, the White House released an official statement of administration policy urging House passage of the Republican bill, a rarity from a White House budget office that more often threatens to veto legislation pending before the House. … The JOBS Act centerpiece, drafted by two freshman representatives, Stephen Fincher, Republican of Tennessee, and John Carney, Democrat of Delaware, delays some Securities and Exchange Commission regulations and creates a category of “emerging growth companies” to lower the costs of initial public offerings for smaller firms. It passed the House Financial Services Committee 54 to 1. The New York Times

Leader Cantor: There Is A Window Of Opportunity To Pass The JOBS Act. “There seems to be a window of opportunity around our JOBS Act. It’s the Jumpstart Our Business Startups bill. This bill goes directly to the issue that is confounding small businessmen and women, entrepreneurs and investors. It's too difficult right now to start up a business, to retain and create jobs. What this bill does is it removes some of the red tape to allow entrepreneurial activity to flourish and investment to start so we can see jobs created.” CNBC

Cantor: The President Supports The JOBS Act, It’s Up To Senator Reid To Act. “It will be Harry Reid's job to answer and even answer the President. The President has issued his statement of support to the JOBS Act which will be voted on by the House tomorrow. I hope that Harry Reid will join us in the House and the President to pass the JOBS Act as quickly as possible. We can't wait, we've got to get small businesses back into the game. This is a bill that will help us do that…We've got a chance to actually produce some results for people looking for a growing economy, for people looking for a job. Let's get on board with the President, as well as the House, and get something done.” Fox & Friends



Speaker Boehner Welcomes President Obama’s Support For The JOBS Act, Calls On Senate Democrats To Act On House-Passed Bills. Having run a small business, I know how difficult it is to jump through bureaucratic hoops and put together the capital to take an idea and turn it into a business. That’s why I’m pleased to see the president begin to make good on our recent discussion at the White House by announcing his support for the bipartisan JOBS Act. President Obama should build on this bipartisan momentum by urging the Senate to act on the House-passed energy bills so we can address rising gas prices and help get our economy back to creating jobs. Press Release

Tom Stemberg (Founder Of Staples): Cantor Gets It – The JOBS Act Lessens The Regulatory Burden Facing Small Business, Makes It Easier For Them To Go Public and Create Jobs. Leader Cantor is one of the people in Washington who actually gets it, who understands things like Sarbanes-Oxley and some of its mandates and the Dodd-Frank Act create impediments to small business. Under this act, for example, you'll have to be a billion-dollar company before you have to fully comply with Sarbanes-Oxley. Which if you are a small company costs you a couple million dollars in the first year and over a million dollars each succeeding year. Putting an on ramp to that really makes it much easier for companies to go public versus to sell out to some big company. The companies who go public typically create more jobs than those sold to an IBM or an Oracle. This is a wonderful thing that the Leader is pursuing. CNBC

ObamaCare: Bipartisan Support Continues To Mount For IPAB Repeal

Committee Passes IPAB Repeal By Voice Vote, Bill Has 20 Democrat Co-Sponsors. Republicans insist their latest proposal, to scrap a 15-member panel tasked with finding Medicare savings, helps build their case that the entire law should be overturned. “I was really surprised, frankly, this morning with the amount of support we had for [the] repeal from the other side of the aisle for folks who actually voted for the bill in the first place,” Republican Policy Committee Chairman Tom Price (Ga.) said, noting the Energy and Commerce Committee’s voice-vote approval Tuesday to repeal the Independent Payment Advisory Board. The bill, sponsored by Rep. Phil Roe (R-Tenn.), has 20 Democratic co-sponsors and will be marked up Thursday in the Ways and Means Committee. It would overturn a provision that Republicans charge could lead to higher Medicare rates and rationing and that some Democrats, including Reps. Frank Pallone (N.J.) and Allyson Schwartz (Pa.), say undermines Congressional authority. … Schwartz, a co-sponsor of Roe’s bill, sent a letter to colleagues last year calling on them to support the repeal of IPAB, calling it a “flawed policy” that won’t contain costs. “Abdicating this responsibility, whether to insurance companies or an unelected commission, would undermine our ability to represent the needs of the seniors and disabled in our communities,” Schwartz said in the letter sent last April. Roll Call

Will Whip Hoyer Be The Next Democrat To Join The Bipartisan Effort To Repeal IPAB? “Obviously, there’s differences of opinion, as you know,” House Minority Whip Steny Hoyer said Tuesday during his weekly briefing with reporters. “This was a Senate provision, you understand. It was not in the House bill, and of course, we did not conference on the bill.” Roll Call

Expert: IPAB 'Absolutely Will' Lead to Rationing. At a hearing today on Capitol Hill, Illinois congressman Peter Roskam had this question for Scott Gottlieb, a resident fellow at the American Enterprise Institute: “Under IPAB, will healthcare providers ability to provide care to patients be affected by reimbursements being cut for particular services?” IPAB (the Independent Payment Advisory Board) is the fifteen-member board created by Obamacare to determine Medicare payments. “I think it absolutely will,” Gottlieb said in response to Roskam's question. …. Later, in the same testimony, Roskam asked the expert more directly about rationing: “Rationing as you know is not defined in the statute. Let me ask you this: can you have per se rationing based on what the Independent Payment Advisory Board makes decisions to reimburse?” “Sure, you’re going to have payment driven so low in some settings that certain services won’t be available. Physicians won’t be available to take patients,” said Gottlieb. The Weekly Standard

ROSKAM GETS RESULTS -- Watch Chief Deputy Whip Roskam Get Answers On How IPAB Will Lead To Rationed Care HERE and HERE

Keeping Tabs

Leader Cantor On CBS: There Is A Lack Of Leadership Coming From The White House On Iran. “We understand that Iran's quest for nuclear capability is a threat to U.S. interests in the Middle East and Central Asia region. It is an existential threat to our ally Israel. The problem that we're seeing is there's not a lot of certainty coming out of the President or the Administration on this issue. I recently returned from a visit to the Persian Gulf and visited with those countries there. The Arab governments are questioning the resolve of the White House and the Administration to do what needs to be done. It's not just the nuclear quest that Iran is on, it is its destabilizing acts throughout the region that America has just not been there the way it has before. That's the question of leadership that this President is facing because there are a lot of questions being cast on his leadership in that region.” CBS This Morning

As Gas Prices Continue To Climb, Republicans Turn Up The Heat On The Administration Over Its Failed Energy Policies. Pump prices have become a hot-button issue for lawmakers and candidates. House Republicans plan a hearing Wednesday on rising gas prices and Energy Secretary Steven Chu will face a separate House hearing Thursday. Mr. Chu has spent recent weeks softening his 2008 suggestion that gas prices should rise toward European levels to wean the nation off fossil fuels. …. Republicans on Capitol Hill say Mr. Obama has obstructed domestic oil and gas development, and they criticize the Department of Energy's loan-guarantee program for alternative energy, which invested taxpayer dollars in several companies that later went bankrupt. At one House hearing last week, Rep. James Sensenbrenner, a Wisconsin Republican, pointed the finger at the Energy Department's Mr. Chu. "The price of gas has gone up by 100% on your watch, and this is unacceptable," Mr. Sensenbrenner said. He pressed Mr. Chu to explain his seeming ambivalence about higher gas prices, including a statement earlier last week when he appeared to tell lawmakers that reducing gas prices wasn't the administration's policy. The Wall Street Journal

New Report Highlights Steps Policymakers Could Take To Boost Job Creation – Hint: They Look Similar To Ideas House Republicans Have Proposed. "There is a lot of interest in job creation and where jobs come from," says Michael Dell , founder of Dell Inc. and chairman of TCC, an advocacy organization in Washington, D.C., that promotes policies focused on innovation and technology advancement. Amid the political debate on how to spur hiring, the TCC report was released to legislators and the general public from the nation's capital. The report suggests that a series of policy changes, including removing immigration barriers for skilled workers and reforming the U.S. corporate tax system, could help U.S. entrepreneurs build their businesses and expand them more rapidly. …. Sweetgreen has grown to 11 locations in three states and the District of Columbia and has built a brand through Twitter, Facebook and other social media outlets. The management can change internal operations based on sale metrics that are accessible on their smartphones and tablets. Staying lean through technology has amounted to cost savings, which has allowed the company to create new jobs. "The biggest thing is throughput – how fast we can fulfill orders," Mr. Neman says. "With technology, we can double throughput at peak periods and hire more people because we have higher sales and are opening more restaurants." The Wall Street Journal

GOP Health Care Reforms