The Leader's Ledger

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The Supreme Court hearings on ObamaCare begin today with real consequences for working families, our nation's seniors and the job engines of our country: our nation's small businesses. The ability of small businesses to grow and create jobs is at the heart of the case against the President’s disastrous health care law. Right now, small businesses already face an uphill battle with Washington red tape and tax burdens, and ObamaCare adds more uncertainty to the equation, without doing anything to improve the quality or cost of health care in this country. We hope the court will act quickly to remove ObamaCare’s unconstitutional individual mandate. But in the meantime, House Republicans will continue to put forward solutions that will spur a thriving economy, so we can create an environment for job creation, growth and certainty for small businesses.


Today In History: In 1979, Earvin "Magic" Johnson led the Michigan State Spartans to a 75- 64 victory over Larry Bird’s Indiana State Sycamores in the NCAA men’s basketball championship game. The most watched college finale of its time, the game established Magic vs. Bird as a rivalry for the ages, and would catapult both players to NBA superstardom.

Birthdays: Rep. Jason Chaffetz, Nancy Pelosi, James Caan, Leonard Nimoy, Sandra Day O’Connor, Bob Woodward, Amy Smart, Keira Knightley and Larry Page

Here is what’s in today’s Ledger …


ObamaCare: SCOTUS Hearings Begin Today, Majority of Americans Still Oppose ObamaCare

Majority of Americans Still Oppose The President’s Health Care Law. House Majority Leader Eric Cantor (R-Va.) said the law is as wrong for the country now as it was when it was passed. “I said then and I will repeat again today, the American people want common sense health care reform, not an overhaul that will increase costs and reduce the quality of care,” Cantor said in a statement. “Today we know what many of us were warning of at the time: ObamaCare leaves the American people with a list of broken promises." … Surveys show the public remains sharply divided over the law two years after passage. An average of polls collected by Real Clear Politics found that 50.5 percent of Americans oppose the healthcare law. That's on par with the 50.4 percent who were opposed when Congress passed the law two years ago. The Hill

• NYT/CBS Poll: 47% of Americans Disapprove of Health Care Law. More Americans continue to disapprove of the federal health care legislation than support it, with a deep partisan divide underscoring their views, according to a New York Times/CBS News poll. Passed in 2010, the Affordable Care Act has never won the support of most Americans in surveys by The Times and CBS News, highlighting the Obama administration’s lack of success in winning over the general public to its signature domestic accomplishment. Republicans have maintained a steady drumbeat against the law on Capitol Hill and on the campaign trail. …The new poll, conducted last Wednesday through Sunday, finds that 36 percent of Americans approve of the health care law, while 47 percent are opposed. By nearly 2 to 1, those who say they strongly disapprove of the law outnumber those who strongly approve of the legislation. Sixteen percent have no opinion. …More independents agree with Republicans about the law than with Democrats, with 51 percent of these important swing voters saying they disapprove of it. New York Times

ObamaCare Discourages Job Creation, Increases The Deficit. At the margin, the ACA will probably discourage job creation, because mandated insurance raises the cost of hiring and the complexity of the 2,700-page law will intimidate some employers. Requiring younger workers to have expensive, comprehensive insurance (as opposed to catastrophic coverage) expands the undesirable inter-generational transfer from them to their wealthier elders. Finally, the ACA worsens the budget outlook…All these tax increases and savings might have been applied to the huge projected deficits that existed before the ACA was enacted. The administration resembled a homeowner who couldn’t afford the mortgage but scraped up money for an expensive renovation. And if the renovation’s costs are underestimated — or all the new money doesn’t materialize — the ACA will increase the deficit. Washington Post Op-Ed

NFIB’s Riley: Washington Can't Force Us To Buy Anything. Our members want reform that makes health care more accessible and more affordable, but this law is bad medicine. It's a deeply flawed piece of legislation that small-business owners don't want and can't afford. For starters, we believe the health-care law is unconstitutional. We believe the so-called individual mandate, which says citizens have to buy an approved health insurance policy or pay a penalty, oversteps the government's authority and violates the Commerce Clause of the U.S. Constitution. …Clearly, our health-care system is broken. Too many people don't have basic health insurance — more than 1 million in Virginia alone — but ObamaCare isn't the cure. In fact, if this unconstitutional health-care law is allowed to stand, it would make things even worse. Richmond Times-Dispatch Op-Ed

Budget Chairman Paul Ryan: We Need Patient-Centered Health Care Reform. “The President’s health care law caps Medicare spending, but he puts a board of fifteen unelected bureaucrats in charge of cutting Medicare in ways that deny care to current seniors. We say get rid of the board and put 50 million seniors in charge of their own Medicare instead of having these 15 bureaucrats making these decisions.” CBS’ Face The Nation

Senator Lindsey Graham: ObamaCare Went From Big F-ing Deal, To Big F-ing Mess For The Country. “I think a lot of Democrats hope that the law gets stricken down, that the mandate is ruled unconstitutional because the political issue sort of is watered down. I don't know what the court is going to do. From a political point of view, this is probably the centerpiece of the debate in the Fall, the proper role of government. Did ObamaCare live up to its billing the way it was passed in the dark of night behind the 60th vote, behind closed doors. The process was bad. The substance is going over like a lead balloon. You know, the vice president whispered to the president when they signed the bill two years ago, this is a big "f-ing" deal. Well, now it has become a big "f-ing" mess for the Democratic Party and the country as a whole. So the court could say that the power to tax, defined as a tax, and Obama could actually win the argument that the fine is really just a tax and we're going to tax you to create a centralized health care system. I think the public will not like the substance anymore if the Supreme Court agrees with the Obama Administration on the tax.” CNN’s State of The Union


The Economy: House Republicans Lead On Pro-Growth Policies To Spur Job Creation

House GOP Reaches Across The Aisle To Promote Jobs, While President Focuses On Campaigning. Republicans say they want to work with Obama on jobs — pointing to the bipartisan support for House Majority Leader Eric Cantor’s (R-Va.) JOBS Act reducing regulations on most startup companies, which the president embraced, as well as GOP efforts aimed at addressing gas prices. But they say the president already seems focused on his re-election campaign. “We welcome any White House assistance, but we’re not expecting much since they’ve already made clear in words and actions that the payroll bill was their last priority before shifting full-time to election mode,” said Brendan Buck, spokesman for Speaker John Boehner (R-Ohio). “They can campaign; we’ll keep governing.” Roll Call

• Cantor Leads The Way On Bipartisan Efforts To Spur Job Growth. Richmond's Eric Cantor, House majority leader, has led recent successful efforts to prove Republicans and Democrats can work together. President Barack Obama shares the credit. Cantor long has promoted small businesses and entrepreneurs. His Jumpstart Our Business Startups Act combines proposals by Congress and the White House; the House and the Senate have passed it by wide margins. The Stop Trading On Congressional Knowledge Act would bar legislators from profiting from inside information… And Cantor has introduced a 20 percent tax cut for small businesses. The proposal deserves speedy approval. Various signs point to an improving economy, although rising gasoline prices could slow growth. The tax cuts would encourage a sector essential to sustained prosperity. The JOBS and STOCK Acts suggest that cooperation is possible. Passage of the Cantor small business tax cuts would make it three. Richmond Times Dispatch

House Republicans Introduce 20% Tax Cut for Small Businesses. Jim Holton, owner of Mountain Town Station in Mount Pleasant, has served the central Michigan community as a restaurant owner for more than 15 years. "The beauty of the Small Business Tax Cut Act is its simplicity. If you are earning profits and contributing to the economy, then you can take 20 percent off your tax bill. No hoops to jump through. This is a great way for business owners like myself in the Great Lakes Bay Region and across America to help jumpstart our economy," Holton said. House Majority Leader Eric Cantor, R-Va., said the legislation is expected to come before the House of Representatives for a vote in mid-April, around Tax Day. "It doesn't matter how you are organized. It is money straight to the bottom line of the small businessman and woman to be able to retain more of the monies earned to be able to invest back in those businesses and create more jobs," said Cantor. Midland Daily News

Cantor Bill Seeks To Reduce Small-Business Taxes To Help Create More Jobs. "What the bill will do is it--bottom line--will put more revenues, more money into the hands of small business owners so that they can reinvest those funds to retain and create more jobs and to grow their business," Cantor said in a press release. He said about 22 million small businesses in the U.S. could take advantage of his proposed deduction. Under an example on Cantor's congressional website, if a business had $100 in income, and deducted 20 percent, it would then pay the 35 percent corporate tax rate on $80, rather than on $100. Fredericksburg Free Lance Star

Leader Cantor’s Small Business Tax Cut Act Gains Support From Small Businesses, Entrepreneurs, Doctors, Manufacturers. The Small Business Tax Cut Act is a simple, clear solution to help small businessmen and women grow their businesses and hire new workers, the bill’s supporters include: Academy of General Dentistry, American Academy of Periodontology, American Association of Orthodontists, American Dental Association, American Truckers Association, American Wholesale Marketers Association, Americans For Tax Reform, Associated General Contractors, Burger King, Coalition of Franchisee Associations, Forging Industry Association, Heating, Air-Conditioning & Refrigeration Distributors International (HARDI), Independent Electrical Contractors, Independent Insurance Agents & Brokers of America, Industrial Fasteners Association, Interlocking Concrete Pavement Institute, International Franchise Association, International Sign Association, National Association of Chemical Distributors, National Association of Home Builders, National Beer Wholesalers Association, National Council of Chain Restaurants, National Franchisee Association, National Precast Concrete Association, National Ready Mixed Concrete Association (NRMCA), National Solid Waste Management Association, National Stone, Sand and Gravel Association, Small Business and Entrepreneurship Council, Truck Renting and Leasing Association, Warehouse Logistics Association. Read More About The Small Business Tax Cut Act


The Road Ahead: House To Vote on Senate-Amended JOBS Act & GOP Budget This Week

Leader Cantor: Small Businesses & Startups Are The Lifeblood Of Innovation & Economic Growth. The House is set to clear legislation Tuesday that would loosen securities regulations, sending a bill to President Obama that supporters say will help create jobs by making it easier for some companies to raise capital. …“Small businesses and startup companies are the lifeblood of innovation and economic growth in our country,” House Majority Leader Eric Cantor, R-Va., said March 22, adding that he planned to “get this bipartisan jobs bill to the president’s desk for his signature without delay.” CQ

Chairman Ryan: We Have a Moral & Legal Obligation to Prevent America's Debt Crisis. “We have a moral and legal obligation to stop this debt crisis from happening. We have the most predictable economy crisis coming, and to ignore it is wrong. We think we owe the country solutions. We think we owe the country a path to prosperity, to get the American Idea back, to get people back to work, to get this debt under control. The President is making it worse, and the Senate hasn’t passed a budget in over 1,000 days. They’re not even trying to solve this problem. We have an obligation to put solutions on the table. People in America are ready to be talked to like adults. They don’t want to be pandered to like children. We owe the country a sharp, clear difference – a choice of two futures – so they can decide what kind of country we want to be, what kind of people we want to be in the 21st century. The President has us on a path to debt and decline. We owe the country an alternative path.” CBS’ Face The Nation


Off The Beaten Path

Cash Spills on the Highway: What Would You Do? AP

Weekend Report: 'The Hunger Games' Devours $155 Million Box Office Mojo

Mad Men Back on AMC: “Zoo Be Zoo Be Zoo” TIME Entertainment


 





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