WASHINGTON, D.C. – Congressman Eric Cantor (VA-07) today issued the following statement on the national jobs report for April:
"Today’s announcement is good news, and should serve as a reminder that the federal government must not prevent additional job creation and economic growth by raising taxes or imposing more onerous regulations. In addition, there is no doubt that high gas prices are hurting families across America. Skyrocketing gas prices are placing increased strain on already tight budgets and we are responding by passing legislation that maximizes energy production here at home, which will bring down gas prices and create jobs. With our unemployment rate still at 9%, it is clear that far too many people remain out of work, which is why House Republicans are squarely focused on making Washington a partner to job creators rather than a barrier by pursuing pro-growth measures such as comprehensive reform of our tax code, reducing trade barriers, and increasing domestic energy production. We are taking every step possible to foster economic growth and get people back to work – and that starts by creating an environment where businesses will start hiring and America can continue to innovate, compete and lead.
"Additionally, we know that the debt and deficit situation threatens the long term strength of our country and that is why House Republicans have passed a budget to begin to manage down our debt and address the big fiscal challenges we face. With regard to the upcoming debt limit vote, at a time when we borrow 40 cents of every dollar we spend, any move to raise the debt limit must be accompanied by immediate spending cuts and binding reforms so that we don’t continue to push our country down the road to bankruptcy. We need real cuts and real reforms today without raising taxes so that we can begin to get our fiscal house in order, boost the economy and get people back to work."