Nov 15 2011
By Senator Chris Coons and Senator Marco Rubio
November 15, 2011
As freshman senators from states hit hard by the recession, we believe Congress can’t afford to spend the next year spinning its wheels — scoring political points in a debate that is more about protecting political jobs in 2012 elections than getting the jobless back to work. We should unite behind policy ideas we all agree on and that would likely be signed into law if we stop letting politics get in the way.
Today we are introducing legislation that includes some of these ideas. Our bill would extend tax relief for small businesses — to help them purchase new equipment so they can grow and create jobs. It includes modernizing and improving the research and development tax credit; encouraging hiring of returning veterans and reforming burdensome regulations.
It will take steps toward boosting high-skilled legal immigration, so we can attract and retain talented individuals with extraordinary capacities, to create high-paying jobs in America. It will also protect our businesses against the illegal theft of intellectual property, with strict enforcement of laws already on the books.
Our plan borrows heavily from legislation introduced by both parties and in both chambers of Congress — Republicans in the House, and Democrats in the Senate. All the provisions have garnered bipartisan support in today’s political climate, and all would help encourage job creation today.
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