Jobs First plan would hold spending and taxes at current levels, suspend debt ceiling until unemployment reaches 6.5 percent
Former Governor Jon Huntsman and former Senator Evan Bayh will appear in a national television ad promoting plan for a political ceasefire
WASHINGTON, Sept. 27, 2013 /PRNewswire-USNewswire/ -- Today, No Labels announced a plan to end the constant string of manufactured crises that have weakened the American economy over the last several years.
Called the Jobs First plan, this proposal would put partisan budget battles on hold until the economy is growing more robustly. The plan would freeze spending and taxes at current levels until the unemployment rate reaches 6.5 percent. It would also suspend the debt ceiling until that point. Under the proposal, lawmakers would retain the flexibility to reform the tax code or replace sequestration with smarter, long-term fiscal solutions, provided those solutions are revenue neutral.
In the weeks ahead, former Governor Jon Huntsman and former Senator Evan Bayh will appear in a national television ad expressing their support for the Jobs First plan.
Watch the video here: http://www.youtube.com/watch?v=9bNjb6ciJno
"For too long, we've lurched from crisis to self-inflicted crisis," said former Governor Jon Huntsman. "Businesses can't operate under this constant cloud of uncertainty, and neither can the American people. No Labels' Jobs First plan is the first serious attempt to create a climate of certainty and allow sanity and common sense to prevail."
The Jobs First plan comes at a crucial moment in the economy. The Federal Reserve believes that the unemployment rate can fall to 6.5 percent as early as next year. Given that potential for progress, it is time for Congress to create stability for businesses and job creation.
"What we're proposing would put ideological differences and partisan posturing on hold until folks can get back to work growing businesses and creating jobs," said former Senator Evan Bayh. "Both parties today have strong ideological differences, and that's fine. But let's not tank the American economy over them."
No Labels is a group of Republicans and Democrats dedicated to promoting a new politics of problem solving in America. To arrange an interview with a No Labels co-founder, please contact Laura Phelps at email@example.com or (202) 588-1990. To learn more about No Labels please visit www.NoLabels.org.
Video with caption: "Former Governor Jon Huntsman and former Senator Evan Bayh appear in a national television ad expressing their support for the No Labels Jobs First plan calling on Congress for a ceasefire until unemployment is down to 6.5 percent." Video available at: http://www.youtube.com/watch?v=9bNjb6ciJno
SOURCE No Labels