Letter: How threatening talk of government expansion slows economy and kills jobs
Small businesses across the United States are pulling back from expansion projects and are laying workers off due to fears regarding healthcare costs and higher taxes according to a telling article in last Wednesdayâ€™s Wall Street Journal.
By forestalling expansion projects, the economy slows from the pace it would have naturally been on had the Obama administration and those in Congress not been promoting healthcare reform in a way which has created massive uncertainty among those who are oftentimes most responsible for paying for healthcare. (Hint: theyâ€™re also the ones responsible for signing paychecks and creating jobs).
This is happening in 2009 in Washington, but itâ€™s no surprise for those of us in Illinois where weâ€™ve seenâ€”up close and personallyâ€”how the State of Illinois has frightened away jobs for years.
The resulting fear of significant government expansion helps to explain why Illinois finished 48th in economic performance over the last decade. After all, our two most recent governors have promoted large tax increases (Blagojevichâ€™s Gross Receipts Tax and Quinnâ€™s Income Tax Increase) after helping Illinois spending grow at a much faster pace than inflation and population growth.Â
Just the threat of tax hikes directly contributes to Illinois finishing 48th in job creation over that same decade. When employers sense higher costs, jobs are lost. However, when government is discussing tax cuts, which I support, the business can consider moving ahead with expansion and additional employment because they figure that taxes/expenses wonâ€™t be increasing.Â
Thereâ€™s more to the problem, but itâ€™s going to take the right solutions offered by the right leader turn it around here in Illinois.Â Thatâ€™s why I have chosen to run for officeâ€”our state needs help right now.
If you would like more information, please contact me at www.keithwheeler.net.
Keith Wheeler, Oswego
Candidate (R) State Rep. 50th District