Jobs & Economy

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  • Tax Increases Alone Won’t Avert Fiscal Cliff
    Posted in Weekly Columns on November 28, 2012 | Preview rr
    Tags: Taxes, Jobs & Economy

    Tennesseans could wake up to find a lump of coal in their stockings if the fiscal cliff isn’t addressed before the holidays. According to a new report from the White House, taxes on middle class families will increase by $2,200 per year, resulting in a loss of $200 billion in consumer spending, if the fiscal cliff is not addressed. Similarly, the Organization for Economic Cooperation and Development stated that, if not avoided, the fiscal cliff could lead to a global recession. This very serious... Read more

  • President Praises September Jobs Report While Impending Fiscal Cliff Threatens Economic Growth
    Posted in Weekly Columns on October 10, 2012 | Preview rr
    Tags: Jobs & Economy

    The International Monetary Fund (IMF) revised its World Economic Outlook on Tuesday, which found that our already sluggish economic growth has further slowed. Carlo Cottaralli, director of IMF’s fiscal affairs department, said in an interview that the automatic spending cuts and tax hikes set to take effect in January, which has been referred to as the “fiscal cliff” by some, would be “very negative and very bad for the U.S. economy.” Cottaralli went on to suggest that if America fails to adopt ... Read more

  • Roe Votes to Preserve Welfare Work Requirement
    Posted in Press Releases on September 20, 2012 | Preview rr
    Tags: Budget, Jobs & Economy

    Roe Votes to Preserve Welfare Work Requirement WASHINGTON D.C. – Today, Congressman Phil Roe, M.D. (TN-01) released the following statement in support of H.J. Res 118, a resolution expressing Congress’s disapproval of the Obama administration’s attempt to waive the work requirement for welfare included in the Temporary Assistance for Needy Families (TANF) program: “This resolution will express Congress’s disapproval of the Obama administration’s attempt at weakening bipartisan welfare reform and... Read more

  • Roe Recognized as Guardian of Small Business by NFIB
    Posted in Press Releases on September 13, 2012 | Preview rr
    Tags: Jobs & Economy

    WASHINGTON, DC – Today, Congressman Phil Roe, M.D. (TN-01) was recognized as a Guardian of Small Business by the National Federation of Independent Business (NFIB), the nation’s leading small business association. Roe was among the 292 members of Congress receiving the Guardian award for an outstanding voting record on behalf of America’s small business owners in the 112th Congress. “Supporting small businesses in East Tennessee has been a priority for me since being elected to Congress. I am ho... Read more

  • Deficit Day Sounds Alarm on “Tax, Borrow and Spend”
    Posted in Weekly Columns on September 12, 2012 | Preview rr
    Tags: Budget, Jobs & Economy

    According to the 2011 Financial Security Index, 58 percent of Americans track their spending against a monthly budget. What if this was the case for the federal government? James Harrigan from the Institute of Political Economy at Utah State University and Antony Davies from Duquesne University posed that question in an op-ed published in Real Clear Markets. Harrigan and Davies state “if the federal government were to spend the same amount of money each day starting on January 1, it would run th... Read more

  • Roe Statement on Latest Unemployment Numbers
    Posted in Press Releases on September 7, 2012 | Preview rr
    Tags: Jobs & Economy

    WASHINGTON, D.C. – Today, Congressman Phil Roe, M.D. (TN-01) released the following statement on the unemployment numbers released by the Bureau of Labor Statistics for the month of August: “August marks the 43rd month in a row that unemployment has been above 8 percent. This is unacceptable, and a far cry from the economic recovery the president believes to be underway. We are not ‘doing fine.’ “The workforce has now dropped to its lowest level in 31 years because people have stopped looking fo... Read more

  • Labor Day Forecast Bleak for Unemployed
    Posted in Weekly Columns on August 29, 2012 | Preview rr
    Tags: Taxes, Budget, Jobs & Economy

    Next Monday we observe Labor Day. This federal holiday originated as a day to pay tribute to the contributions of the American worker and their achievements. Unfortunately, this Labor Day will not be a day filled with picnics and parades for the 8.3% of Americans that are unemployed. Still, President Obama states that the private sector is “doing fine” while the unemployment lines get longer and longer. It is painfully clear just how out of touch the president is with both the workers of our cou... Read more

  • Domestic Energy Production Can Pave Road to Lower Unemployment
    Posted in Weekly Columns on August 15, 2012 | Preview rr
    Tags: Jobs & Economy, Energy

    July marked the 42nd consecutive month that unemployment has been at or above 8 percent on the president’s watch, according to a Bureau of Labor Statistics report. The labor force participation rate, which measures individuals working or looking for work, remained low in July with many Americans giving up on finding a job. If the percentage of those looking for work were as high today as at the beginning of the recession, unemployment would be a staggering 11.5 percent. These troubling numbers a... Read more

  • Congress Still Has Work to Do
    Posted in Weekly Columns on August 1, 2012 | Preview rr
    Tags: Taxes, Budget, Jobs & Economy

    In the coming months, our country is facing crucial decisions that will determine how soon we can be put back on a path to prosperity. Unless President Obama and the Democrat-controlled Senate put politics aside, our businesses and job creators will continue to face economic uncertainty and a tax hike that threatens to eat up the capital that could be used to keep Americans employed. Because of sequestration, an automatic $98 billion across-the-board budget cut is set to take effect on January 1... Read more

  • Roe Statement on the Sequestration Transparency Act
    Posted in Press Releases on July 16, 2012 | Preview rr
    Tags: Budget, Defense, Jobs & Economy

    WASHINGTON D.C. – Today, U.S. Congressman Phil Roe, M.D. (TN-01) released the following statement on passage of the bipartisan H.R. 5872, the Sequestration Transparency Act of 2012: “Passage of the bipartisan Sequestration Transparency Act will direct the administration to detail exactly how scheduled sequestration cuts will impact the Department of Defense. Passage of the legislation reaffirms our commitment to our troops and our national security. The automatic cuts set to take effect in Janua... Read more