Home > news > Press Releases

Press Releases

Ryan Talks Economic Growth in Lake Geneva

f t # e
March 25, 2016 | Ian Martorana (202-225-3031) | comments
Last week, Congressman Ryan spoke with local Wisconsin business owners and employees about the work of House Republicans on a bold agenda to restore a Confident America. His remarks focused on rebuilding the economy to provide Wisconsinites with good-paying, stable jobs. 

Assembling a bold, bottom-up agenda:

“What I’m doing is making sure that we go from just being an opposition party to a proposition party. And so our task forces are busy working and putting together our agenda that we’re going to take to the country and show you what we think is necessary."

Reforming the tax code:

“Number one, this tax code has got to be rewritten. We have a tax code that puts America in an extremely uncompetitive position. Johnson Controls is the one that everyone talks about these days. Because they’re buying Tyco so they can become an Irish company and their tax rate will be 12.5 percent instead of 35 percent. But it’s not just big companies like Johnson Controls. They’re a corporation. That’s 10 percent of Wisconsin businesses.”

“Ninety percent of Wisconsin businesses are not corporations. They file their taxes as people, as individuals. The top effective marginal tax rate in America today [for them] is now 44.6 percent. Drive to any industrial park in Wisconsin, and 9 out of 10 of those businesses paid their taxes this way. Manufacturers, retailers, service industries. Our friends overseas on the other side of Lake Superior tax all their businesses at 15 percent. So if you’re a Canadian manufacturer . . . you’re getting a 15 percent tax rate. If you’re Precision Metals, 44.6 percent. If we tax our job creators and our businesses at much higher tax rates than our foreign competitors, they win and we lose. We’ve got . . . to make America more competitive, and to make American companies stay American companies.”

Unleashing America’s energy potential:

“We’ve got to open up our energy markets. But for our government . . . we’re not taking advantage of it. We’ve got an opportunity. One law we did pass in December was we lifted the ban on exporting crude oil, so that America can become the number one producer and exporter of oil and gas. So that Europe, instead of having Putin dictate terms to them, can buy it from us . . . so that our friends can buy our oil and natural gas instead of having China mess with them.”

“Not only is it really good for our foreign policy, but it’s good for our jobs because then, when we go to the pump or we pay our electric bill, we’re not sending the money to Saudi Arabia. We’re not sending the money to OPEC. We’re not sending it to the Middle East. It’s going to North Dakota, Texas, it’s going into our own country. Thirty thousand jobs in this state alone are tied to this industry. They’re mining sand. They’re building pipelines. They’re making engines. So this is an enormous opportunity for us.”

Repealing and replacing the President’s health care law:

“The premium increases are out of sight. The deductibles are even higher. The choices are even fewer. This law isn’t working, and it’s going to blow up our budget. It is a big huge bankrupt system. So we’ve got to replace it with patient-centered healthcare. Let’s stop making it harder and harder for our employers to offer health insurance to their employees, and let’s stop cranking up the premiums of these bad laws.”

Moving from welfare to work:

“We’ve got a labor problem. They’re doing a good job in Wisconsin dealing with this. They’ve got some innovative ideas they’re putting together so that employers themselves can set up curriculums to be able to teach would-be employees the skills that they need so they can get good high-paying skills-based manufacturing jobs. We took a look at our job-training programs: 46 job training programs just coming out of Washington, spread across 9 different government bureaucracies. We consolidated these programs, got rid of the bureaucracies, and we’re sending the money back to the states to go to the person so that they can go into the education job market and go to Blackhawk Tech, or Gateway, or to an employer, whatever [Representative Voss] and the state legislature decide the job training system is to meet the skills gap in Wisconsin.”

“But here’s the other problem. We’ve got tens and tens of millions of people who are able-bodied in America, many people in Wisconsin who aren’t working. . . . We’ve got a lot of people on welfare in a system that, as well intended as our welfare system has been, it is a system that tells them don’t work. So if you ask, who’s paying the highest tax rate in America? You’re thinking you know it’s Aaron Rodgers, right? No. It’s actually the single mom making, you know, $24,000 in benefits with two kids, who will lose 80 cents on the dollar by taking a job. Or if she’s got a job and is making minimum wage and she’s got two kids and she gets offered, you know, a raise and a better promotion she’ll lose 90 cents on the dollar going up from minimum wage. So we’ve got to fix our welfare system to make it always pay to work, to make it easier to transition to work, to help people with the soft skills and the hard skills and the educational skills they need to go get a job.”

Restoring the Constitution:

“We have a principle that we’re a self-governing people, and that we believe in government by consent of the governed. If we don’t consent with our government then we will fire these people who write these laws and hire new people at the ballot box to write better laws, because the government is supposed to work for us, not the other way around. That’s the whole concept. What has emerged over years and has accelerated tremendously in the last few years is this new fourth branch of government. Unelected bureaucrats, career bureaucrats in Washington agencies are effectively writing the laws that we experience through rules and regulations.”

“So anybody in the investment or advising industry, you ever heard of the fiduciary rule? Anybody in agriculture, you ever heard of waters of the USA? Anybody involved in franchised business, Ace Hardware or Culvers? You ever heard of the new labor rule on that? All these new rules are coming out that affect exactly how this economy works, how our businesses operate, the kinds of fees we pay, the kind of costs we incur . . . our economy, and our businesses are being written by people who you never vote for, who never face election.”

“All these major rules need to come back to Congress, the law writers, for a final vote of approval and amendment for this rule before they go under effect. They do something like this in Madison. Thirty-two state legislatures do this; it’s not a novel idea. Because what we want is a government that is actually accountable to the people. What we want are laws that are written by representatives of the people so that [if] the people don’t like the laws that are written or living under, they themselves can change them. That is not what’s happening.”
f t # e