Friday, October 19, 2012

De-constructing My Opponent’s Plan for Job Growth


My opponent has a five-point plan for job growth. With the exception of her fifth point, they all require more government. All five points have serious flaws.

1. The HIRE Colorado Plan

This is a bill that was defeated last year in the Colorado Assembly. It would give in-state contractors a 5% preference on State contracts. And while it sounds good, it would raise the price of State contracts by 5%. That would directly cut into funding that would otherwise be available for education, transportation, the criminal justice system, and other priorities.

Colorado law already requires 80% Colorado residents on State and local projects. The HIRE act adds costs with negligible benefits. In fact, it may cost jobs.

Colorado’s contractors don’t just depend on in-state contracts – many also work out of state. If Colorado enacts protectionist schemes, other states are likely to retaliate. Our contractors that work with other states will lose out. Business groups have spoken out against this plan, including Associated General Contractors, Colorado Concern, and National Federation of Independent Businesses.

2. Innovation Investment Tax Credit

Although my opponent has offered few details, this is apparently a scheme whereby your tax dollars are funneled through inefficient government to companies that unelected bureaucrats deem to be sufficiently “innovative” as to require additional funding. We should always keep in mind that if a company needs a subsidy, it probably doesn’t deserve it. And if it doesn’t need it, why should we provide it? This is exactly the sort of scheme that resulted in the Solyndra debacle, which cost taxpayers over a half billion dollars and ended 1200 jobs. In our free market system, customers (not governments) reward innovators.

After a search of her voting record, this is the first example I could find of her supporting any kind of a tax reduction. This is nothing more than corporate welfare and an awful attempt to buy votes with taxpayer dollars.

3.  Government operated micro-loan fund

This is another scheme whereby government will take over, in the form of lending, the functions of private enterprise and free markets.  Government is not qualified to determine what is a good investment, and what is not. If they choose poorly, taxpayers (you and I) lose.

There is no doubt that small business start-ups are having a difficult time accessing loans. Private lenders are rightfully nervous about lending money in these economic conditions. More importantly, they are nervous about lending money to a business that will see ever increasing compliance costs because of ever increasing laws, regulations, and taxes on businesses.

The solution is to reduce government burdens on businesses and create a stable regulation and tax environment, one that will excite private investment in a truly free market.

4. STEM Education

My opponent wants to “invest in our classrooms to create a stronger focus on science, technology, engineering and math (STEM),” ostensibly to create more jobs. While that is a noble goal, it is not a jobs program. It is a top–down, government-oriented wish-list item that takes control away from parents, teachers, and school boards. Parents should find her desire to control their classrooms particularly troubling.

Government mandates on education reduce parental involvement because choices are eliminated. The solution for better education is to offer parents more voice and choice, and to provide an equal opportunity for an excellent education for all Colorado children. My opponent offers neither.

My opponent has sat on the House Education Committee for six years. She has been ineffective at making meaningful reforms in all that time. In fact, she has fought important reforms. To complicate matters, she has never demonstrated any sense of responsibility with our tax dollars. Instead of restraining spending to better fund our priorities and make investments in education possible, she promotes tax and spending increases.

Her plan to create jobs by improving education is too little, too late.

5. Common Sense Solutions

This bit of populism can only lead one to ask, “Where was common sense in her first six years at the legislature?” Common sense is not a plan, but it is an attribute that my opponent has been sorely lacking in the last six years.

The Wrong Choice

My opponent, in her six years as a state representative, has voted consistently against small businesses, workers, parents, students, and teachers. Her plan for the next two years will cause more harm than good.

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