News / USA

US Chamber Outlines Plan to Create 20 Million Jobs

US worker
US worker

Multimedia

The largest business federation in the United States is calling on leaders in government, business and labor to unite around an ambitious goal of creating 20 million jobs over the next decade.  In his annual state of American business address Tuesday in Washington , U.S. Chamber of Commerce President Thomas Donohue noted encouraging signs for American businesses in 2010 but said the biggest obstacle is "uncertainty."

Despite signs of a gradually improving economy, job growth continues to lag in the U.S.  Unemployment remains high at 10 percent - after the economy shed another 85,000 jobs last month. 

U.S. Chamber of Commerce President Thomas Donohue says the reason is obvious: uncertainty is causing large and small businesses to think twice before hiring new workers. "If you were in their shoes today, would you jump quickly into new investments and hiring?  Or would you wait for some clarity and common sense to take hold first?," he said.

At the Chamber's annual state of American business address, Donohue outlined what he called an "achievable plan" to create 20 million jobs in 10 years.  The five point plan includes expanding U.S. exports around the world, rebuilding the nation's infrastructure and maintaining taxes at current levels. 

Donohue says introducing new taxes now would further slow economic growth, or worse, bring about another period of decline. "Congress, the administration and the states must recognize that out weak economy simply could not sustain all these new taxes, regulations and mandates now under consideration.  It's a surefire [certain] recipe for a double-dip recession, or worse," he said.

Donohue was particularly harsh over a proposal by the White House to tax bank transactions in order to recoup some of the money used to bail out troubled banks. Donohue said it was a bad idea because the costs would simply be passed on to consumers. "There are so many unintended circumstances when you try and 'gerrymander' [redrawing boundaries to gain political advantage] the economic system to try and meet your political objectives.  It's a bad idea.  Fortunately, the congress would have to approve this," he said.

Donohue's speech comes as President Obama prepares to deliver his first state of the union address and Congress considers additional stimulus measures to create new jobs.

You May Like

Video On the Scene: In Gaza, Darkness Brings Dread and Death

Palestinians fear nighttime raids, many feel abandoned by outside world, VOA's Scott Bobb reports More

African Small Farmers Could Be Key to Ending Food Insecurity

Experts say providing access to microloans, crop insurance, better storage facilities, irrigation, road systems and market information could enable greater production More

University of Michigan Wins Solar Car Race

Squad guided its student-designed solar-powered vehicle to fifth consecutive time victory in eight-day bi-annual American Solar Challenge More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Vietnamese Staging Chinese Product Boycott After Oil Rig Spati
X
Reasey Poch
July 28, 2014 7:18 PM
China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video Vietnamese Staging Chinese Product Boycott After Oil Rig Spat

China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video ESA Spacecraft to Land on a Comet

After a long flight through deep space, a European Space Agency probe is finally approaching its target -- a comet millions of kilometers away from earth. Scientists say the mission may lead to some startling discoveries about the origins of the water on earth. VOA’s George Putic has more.
Video

Video Young Africans Arrive in US for Leadership Program

President Barack Obama's Young African Leadership Initiative has brought hundreds of young Africans to the United States for a six-week program aimed at building their knowledge and skills in fields such as public administration and business. Out of the 50,000 young Africans who applied for the program, just one percent was accepted. VOA's Laurel Bowman caught up with some of those who made the cut and has this report.
Video

Video In Honduras, Amnesty Rumors Fuel US Migration Surges

False rumors in Central America are fueling the current surge of undocumented young people being apprehended at the U.S. border. The inaccurate claims suggest the U.S. will give amnesty to young migrants from the region. As VOA's Brian Padden reports from Honduras, these rumors trace back to President Obama's 2012 executive order to halt deportations for some young undocumented immigrants already living in the United States.
Video

Video Students in Business for Themselves

They're only high school students, but they are making accessories for shoes, fabricating backpacks and doing product photography - all through their own businesses. It's the result of a partnership between a non-profit organization that teaches entrepreneurship and their schools. VOA's Mike O'Sullivan and Deyane Moses met the budding entrepreneurs near Los Angeles.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.

AppleAndroid