House Republicans have their legislative marching orders for the summer, which includes passing legislation to shrink the size of government, to promote private sector job creation and to cut taxes as well as the price of gas.
In a memo to members last week, Majority Leader Eric Cantor (R-Va.) said tax cuts that are scheduled to expire in January as well as the coming medical device tax will have a negative impact on jobs. A vote has been scheduled for June to overturn the measure.
“Very little of what we do this summer will be able to offset the harm to small businesses if the largest tax increase in American history is allowed to go into effect Jan. 1, 2013,â? Cantor said in the memo. “Working families and small business should not be saddled with the uncertainty of a looming tax increase as they attempt to invest and grow for the remainder of this year.â?
Specially tailored bills will cut red tape, sell or transfer government land and modify restrictive land use designations.
Congress will vote on a bill to protect small business from government criminalization-a response to the August raid on Gibson Guitar for violating labor laws of another country in related to its import of unfinished wood. In July, the House will vote on Rep. Ron Paul’s (R-Texas) bill authorizing an audit of the Federal Reserve, and a measure to reform the U.S. Postal Service to keep it in business.
Finally, as the price of gas continues to act as a drag on an already sluggish economy, Cantor said a series of bills Congress will take up before Labor Day would encourage oil production on federal lands while cutting unnecessary red tape.