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Camp Statement on July Jobs Report

August 03, 2012

Washington, DC – Today, Ways and Means Chairman Dave Camp (R-MI) released the following statement in reaction to the July jobs report from the U.S. Department of Labor.  A net total of 163,000 jobs were created, and the unemployment rate for July increased to 8.3 percent.  This marks the 42nd consecutive month that the U.S. unemployment rate has been above 8 percent, a level the Obama Administration promised the U.S. would not reach if its trillion-dollar 2009 stimulus plan became law.

“Today’s disappointing jobs numbers only further underscore the need for job-creating, comprehensive tax reform.  Congress was presented with a choice this week: a Democrat plan to raise taxes on small businesses that would eliminate over 700,000 American jobs, or a Republican plan to make the tax code simpler and fairer and create over 1 million jobs in the first year alone.  With the economy still fragile and struggling to create jobs, it is well past time for Democrats to drop their push for job-killing tax increases and join with Republicans to stop the tax hike and enact comprehensive tax reform to get almost the 13 million unemployed Americans back to work.” 

Source: Department of Labor unemployment rate data and Obama Administration projections.