More Work to Be Done
The President's Six Point Plan for the Economy
There is still work to be done. The President will not be satisfied
until every American who wants a job can find one. While the most recent
economic data is cause to be optimistic, we cannot be complacent. That is
why the President will continue to push for his 6-point economic plan that
includes new actions to promote economic growth and jobs.
- Making Health Care Costs More Affordable and Predictable. President Bush
proposed allowing small businesses to pool together to purchase health coverage
for workers at lower rates; expanding medical savings accounts to give workers
more control over their health insurance and costs; and reducing frivolous and
excessive lawsuits against doctors and hospitals that drive up insurance costs
for workers and businesses.
- Reducing the Lawsuit Burden on Our Economy. President Bush has
proposed, and the House has approved, measures that would allow more
class action and mass tort lawsuits to be moved into Federal court - so
that trial lawyers will have a harder time shopping for a favorable court.
The President's reforms would also ensure that, in a class action lawsuit,
most of the benefits of a settlement will actually go to the people who were
injured, rather than into the pockets of trial lawyers.
- Ensuring an Affordable, Reliable Energy Supply. President Bush has
proposed a comprehensive national energy plan to upgrade the Nation's
electrical grid, promote energy efficiency, increase domestic energy
production, and provide enhanced conservation efforts, all while protecting
the environment. It is time for Congress to finish its work and pass
legislation based on the President's energy plan.
- Streamlining Regulations and Reporting Requirements. The President
will continue to work to simplify and streamline regulations, along with
ensuring that well-intentioned compliance requirements do not have the
unintended effect of reducing jobs. The Administration also recently
streamlined tax reporting requirements for small businesses, helping
2.6 million small businesses save 61 million hours of unproductive work this year.
- Opening New Markets for American Products. President Bush recently signed into
law new free trade agreements with Chile and Singapore that will enable U.S.
manufacturers to compete on a level playing field in these markets for the
first time - and he will continue to work to open new markets for American products.
- Enabling Families and Businesses to Plan for the Future with Confidence.
Right now, some key elements of the tax relief passed by Congress and signed into
law by President Bush - such as the tax rate reductions, the increase in the child
tax credit, the elimination of the death tax, and the new incentives for small
business investment - will expire in a few years. President Bush urges Congress
to make these vital tax reductions permanent so America's families and businesses
can better make decisions for their financial futures