GOP Leaders Introduce New Job Growth Plan

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House Republicans unveiled a plan to increase job growth Thursday, renewing their commitment to help America get back on track economically.

The proposal is part two of the "Pledge to America" Republicans made after winning back the House of Representatives.

GOP lawmakers say the latest plan will reduce burdensome regulations, reform the tax code, expand energy production, and make the country more competitive

"It's not just about cutting spending, you also need to grow the economy," House Majority Leader Eric Cantor said.

"It'll remove government obstacles to private sector growth and the kind of real economic growth that the Obama stimulus proposed, but failed to deliver," House Speaker John Boehner, R-Ohio, added.

Conservative economists agree that a job growth agenda coupled with spending cuts will help to create a better environment for job creation.

"We need to turn back the anti-business policies of the past and embark on a growth agenda," Curtis Dubay, with the Heritage Foundation, said.

"That would include things like tax reform and getting rid of the some of the onerous regulations that are preventing businesses from creating jobs today," he said.

So far, the GOP blueprint doesn't include many specifics on what changes would be made. But Republicans say, unlike the Democrats' plan, their proposal isn't dependant on tax hikes to increase government revenue.

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