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America Needs to Become a 'Pro-Growth' Economy

Friday, 10 Jun 2011 | 2:25 PM ET

The United States is "anti-business," and that's going to be a serious problem for the future in this country, Jim Gilmore of the Free Congress Foundation, told CNBC Friday

"They're the people that are creating the jobs," the president and CEO of the non-partisan think tank and advocacy organization said of the private sector.

Located in North Charleston, S.C., the Charleston site consists of Boeing Charleston and Global Aeronautica. These facilities perform fabrication, assembly, and integration of 787 fuselage sections.
Source: boeing.com
Located in North Charleston, S.C., the Charleston site consists of Boeing Charleston and Global Aeronautica. These facilities perform fabrication, assembly, and integration of 787 fuselage sections.

Gilmore, a former governor of Virginia, stressed the American economy needs to be "pro-growth." The situation involving Boeing putting an assembly plant in South Carolina, a right-to-work state, is contrary to that.

Under the right-to-work law, no person can be compelled, as a condition of employment, to join or not to join or to pay dues to a labor union.

On June 17 a Republican-led U.S. House committee plans to hold a hearing in South Carolina on the National Labor Relations Board's suit alleging Boeing retaliated against Washington state union workers by building an assembly plant in this southern, right-to-work state.

Obama's Double Talk on Jobs
Discussing whether organized labor or political policy is hampering job creation, with Jim Gilmore, Free Congress Foundation president/CEO & former Virginia governor.

"If the government policy of the United States is to balkanize the country and to lock in capital and labor and everything just into one particular area or state, that's really bad for the recovery of the economy," Gilmore explained.

In order to change to a more "pro-growth" country, he added, "you got to be able to expense investment quicker so that people are encouraged to invest in this country."

"Historically, investment in this country is down relative to the way it has been in the past 50 years," Gilmore said. The U.S. needs to be able to bring money back "for investment in the United States instead of driving it offshore."

In addition, Gilmore said re-simplifying the federal tax code could "supercharge the growth in this country and get this unemployment rate down."

"We at the Free Congress Foundation believe growth is the answer and we're going to be pushing a strong growth program," Gilmore concluded.

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