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Richard Blumenthal on Jobs

 


More job training and more R&D tax credits

Much of the debate focused on jobs. McMahon spoke of the need to provide businesses with "an environment of certainty" when it comes to regulations and taxes, so owners know whether they can risk hiring more workers.

Blumenthal said the government can do a better job providing financing and loans to businesses, as well as providing job training and targeted tax deductions for research and development, startup companies and firms that hire new workers. He also called for closing loopholes that allow U.S. companies to send jobs overseas.

McMahon, who used a clip from Blumenthal's response from an earlier debate about how to create a job, [in which Blumenthal stumbled over how government should be involved,] as a political ad, chided her opponent for improving his answer during this latest debate. "I'm very happy you have a notion on how to create jobs," McMahon said.

Source: NPR coverage of 2010 CT Senate debate , Oct 12, 2010

Contractors without health insurance aren't good jobs

McMahon said that as a businesswoman she is better able to represent the state in the U.S. Senate because she has experience creating jobs and Blumenthal doesn't. "Over the last 28 years, WWE has averaged creating 20 jobs a year, primarily in this state. And I can tell you that's what we need more of," McMahon said. "We need someone who knows how to create jobs in the private sector so that we can have an economic recovery."

"She talks about creating jobs," Blumenthal said. "Many of the jobs she's created at WWE have no health insurance, the wrestlers and others are hired as independent contractors." Blumenthal said the WWE is under investigation by the state for allegedly classifying wrestlers as independent contractors, denying health insurance benefits and dodging taxes. "Creating those kinds of jobs, without health insurance is certainly not something that I would brag about," he said.

Source: Connecticut Post coverage of 2010 CT Senate debate , Oct 7, 2010

Fight for job creation and aid to small businesses

As your Senator, I would fight for job creation and aid to small businesses -- the engines of employment growth. Jobs must be our priority to enable our middle class to be not only secure, but successful. We must provide expanded small business opportunity through payroll tax exemptions, tax credits and SBA programs. Progress must be made in elder care, child care, and continuing education.
Source: 2010 Senate campaign website, www.richardblumenthal.com/ , Mar 5, 2010

Raise the minimum wage to $10.10 per hour by 2016.

Blumenthal co-sponsored Minimum Wage Fairness Act

Congressional summary: Increases the federal minimum wage for employees to:

  1. $8.20 an hour beginning 6 months after enactment
  2. $9.15 an hour beginning 1 year later,
  3. $10.10 an hour beginning 2 years later, and
  4. an amount determined by increases in the Consumer Price Index, beginning annually after 3 years.

Proponent's argument in favor (RaiseTheMinimumWage.com): The federal minimum wage of $7.25 per hour remains decades out of date, and the federal minimum wage for tipped workers--$2.13 per hour--has not increased in over 20 years. The minimum wage of the past provided significantly more buying power than it does today. The minimum wage of $1.60 an hour in 1968 would be $10.56 today when adjusted for inflation.

Opponent's argument against: (Neil King in Wall Street Journal, Feb. 24, 2014): The CBO concluded that a jump in the minimum wage to $10.10 an hour could eliminate 500,000 jobs. For Republicans, the report provided ammunition that a higher minimum wage would kill jobs. Democrats pointed to the CBO's findings that the higher wage would lift 900,000 people out of poverty. But both sides missed a key finding: That a smaller hike from the current $7.25 to $9.00 an hour would cause almost no pain, and still lift 300,000 people out of poverty while raising the incomes of 7.6 million people.Congressional Budget Office report:: Once fully implemented, the $10.10 option would reduce total employment by about 500,000 workers, or 0.3%. Some people earning slightly more than $10.10 would also have higher earnings, due to the heightened demand for goods and services. The increased earnings for low-wage workers would total $31 billion. Accounting for all increases and decreases, overall real income would rise by $2 billion.

Source: S.1737 & H.R.1010 14-S1737 on Nov 19, 2013

Other candidates on Jobs: Richard Blumenthal on other issues:
CT Gubernatorial:
Dan Malloy
David Walker
Tom Foley
CT Senatorial:
Chris Murphy

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Page last updated: Aug 11, 2014