On the Issues

Economy and Jobs

Rebuilding the economy of Georgia’s 2nd Congressional District and the nation is Congressman Bishop’s top priority.  Throughout his career in the United States House of Representatives, he has fought to create jobs, help unemployed workers struggling to find employment, provide tax relief for working American families and companies, eliminate the estate tax, and bolster the small business sector. 

Congressman Bishop hosted a Small Business Lending Forum in Albany, Georgia in August 2010, where constituents had the opportunity to learn about current lending and financing options available through the Small Business Administration.  He supported the Small Business Jobs and Credit Act of 2010, which would authorize the Secretary of the Treasury to establish a $30 billion Small Business Lending Fund to make capital investments in eligible community banks with assets less than $10 billion.  He also voted in favor of the Small Business Financing and Investment Act of 2009, which would increase the SBA’s loan guarantee limits for 7(a) and 504/CDC loans.

Congressman Bishop supported the Education Jobs and Medicaid Assistance Act, which provides $10 billion for aid to local school districts to prevent layoffs in elementary and secondary schools, saving an estimated 161,000 education jobs.  Failure to pass this legislation would have caused states to lose significant amounts of fiscal relief, leading to a loss of state jobs.  This legislation prevented the state from laying off more firefighters and police officers, cutting more services, raising taxes, and slowing down the economic recovery that is already underway.

Congressman Bishop supported the Jobs for Main Street Act, which includes a payroll tax holiday for businesses that hire unemployed workers, to create some 300,000 jobs and an income tax credit of $1,000 for businesses that retain these employees.

Congressman Bishop voted for the Credit Cardholders’ Bill of Rights, which will apply common-sense regulations to ban unfair rate increases and forbid abusive fees and penalties.

Congressman Bishop supported the American Recovery and Reinvestment Act (ARRA), which funds transportation and infrastructure upgrades and construction, health care initiatives, education assistance, housing aid, and energy efficiency upgrades.  The measure also contains personal and business tax cuts and includes tax provisions providing fiscal relief to the states.  As of December 31, 2010, the 2nd District has received over $566 million.  The impact of ARRA continues to be felt in every corner of southwest Georgia.  With these funds, new jobs are created and existing ones are saved.  The funding also will lead to the improving of drinking water, constructing new roads, bolstering rural health care infrastructure, strengthening schools, and improving the quality of life for all of the residents of the 2nd District.  All thirty-two counties in the 2nd District have received ARRA funds. 

Congressman Bishop joined a bipartisan majority of his colleagues in the U.S. House of Representatives in supporting H.R. 4105 (2012), legislation that protects American manufacturing jobs and exports by allowing the U.S. Department of Commerce to continue to apply countervailing duties in cases involving non-market economy nations like China and Vietnam.  

According to Congressman Bishop, “In order to create American jobs and build a sustainable economy, it is essential that Congress continues to pass vital measures such as H.R. 4105 that seek to protect our nation’s businesses and workers from unfair global trade practices.”

The economy of the 2nd District continues to benefit from relationships he has cultivated in Washington.  The Marine Corps Logistics Base in Albany was spared closure and jobs were saved due to Congressman Bishop’s efforts.

The Chattahoochee Valley area surrounding Columbus will see an influx of troops from Fort Knox and their families.  Congressman Bishop helped to secure $333.4 million for the Ft. Benning Maneuver Center of Excellence for BRAC and other related construction projects.  Ft. Benning contributes over $1.2 billion to the local Columbus economy annually and will have over 51,000 military and civilian jobs with the addition of the Armor School from Fort Knox.

Economy