For Immediate Release
Statement by Young Republican National Federation Chairman Dennis Cook on the CNBC Republican Debate
October 29, 2015
The following is a statement issued by Young Republican National Federation (YRNF) Chairman Dennis Cook, in response to the “Your Money, Your Vote” Republican primary debate on CNBC:
“The debate focused on one of the most fundamental issues to the Young Republican National Federation (YRNF) and its members: the economy. Voters in the Millennial generation have never experienced a robust economy. Instead they face crippling student debt, a restricted job market and lower wages. Many young Americans have to put off getting married, buying their first home, or continuing their education; problems their parents never imagined. Fixing the economy and creating jobs are a priority for voters under 40, and it must be a priority for the Republican party as well.
“CNBC titled the debate ‘Your Money, Your Vote’ to spotlight Republican solutions to our financial problems which impact all Americans, regardless of political affiliation. These issues specifically weigh on younger constituents. What we saw from the candidates showed that the GOP field has a wide range of common sense solutions to combat the problems created by Democrats in the past seven years.
“The Republicans on stage last night advocated responsibility and a balanced budget. Just like young voters who must make sacrifices in their personal finances, the next President needs to find a way to cut costs and reign in rampant spending.
“Democrats want to keep these free money policies going, ignoring the consequences. Will any voter under 40 ever get the Social Security they paid into? Not according to the 2015 Social Security Administration’s annual report which says that expenditures have exceeded income for the past years. Commonsense reforms have to happen now if the current young labor force hopes to benefit. Republicans are open to having a conversation about solutions and we applaud this kind of thinking about not only our own, but future generations.
“Our presidential candidates also understand how desperately our country needs tax reform. Millennials are an entrepreneurial generation, yet taxes and regulations make that difficult. Democrats talk about wanting to help those trying to escape poverty while they support a government that actively restricts small and medium businesses. Liberals argue for limitations on the American dream, but the Republican candidates we saw promoted fair tax policies, transparency, and an end to the loopholes that really cause inequality.
“Progressive policies haven’t harmed lawmakers in D.C., instead they’ve targeted the futures of millennials. The labor force participation rate is now 62.4%, the lowest since the Carter administration when many of us weren’t even alive.During the debate, Republicans made clear what steps have to be taken to fix this: responsible spending balanced with a simplified tax code, a level playing field for small businesses and forward thinking on preserving the dreams of young Americans.”