Jobs & the Economy
Throughout the 117th Congress, House Democrats have partnered with President Biden to enact policies that expand economic opportunity for businesses, workers, and communities across America. Under President Biden and Congressional Democrats, the unemployment rate is at its lowest in more than 50 years with more than 10 million jobs created, helping more of our people get ahead in today’s economy and Make It In America.
Democrats pursue an economic agenda that helps American businesses create good-paying jobs and ensure that workers have the tools not only to get by but to get ahead in our global economy. From raising the minimum wage to providing skills training and apprenticeship opportunities to ensuring equal pay for equal work, from making childcare more affordable to making it easier to save for retirement, Democrats’ economic policies are aimed at helping workers and their families attain real economic security at every stage of life.
Democrats have also delivered historic legislation investing in infrastructure and greater access to high-speed internet, taking the lead in the clean-energy economy, and supporting innovation and entrepreneurship. The generational Bipartisan Infrastructure Law has already begun to expand economic opportunity for Americans in communities across the country and takes action to repair our nation’s roads, bridges, ports, and other infrastructure while creating nearly 1.5 million jobs annually over the next decade. It contains the first major American investment in climate resilience to help communities upgrade their critical infrastructure and mitigate the impact of climate change-driven extreme weather. Likewise, the Inflation Reduction Act also advances America’s clean energy goals, turbocharging clean energy research and transmission while promoting electric vehicle domestic manufacturing to reduce American dependence on gasoline while revitalizing our auto industry.
The CHIPS and Science Act includes bipartisan measures to revitalize the domestic semiconductor industry and spur research. By strengthening domestic supply chains, this law acts directly to accelerate American innovation in the long-term while acting immediately to address inflation and create good paying jobs. House Democrats will continue to champion skills training and education at every level – from early childhood learning through higher education – to prepare our people for success and advancement in a changing economy. In all of these efforts, Democrats will continue to look for ways to make access to opportunities more equitable and to combat the lingering effects of legalized discrimination that continue to make it harder for minorities to access credit for loans, seek investment capital for startups, and build wealth to pass on to the next generation.
With historic job creation under President Biden, House Democrats will continue to advance policies that expand economic opportunity for working families, support small businesses, and create better-paying jobs.
Republicans control the House, the Senate, and the White House, and they have a responsibility to govern and deliver results for the American people. Yet, over halfway through the year, Republicans have no major legislative accomplishments.
For President Trump to declare this to be 'Made in America' week is the epitome of hypocrisy and seeks to distract from his Administration's lack of an agenda.
While OMB Director Mick Mulvaney was touting “MAGAnomics” today, a look at news reports shows that the CBO analysis of Trump’s budget threw cold water on his claims that Trump’s policies will grow the economy:
For months, President Trump has tweeted and selectively touted jobs numbers and other economic news that reflected well on his Administration. But the New York Times’ Hopes of ‘Trump Bump’ for U.S. Economy Shrink as Growth Forecasts Fade paints a much more complex picture of the American economy in recovery.
With the Labor Department's report today that only 187,000 private sector jobs were added last month, the slowest June in four years, it is clear that our focus ought to be on ensuring that the momentum inherited from the Obama Administration isn't squandered.
Another day, another poll showing the majority of Americans oppose President Trump’s decision to withdraw from the Paris climate agreement.
In 2015, a majority of Republican Members joined every Democratic Member of the House to reauthorize the Export-Import Bank against an effort by some on the extreme right, including Rep. Scott Garrett, to shut down permanently this agency that directly helps U.S. businesses create jobs in America.
This week, House Republicans passed the Wrong Choice Act, which would dismantle consumer protections and allow Wall Street to engage in the same kind of risky practices that led to the financial crisis in 2008.
Thank you very much Ranking Member Waters who has done such a great job at protecting our consumers and our financial stability.