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Jobs & the Economy

Creating jobs and expanding economic opportunity continues to be Democrats’ top priority.

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.


Jobs & the Economy Related

As I said on the House floor, today was a very consequential day. We are facing a severe economic downturn, and it was crucial for Democrats and Republicans to come together to support the financial rescue plan put forward by President Bush and Secretary Paulson.
Hoyer and White House respond to vote on financial recovery package.

WASHINGTON, DC - House Majority Leader Steny H. Hoyer (MD) today spoke on the House Floor in support of the Emergency Economic Stabilization Act.
Emergency Economic Stabilization Act of 2008 and Adjournment Resolution.
The financial crisis we are facing would have repercussions far beyond Wall Street—it could endanger the economic security of millions. Crisis or not, we are facing an economic downturn that is very real, one that speaks poorly of the President’s economic stewardship.

WASHINGTON, DC - House Majority Leader Steny H.
It was imperative that the President explain to Americans, who are rightly frustrated, angry and resistant to offering up their tax dollars, why it is in their best interest to quickly, decisively and boldly respond to the financial crisis on Wall Street.
A flash-based graphical timeline that details the Republican party's failures while controling Washington.
President Bush called last week 'a pivotal moment' in the life of the American economy, and he’s absolutely right. Wild market fluctuations, bank failures, billion-dollar government bailouts—in the weeks and months to come, all of us, not least the people in this room, will be tested sorely.

WASHINGTON, DC - House Majority Leader Steny H. Hoyer (MD) released the following statement today on the proposal from the Bush Administration to address the financial crisis: