Jobs and Economy

While Democrats are focused on ensuring working families can Make It In America, President Trump has failed to take action to create jobs or strengthen our economy.
Make It In America hearing

Creating jobs and rebuilding our economy continues to be Democrats’ top priority.  Even as our economy recovers, too many Americans are not seeing that recovery in their daily lives. That has to change, and that’s why Democrats are fighting for a better deal for middle class families and small businesses.  We are pursuing a Make It In America plan to address the current economic challenges facing working families by investing in three core areas: education, to ensure all Americans have the skills needed to get good-paying jobs; infrastructure, which will create jobs and better connect communities by repairing roads and bridges and expanding high-speed internet access; and entrepreneurship, to encourage Americans to start their own businesses by streamlining regulations, providing access to affordable health care and retirement savings, and increasing access to credit and loans..

Rather than work with Democrats to build on the economic progress made under the Obama Administration, President Trump has failed to put forward a single jobs bill. He hasn’t taken action to support job creation, and in fact, his budget would slash investments in infrastructure, education, research, and other areas that support job creation. Forecasters have lowered growth estimates; despite promises to the contrary, companies like Ford and Carrier are shipping jobs overseas; and 2017 saw the first four consecutive months since 2012 of the economy adding fewer than 200,000 new private sector jobs.

In contrast, Democrats have a strong record of job creation. In 2009, when faced with the deepest recession in generations, Democrats passed the American Recovery and Reinvestment Act, which cut taxes for 95% of American families and led the way to 2,562,000 new private sector jobs by the end of his term.  Democrats also enacted Wall Street reform legislation that restored common sense rules to protect families and our economy from the excesses of big banks and help prevent a financial collapse from happening again.  This law, the Wall Street Reform and Consumer Protection Act, aims to protect middle class Americans by increasing consumer protections and preventing taxpayers from having to bailout financial institutions. Today, Congressional Republicans are undermining the Consumer Financial Protection Bureau, which works to protect consumers following the financial crisis. Democrats will continue to defend the work of the CFPB as Republicans seek to strip away these protections.

Democrats believe that small businesses are the backbone of our economy, working to grow and create jobs.  Democrats have pushed for legislation to prevent multinational corporations from outsourcing jobs overseas, while giving tax credits to businesses who hire new employees here in the United States, as well as restore the flow of credit to small businesses so they can grow and create jobs, and extend the research and development tax credit that encourages innovation and job creation.

Jobs and Economy Related
While reflective of a resilient economy, the November jobs report was weaker than expected, driven in part by uncertainty due to trade and the realization that any short term benefit of the GOP tax cut has already worn off.  
12/7/18
In the last jobs report before the midterm election, Americans can see the fundamental challenges facing our economy.  As we reach ninety-seven consecutive months of job growth, it is clear the economy is strong on many fronts.
11/2/18
Today’s announcement by the Trump Administration that the federal deficit rose 17% to reach $779 billion in fiscal year 2018 is the direct result of a Republican-led Congress and White House choosing to provide massive tax breaks to the wealthiest Americans.
10/15/18
We should all be encouraged by today’s report that our economy added 134,000 jobs in September. It is another sign of a sustained recovery that has added jobs every month for eight consecutive years.
10/5/18
The August jobs report continues to show an economy plagued by deep structural challenges, the result of which are stagnant wages, uncertainty for small businesses, and a generation of American workers unable to get ahead.
9/7/18
House Republicans could have worked with Democrats to pass a bipartisan Farm Bill that provides certainty for America’s farmers and supports programs that combat hunger.
9/6/18
On Monday, Americans will celebrate the workers’ rights victories that enabled generations of our people to make it in America.  Without the activism of organized labor and the perseverance of millions of workers, our nation would not have the most powerful economy in the world and sustain the growth of our middle class.
9/3/18
This morning’s monthly jobs report from the Bureau of Labor Statistics continues to reveal structural problems negatively affecting workers, small businesses, and long-term economic growth.  
8/3/18
While Democrats support smart trade enforcement, President Trump’s ham-handed approach is hurting Americans instead. The New York Times has some helpful charts today that show just how much the President’s trade war is costing families across the country. Take a look:
 
7/13/18
In his inaugural address, the President promised the American people: “Every decision on trade, on taxes, on immigration, on foreign affairs, will be made to benefit American workers and American families… We will bring back our jobs. We will bring back our borders. We will bring back our wealth. And we will bring back our dreams.”
7/12/18
Thank you, Jan, thank you Jan Schakowsky, a warrior for working people in our country, who stands up all the time, not just some times, not just in the sunshine, but all the time, even in the dark days on behalf of working men and women in this country, Congresswoman Jan Schakowsky.
7/2/18
We’re all for smart enforcement actions against unfair trade practices, but President Trump’s actions to date have completely missed the mark.
6/26/18