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
For the first time in nearly three years, we saw average hourly earnings drop last month. While the number of jobs added last month is positive, we cannot overlook the importance of this point.
Today, Democratic Whip Steny H. Hoyer (D-MD) sent a letter to Senator Mike Crapo (R-ID), Chairman of the Senate Banking Committee, formally requesting an opportunity to provide testimony against former Rep. Scott Garrett’s nomination to serve as President of the Export-Import Bank and Chairman of its Board. 
While much of the loss of 40,000 private sector jobs last month can be attributed to the recent hurricanes that devastated parts of Texas, Florida, the U.S. Virgin Islands, and Puerto Rico, the end of a record streak of eighty-eight months of private sector job growth clearly shows the fragility of our economy.
It has now been more than five months since you announced Mr. Garrett’s pick

The task forces launched today by the House Democratic Caucus will help House Democrats develop policies to ensure better jobs, better wages, and a better future for the American people. 


At this time, the Export-Import Bank doesn’t have a quorum because it has only two of its five Board members in place, limiting the Bank’s ability to approve transactions worth $10 million or more.


With our economy having gained just 156,000 private sector jobs in August, it is becoming more clear that the momentum of our recovery is imperiled by the uncertainty and lack of clear policy direction from the Trump Administration. 


Today we celebrate the hard-won workers’ rights victories that brought better pay and safer conditions to millions of American families.  For generations, workers and labor organizations have stood up to demand that the American Dream not fall out of reach for those who work hard every day. 


Since taking office 200 days ago, President Trump has failed to deliver on his promises to the American people. 


Health care, tax reform, passing a budget, funding the government, paying our nation’s bills… on issue after issue, Republicans are deeply divided. For the past seven months, they’ve pursued partisanship and it has yielded virtually no legislative accomplishments.  So now they have a choice: continue this failed strategy or work with Democrats to address our fiscal challenges and ensure access to affordable health care. Here’s to hoping that they’ll choose the latter after five weeks of hearing from constituents who are fed up with their division and dysfunction.


According to the monthly report released this morning by the Bureau of Labor Statistics, our economy added 205,000 private sector jobs in July, just barely more than last month.


It's not just Democrats who oppose Scott Garrett's nomination to lead the Export-Import Bank, the very agency that Garrett voted to shut down and sought to dismantle. Senate Republicans and the business community are also opposing the nomination.