Jobs and the Economy
The great recession left millions of Americans unemployed and millions more struggling to support their families. Although we’ve made progress, it is clear that we still have work to do. Moreover longer-term changes, brought by globalization and technology, have drastically changed our economy in the last three decades. With that in mind, competitiveness – how we can position our businesses and workers to compete on a global market – is the lens through which I analyze economic policy.
As the only former CEO of a publicly traded company currently serving in Congress, I understand that we need a vibrant private sector to create long-term job growth and a strong middle class. I support policies that encourage entrepreneurship, innovation, and a better climate for business.
There is also a role for government in making our country more competitive. Around the globe the healthiest economies are those where the public and private sector work together. My competitiveness agenda has five key components: 1) investing in a world-class education and research system for our workers, 2) developing a national energy policy that encourages domestic energy production with a goal towards becoming an alternative energy leader, 3) immigration reform so that the best and brightest can work for our companies, 4) infrastructure investment to rebuild our roads and bridges, and 5) a grand bargain budget deal to get our fiscal house in order.
In May I introduced the first major component of my competitiveness agenda, the Partnership to Build America Act (H.R. 2084). My legislation would finance up to $750 billion in infrastructure investment at no cost to the taxpayer, instead bonds would be sold to the private sector. With strong support from Republicans and Democrats, it represents the bipartisan approach to job creation that I believe is essential. For more information on the Partnership to Build America Act, click here.
More on Jobs and the Economy
Washington, D.C. – Today, Congressman Stephen Fincher (R-Tenn.) and Congressman John Delaney (D-Md.) reached across the aisle and joined together to introduce H.R. 3623: Improving Access to Capital for Emerging Growth Companies Act, which focuses on accelerating the ability of companies to enter into Initial Public Offerings (IPOs).
Washington has gotten so used to political theater that many here have lost the ability to spot real chances to do the right thing. The budget conference is an opportunity for Congress to craft a bipartisan compromise that serves the common good. Despite low expectations, the conference should be taken seriously.
WASHINGTON – Friday’s Washington Post features an op-ed by Congressman John K. Delaney (MD-6) calling on the budget conference to focus on rebuilding America’s infrastructure.
Delaney is the only former CEO of a publicly traded company serving in Congress.
The op-ed can be read below or online here.
WASHINGTON - The House has passed H.R. 3080, the Water Resources Reform and Development Act, by a 417 to 3 vote. Congressman John K. Delaney (MD-6) voted for the bill. H.R. 3080 authorizes Army Corps of Engineers funding for improvements to America’s waterways, ports, dams and levees, and projects tied towards flood protection and safe drinking water. The Senate passed a water resources bill in May (S. 601) and it is expected that the two bills will go to conference soon.
WASHINGTON - Congressman John K. Delaney (MD-6) joined President Obama and Congressman Chris Van Hollen (MD-8) in Rockville to highlight the federal shutdown’s harsh impact on our country’s economy, including small businesses. Appearing at the M. Luis Construction Company, a Rockville asphalt plant, the President delivered remarks explaining that damage from the government shut down along with a potential failure to raise the debt ceiling could significantly harm the economy.
WASHINGTON - On Monday, Congressman John K. Delaney (MD-6) participated in a wide-ranging panel discussion focused on improving our nation’s infrastructure and breaking Congressional gridlock. Sponsored by the American Enterprise Institute (AEI) and Third Way, the panel brought together industry stakeholders and thought leaders. In addition to Congressman Delaney, the panel included Janet Kavinoky from the U.S. Chamber of Commerce, Ron DeFeo, CEO of the Terex Corporation; and Dr. R. Richard Geddes, of AEI.
WASHINGTON – On Friday, September 20, the House voted on H.J. Res 59, a bill to fund the government by continuing resolution that included provisions to defund the implementation of the Affordable Care Act and prioritize debt payments in the case of default.
Congressman John K. Delaney (MD-6) releases the following statement:
WASHINGTON – Wednesday the House Committee on Financial Services held a full committee hearing titled, “Beyond the GSEs: Examples of Successful Housing Finance Models without Explicit Government Guarantees.” During the hearing, Congressman John K. Delaney (MD-6) stressed that when evaluating the GSEs our analysis should include a full assessment of both the economic costs and benefits associated with our current housing model.
Addressing the panel, Delaney asked:
WASHINGTON – Congressman John K. Delaney (MD-6) today introduced The Partnership to Build America Act (H.R. 2084). Featuring a bipartisan group of 13 Republican and 13 Democratic co-sponsors, the Partnership to Build America Act upgrades America’s aging infrastructure with no additional burden to taxpayers.
Delaney Meets with Greater Cumberland Committee, Discusses Economic Development and North-South Highway