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 – Congressman John K. Delaney (MD-6) led a letter from the New Democrat Coalition to Speaker Boehner and Leader Pelosi calling for a permanent solution to funding the Highway Trust Fund (HTF). The letter states, “there is bipartisan agreement that Congress should replenish the Highway Trust Fund with revenues raised through international tax reform that includes ‘deemed repatriation’ of U.S. dollars stranded overseas – this will also make U.S.-based companies more competitive.”
WASHINGTON – Next week the Senate is expected to consider a short-term patch to the Highway Trust Fund, potentially using revenues from cuts to the federal Thrift Savings Program used by many federal employees. The Highway Trust Fund, the nation’s primary source of funding for federal infrastructure projects, will lose spending authority at the end of July.
WASHINGTON – Today, the House will consider a short-term extension to the Highway Trust Fund (HTF), providing funding through December 18, 2015. The HTF is the nation’s primary funding source for federal transportation projects and faces a long-term annual shortfall of $15 billion dollars. The HTF will expire at the end of July.
WASHINGTON - U.S. Senators Ben Cardin and Barbara A. Mikulski, together with U.S. Representative John K. Delaney (all D-Md.), today announced that the Appalachian Regional Commission (ARC) has awarded $25,000 to the Town of Grantsville, in Garrett County, for the Grantsville Revitalization Plan and Agricultural Village Study project. The funds will be used to coordinate several disparate existing plans into a cohesive and actionable economic development strategy for the future.
WASHINGTON – According to a new poll conducted for Morning Consult 64% of registered voters think using overseas profits to build and maintain the nation’s highways is a good idea, including 70% of Democrats, 62% of Independents and 60% of Republicans. Since 2013 Congressman John K. Delaney (MD-6) has advocated for using repatriated revenues for new infrastructure projects, an innovative bipartisan solution that has secured support from both parties.
WASHINGTON – Thursday, the House of Representatives is expected to consider the Transportation, Housing and Urban Development (THUD) and Related Agencies Appropriations Act (H.R. 2577). The legislation includes a 33% cut in federal support for the Washington Metropolitan Area Transit Authority, reducing federal funding by $50 million.
WASHINGTON – Today, the House passed legislation to extend the Highway Trust Fund’s spending authority through July 31. The Highway Trust Fund is the nation’s primary tool for federal transportation projects.
WASHINGTON – Over 400 Marylanders have written to Congressman John K. Delaney (MD-6) sharing their stories of how America’s aging infrastructure has impacted their life. Responses came from all five counties in Maryland’s Sixth District and overwhelmingly stated that local and national infrastructure has become inadequate, hurting their quality of life as well as their economic and educational opportunities.
WASHINGTON – Today, the House Appropriations Committee approved a $50 million dollar funding cut for the Washington Metropolitan Area Transit Authority (WMATA). The cut, included in the 2016 Transportation, Housing and Urban Development appropriations bill, reduces federal support for WMATA from $150 million to $100 million annually.