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) voted against H.R. 1105, legislation that repeals the federal estate tax. According to the non-partisan Congressional Budget Office, the legislation would add $269 billion to the federal deficit. Under current law, the estate tax only applies to estates worth over $5.43 million dollars, less than one quarter of one percent of the population.
WASHINGTON – Congressman John K. Delaney (MD-6) and Congressman Richard Hanna (NY-22) have written House leadership calling for a long-term highway bill. Authorization for the Highway Trust Fund, the nation’s primary source for federal transportation projects, will expire at the end of May. The letter was sent to Rep. Paul Ryan, Chairman of the Committee on Ways and Means; Rep. Sander Levin, Ranking Member of the Committee on Ways and Means; Rep.
WASHINGTON – Tuesday, the Joint Economic Committee (JEC) released a report detailing the economic challenges faced by African Americans, including disparities in employment, income, housing and education. The report, Economic Challenges in the Black Community is available online here.
WASHINGTON – Today, the Department of Transportation (DOT) announced their Grow America Act, which increases federal support for infrastructure. The DOT proposes a six-year transportation bill funded by pro-growth international tax reform, the same solution first developed by Congressman John K. Delaney (MD-6). Absent Congressional action, the Highway Trust Fund will run out of money on May 31.
WASHINGTON – Congressman John K. Delaney (MD-6), Congressman John Carney (DE-At Large) and Congressman Jim Himes (CT-4) have introduced legislation designed to protect the fixed-rate 30-year mortgage – a key instrument to ensure home affordability for the middle class – and shield American taxpayers from future bailouts by reforming the housing finance system. The Partnership to Strengthen Homeownership Act combines the private sector’s superior ability to price risk with the federal government’s unique ability to provide capacity.
WASHINGTON – Congressman John K. Delaney (MD-6) spoke at the Volvo Powertrain North America facility in Hagerstown Friday on improving the economic climate and expanding job creation in Western Maryland. Addressing the 2015 Class of Leadership Washington County, Delaney stressed the importance of infrastructure, encouraging new Maryland manufacturing and making the nation more competitive.
ANNAPOLIS – Congressman John K. Delaney (MD-6) met with state officials Thursday to build support for his Western Maryland Agenda, a platform to create job growth and economic opportunity in Maryland’s three westernmost counties. Delaney also testified on behalf of the Maryland Strong Manufacturing Development Act (SB 107) legislation introduced by Sen. Roger Manno (District 19) to establish new tax credits for hard manufacturing.
WASHINGTON – Congressman John K. Delaney (MD-6) and legislators representing Garrett, Allegany and Washington County have written to Maryland state leaders addressing the needs and opportunities for economic growth in Western Maryland. The letter, initiated by Rep. Delaney, was signed by Senator George C. Edwards (District 1), Delegate Wendell R. Beitzel (District 1A), Delegate Jason C. Buckel (District 1B), Delegate Mike McKay (District 1C) and Delegate Brett R. Wilson (District 2B).
WASHINGTON – Sunday’s Washington Post highlighted the traction behind Congressman John K. Delaney’s answer to the nation’s infrastructure crisis and the looming insolvency of the Highway Trust Fund. The Post story outlined how Delaney has built bipartisan support for a new solution that combines international corporate tax reform and new infrastructure investment.