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 – This week the Department of Transportation notified state governments that federal funding for highway, transit and bridges will expire at the end of May.
WASHINGTON –Congressman John K. Delaney (MD-6) has filed legislation to reduce carbon pollution and combat climate change in a pro-growth, economically responsible manner that helps working families. Delaney’s legislation offers a new approach, combining efforts to reduce greenhouse gas emissions with a reduction in the corporate tax rate and a new program to help impacted coal workers.
WASHINGTON – Today, House Committee on Ways and Means Chairman Paul Ryan announced that he is working on a short-term fix for the Highway Trust Fund during an event at the Christian Science Monitor. Speaking at the Monitor’s Breakfast, Ryan discussed using international tax reform to rebuild America’s infrastructure.
Joint statement issued by Reps. Gerald E. Connolly (VA-11th), Donald S. Beyer Jr. (VA-8th), Barbara Comstock (VA-10th), Steny H. Hoyer (MD-5th), Chris Van Hollen (MD-8th), Donna F. Edwards (MD-4th), John P. Sarbanes (MD-3rd), John K. Delaney (MD-6th), Eleanor Holmes Norton, (DC- At-large):
We are deeply disappointed by the House Appropriations Committee’s proposal to cut $75 million in grant funding for the Washington Metropolitan Area Transit Authority (Metro).
WASHINGTON – Tuesday, April 28, is Workers’ Memorial Day, remembering the men and women killed, injured, or disabled on the job. This Workers’ Memorial Day, Congressman John K. Delaney (MD-6) will attend events in Hagerstown and Cumberland.
WASHINGTON – On Earth Day, Congressman John K. Delaney (MD-6) announces that he will introduce new legislation this spring designed to respond to the global crisis of climate change in a fiscally-responsible way that ensures that middle class families don’t pay the price for pollution. Delaney’s legislation is a unique solution to the environmental and economic costs of climate change in that it reduces the corporate tax rate and creates a new aid program for coal workers.
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.