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 – The White House has announced that President Obama’s 2016 Budget proposal will include international tax reform to pay for new infrastructure projects. This is the same framework Congressman John K. Delaney (MD-6) has advocated for two years, building a bipartisan coalition in Congress around combining international tax reform and infrastructure.
WASHINGTON – Congressman John K. Delaney (MD-6) will introduce new bipartisan legislation to address the Highway Trust Fund solvency crisis and spur new infrastructure projects across the country. A new approach to funding and financing America’s infrastructure, The Infrastructure 2.0 Act uses international corporate tax reform to patch the Highway Trust Fund hole for six years, creates a new financing tool and establishes a path for broader pro-growth tax reform and improved infrastructure financing.
WASHINGTON – On January 20, 2015 President Obama addressed a joint session of Congress for the State of the Union Address. In his remarks, the President stated, “let’s pass a bipartisan infrastructure plan” to create jobs and “make this country stronger for decades to come.”
WASHINGTON – Congressman John K. Delaney (MD-6) and Congressman Mike Fitzpatrick (PA-8) will reintroduce today the Partnership to Build America Act, bipartisan legislation to rebuild America’s infrastructure in a fiscally-responsible way.
WASHINGTON – A bipartisan group of lawmakers from the House and Senate have written to President Obama urging him to “highlight the importance of rebuilding America’s infrastructure and fixing the broken international tax code” in the 2015 State of the Union.
WASHINGTON - The House has passed the Save American Workers Act (H.R. 30) which improves the Affordable Care Act and is designed to prevent workers from losing hours due to the law. Congressman John K. Delaney (MD-6) voted for the bill, which passed in a 252-171 vote.
The legislation changes the definition of a full-time worker under the Affordable Care Act for the purposes of determining applicability of the employer mandate from 30 hours to 40 hours per week.
WASHINGTON - Congressman John K.
WASHINGTON – Congressman John K. Delaney (MD-6) has filed legislation, the Infrastructure and Global Tax Competitiveness Act, to strengthen America’s economy by rebuilding the nation’s infrastructure and reforming the broken corporate tax code. The legislation is designed to create jobs, spur economic growth, improve quality of life, and discourage corporate inversions.
WASHINGTON – The U.S. Government Accountability Office (GAO) has issued a report outlining how the Financial Stability Oversight Council (FSOC) can improve their process for designating nonbank institutions as a Systemically Important Financial Institution (SIFI). A SIFI designation triggers additional regulatory requirements.
December's edition of Fortune featured an op-ed by Alan Murray on the need for more elected officials with a businessperson's point of view. Murrary writes:
I voted in the midterms, but it wasn’t very satisfying. I used to think elections were the way we addressed society’s most pressing problems. No longer. Now they are like sporting events: 53–47. Go, team.