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) highlighted the economic impacts of automation and artificial intelligence during today’s House Committee on Financial Services hearing with Federal Reserve Chair Janet Yellen. Congressman Delaney argued that technology is likely to create more jobs that it displaces, but that we must start thinking about long-term trends on employment. Delaney asked Chair Yellen her views on these trends and what her policy recommendations would be.
WASHINGTON – Congressman John K. Delaney (MD-6) has published an op-ed in U.S. News & World Report on President Trump’s infrastructure plan. Congressman Delaney’s op-ed argues that if the White House’s proposal is overly-reliant on public-private-partnerships, it will be insufficient.
WASHINGTON – Congressman John K. Delaney (MD-6) has published an op-ed in The Hill urging Democrats not to demonize coal workers and to push for policy solutions on climate change that also help the workers and communities that will be disrupted.
WASHINGTON – On Tuesday, the White House released its budget proposal for fiscal year 2018, which includes a 13% reduction in funding for the Department of Transportation along with a fact sheet in the budget’s appendix outlining a potential “infrastructure initiative” from the Administration. The fact sheet refers to $200 billion in outlays, but with little information on how the initiative will be funded or how it will work.
WASHINGTON – As Infrastructure Week begins, Congressman John K. Delaney (MD-6) calls on the White House and congressional leaders to prioritize infrastructure and to embrace a bipartisan approach.
WASHINGTON – Today the Trump Administration unveiled the outlines of their tax reform proposal, which included major changes for both individuals and corporations. The White House plan did not include using revenues from international tax reform to rebuild infrastructure. Pairing international tax reform and infrastructure was first proposed by Congressman John K. Delaney (MD-6) four years ago and has received significant bipartisan support since 2013.
Congressman Delaney releases the following statement:
WASHINGTON – According to reports President Trump will unveil his tax reform proposal Wednesday. Since 2013, Congressman John K. Delaney (MD-6) has been the leading voice in Congress for using revenues from international tax reform to rebuild America’s infrastructure. Over 50 Democrats and 50 Republican have cosponsored Delaney legislation using this framework.
WASHINGTON – Congressman John K. Delaney (MD-6) has filed bipartisan legislation to extend federal HUBZone eligibility for Garrett County businesses to 2022. The GARRETT HUBZone Redesignation Act (H.R. 2013) reforms the Small Business Administration’s (SBA) Historically Underutilized Business Zone Empowerment Contracting (HUBZone) program, giving Garrett County and similar communities around the country significantly more time to utilize the program and adjust to potential changes in their eligibility.
WASHINGTON – Today Congressman John K. Delaney (MD-6) introduced the Tax Pollution, Not Profits Act, legislation that establishes a tax on greenhouse gas emissions. Congressman Delaney’s legislation uses revenues generated by this carbon tax to 1) lower the corporate tax rate, 2) provide extensive benefits to displaced coal industry workers and 3) provide payments to low and middle income Americans.
WASHINGTON –Congressman John K. Delaney urges the White House and the Trump Administration to focus on pairing infrastructure and tax reform in a letter sent today to President Donald J. Trump, Treasury Secretary Steven Mnuchin and the White House’s Chief Economic Advisor Gary Cohn.