Economy, Jobs & Taxes

Our country's strength and success is based on our robust middle class. These days, too many American families feel that the American Dream is slipping away – they are worried about finding good jobs, sending their kids to college, losing the equity in their homes, and even foreclosure. Rebuilding the American Dream so that every individual has access to opportunity and success is a challenge, but not an impossible one. The Great Recession and the current federal budget problems were no accident; they were the result of decades of policies that further enriched the wealthy at the expense of everyone else, as well as Bush Administration policies that put wars and tax cuts for the rich on a credit card and turned a blind eye to Wall Street’s recklessness.  By creating the perfect storm, these man-made mistakes led to a devastating financial collapse.

But we are not helpless in the face of these challenges. I am fighting for job creation, economic opportunity for all, help for those who are struggling, and fair and responsible ways to reduce the deficit.

In Congress, I am a leader on progressive solutions to our economic and fiscal challenges and I have offered specific proposals on deficit reduction, jobs, and tax policy. I served on the National Commission on Fiscal Responsibility and Reform (the Bowles-Simpson Commission), and offered an alternative to the co-Chair's proposal to show what a real balanced plan would look like - one that didn't further burden struggling middle class and low income families.

We also need to make sure that people are employed in good jobs that provide them with a living wage and benefits so that workers can take care of their families.

 

 

More on Economy, Jobs & Taxes

August 27, 2021 Press Release

WASHINGTON – Today, Congresswoman Jan Schakowsky (IL-09), a Senior Chief Deputy Whip and Chair of the Consumer Protection and Commerce Subcommittee of the House Energy and Commerce Committee, introduced the Manufacturing Reinvestment Corporation Act.

August 5, 2021 Press Release

WASHINGTON -   Today, Congresswoman Jan Schakowsky, a Senior Chief Deputy Whip and Chairwoman of Consumer Protection and Commerce Subcommittee of the House Energy and Commerce Committee, issued the following statement after the death of AFL-CIO President Richard Trumka was announced:

July 15, 2021 Press Release
“Parents and caregivers cannot go back to work, grow our economy, and build better lives for their families unless they know their children are cared for,” said Congresswoman Schakowsky. “The American Rescue Plan included an expansion of the Child Tax Credit, which will provide financial support for families to help them afford childcare, food, clothing, and other daily expenses. This program is cutting child poverty in half across the nation, and raising more than 134,000 Chicagoland children out of poverty.”
July 12, 2021 Page

The Child Tax Credit Is Here

Beginning July 15th, nearly all working families will automatically receive Monthly Child Tax Credit Payments of up to $300 per child through the end of this year. 

July 1, 2021 Press Release

WASHINGTON – Today, Congresswoman Jan Schakowsky (IL-09), a Senior Chief Deputy Whip and Chair of the Consumer Protection and Commerce Subcommittee of the House Energy and Commerce Committee, issued the following statement after the House passed H.R. 3684, the INVEST In America Act, by a vote of 221-201:

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