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

October 1, 2014 Press Release

3.6 Million Americans have lost benefits, including more than 195,000 Illinoisans

Rep. Jan Schakowsky speaking during Witness Wednesday in June about the need to Renew Unemployment Insurance.


September 23, 2014 Press Release

CHICAGO – Last night, the Department of Treasury announced new rules to reduce incentives for American companies to perform tax inversions.  Under an inversion, U.S. companies merge with a foreign partner and move their headquarters outside of the country to reduce their tax liability.  Rep. Jan Schakowsky issued the following statement in response:

September 19, 2014 Press Release

Rep. Jan Schakowsky sent a letter to Shaun Donovan, the Director of the Office of Management and Budget on Thursday, urging him to use his authority to increase funding for The Emergency Food Assistance Program (TEFAP).  The 2014 Farm Bill authorized a funding increase for TEFAP, and Rep. Schakowsky stated that it is her understanding that despite no specific increase for the program in the recently-passed Continuing Resolution to fund the government, the Administration has the authority to take that step.  The text of the letter can be found below.

The Honorable Shaun Donovan

September 18, 2014 Press Release

Earlier this year, the General Motors’ recall of vehicles with faulty ignition switches captured the nation’s attention.  At least 19 people died and an untold number of crashes resulted from the defect and GM’s failure to alert its customers.  That is why I have introduced the Vehicle Safety Improvement Act. Please see my video message on this bill to protect American drivers.

September 11, 2014 Press Release

Also announce more than $10 million in DOT grants for noise mitigation measures

WASHINGTON — U.S. Representatives Jan Schakowsky (IL-09), Mike Quigley (IL-05) and Tammy Duckworth (IL-08) released the following statement regarding the Federal Aviation Administration (FAA)’s response to their request for a new environmental impact study (EIS) of the O’Hare Modernization Program (OMP):