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

July 24, 2014 Press Release

Washington, D.C. – Rep. Paul Ryan, Chairman of the House Budget Committee and author of the draconian Republican budget, today offered his ideas for dealing with poverty in America. 

Even before examining his new "anti-poverty" agenda, it's worth remembering the Ryan Budget which passed the House last April; that budget would cut SNAP (formerly called Food Stamps) by $137 billion, cut 300,000 students from the school lunch program, cut $732 billion from Medicaid, and drastically reduce federal spending on areas like medical research, education, and housing assistance.

July 23, 2014 Press Release

The House passed the H.R. 4450, the Travel Promotion, Enhancement, and Modernization Act on Tuesday.   Rep. Jan Schakowsky, who played an important role in amending the bill, issued the following statement on the Committee’s action:

July 23, 2014 Press Release

Washington, D.C.  – President Barack Obama signed the Workforce Innovation and Opportunity Act into law Tuesday.  Rep. Jan Schakowsky issued the following statement this new law to help working families:

July 23, 2014 Press Release

Today, Rep. Jan Schakowsky sent a letter to Walgreens CEO Gregory Wasson expressing her opposition to the Illinois company’s rumored consideration of a plan to relocate its headquarters to Switzerland in order to avoid U.S. taxes.  The move, called inversion, allows Walgreens to avoid U.S. taxation by purchasing  a smaller European firm and relocating its headquarters on paper, while maintaining the majority of its business operations in the United States.  Doing so would allow the company to dodge an estimated $4 billion in taxes over the next five years.

July 16, 2014 Press Release

Washington, D.C. – Rep. Jan Schakowsky offered an amendment to the Financial Services and General Government Appropriations bill on Tuesday that would prohibit federal funds from being used to contract with companies that have violated the Fair Labor Standards Act.  The amendment passed by voice vote.  Rep. Schakowsky issued the following statement following the vote: