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

May 20, 2014 Press Release

Washington, D.C. – A group of nearly a dozen House Democrats today introduced legislation to tighten restrictions on corporate tax inversions, limiting the ability of American companies to avoid U.S. taxation by combining with a smaller foreign business and moving their tax domicile overseas. The House legislation and companion Senate legislation introduced today by U.S. Sen. Carl Levin (D-MI) largely mirror the inversion proposal included in the President’s FY 2015 budget.

April 8, 2014 Press Release

Washington, D.C. – As we mark Equal Pay Day, Rep. Jan Schakowsky said we must take action to close the wage gap that still exists between women and men. Why is Equal Pay Day marked every April? Because a woman has to work a year, plus three months into the next year, just to earn what a man earns in one year.  That is not right. To fix this it is critical to pass Paycheck Fairness Act, which gives protections to employees and enforces standard for employers.

April 8, 2014 Press Release

Washington, D.C. -- Rep. Jan Schakowsky issued the following statement on the Senate's bipartisan passage of the Unemployment Insurance extension bill.

"I am proud to join in urging Speaker Boehner to bring up the bipartisan, Senate-passed Unemployment Insurance extension bill for a vote this week.

We need a vote for more than 2.36 million Americans who have lost their long term unemployment benefits, including 153,400 Illinoisans."

March 26, 2014 Press Release

Washington, D.C. – Today, Rep. Jan Schakowsky announced the release of a new report that highlights why raising the minimum wage is key for America’s women.  The report was prepared by the National Economic Council, the Council of Economic Advisers, the Domestic Policy Council, and the Department of Labor.  For a copy of the report, click here.

March 26, 2014 Press Release

Washington, D.C. – Today, Rep. Jan Schakowsky announced the release of a new report that highlights why raising the minimum wage is key for America’s women.  The report was prepared by the National Economic Council, the Council of Economic Advisers, the Domestic Policy Council, and the Department of Labor.  For a copy of the report, click here.

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