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
In an increasingly digitized world, protecting consumers must be a top priority. Last month, I spoke at the White House to help launch the U.S. Cybersecurity Labeling Program for Consumer Technology, a crucial initiative that will protect Americans from cyberattacks by creating a safety label for devices that meet government cybersecurity standards. This label, the Cyber Trust Mark, will help consumers make informed purchasing decisions and incentivize manufacturers to meet higher cybersecurity standards, thus making our country more secure.
Last week, the Supreme Court handed down a series of misguided rulings that will make it harder for individuals to achieve the American dream. These rulings—on affirmative action, LGBTQIA+ rights, and student loans—are the result of a corrupt, right-wing majority on the Supreme Court that is working against the wishes and interests of the American people.
Last week, House Republicans continued to push forth their agenda that will harm everyday Americans. The Republican Study Committee, which is composed of over 170 House Republicans, put forward their plan to strip away the Social Security benefits that Americans have worked so hard to earn. This is theft and we cannot stand for it; Americans deserve to retire with dignity and respect.
An economic disaster has been averted thanks to President Biden and his negotiating team, who did the best they could in the midst of a hostage situation. Thanks to the president’s leadership, the Republicans were unable to make cuts to crucial programs like Social Security, Medicare, and Medicaid. President Biden was able to protect his landmark pieces of legislation, the Inflation Reduction Act, including the bill's historic climate provisions, the Infrastructure Law, and the Chips and Science Act.
WASHINGTON – Today, U.S. Representative Jan Schakowsky (IL-09), a Chief Deputy Whip, Senior Budget Committee Member, and Executive Board Member of the Congressional Progressive Caucus, released the following statement after voting against H.R. 3746, the Fiscal Responsibility Act of 2023:
Treasury Secretary Janet Yellen said the projected debt ceiling deadline is extended to June 5, four days later than previously estimated. In the meantime, Kevin McCarthy and the Republicans in Congress are still pushing for cruel budget cuts that will harm millions of Americans. One of my GOP colleagues even said that Republicans "don't feel like negotiating with their hostage." The lives of Americans are not a game. The GOP must stop holding the most vulnerable among us hostage. Democrats in Congress will continue to fight back against these awful proposals.
I wish I could tell you that we have reached an agreement on raising the debt ceiling, which is really agreeing to continue paying the debts of the United States, but Republicans continue to insist on massive budget cuts. Cuts which, among many things, would strip health care from thousands of America’s veterans, seniors, and children. The Republicans in Congress are holding our economy and the American people hostage.
Meet Janet from Chicago. She’s on Social Security Disability because she suffers from a chronic mental illness. She wants to work but can’t. Republicans holding our economy hostage puts her only income at risk. There are millions of Janets around the US. Don’t hold Janet hostage!
The United States is now on track to set a record in 2023 for mass killings. Just last week, a neo-Nazi with an arsenal of firearms killed eight people and wounded seven others at a Dallas-area shopping mall. These tragic mass shootings are in addition to the everyday shootings that we continue to see. We need action now. As a proud member of the Gun Violence Prevention Task Force, I have had conversations with my Republicans to see if there is anything at all they could agree to. We need universal background checks, a ban on assault weapons, and so much more.
WASHINGTON – Today, Congresswoman Jan Schakowsky (IL-09), a Chief Deputy Whip and Ranking Member of the Innovation, Data, and Commerce Subcommittee, released the following statement on recent cuts to unemployment and sick benefits for rail worker
