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Economy

Creating jobs, strengthening New Jersey’s middle class, and stimulating the economy have been my top priorities since the serious economic downturn and throughout the recovery.

 

Helping to Stimulate the Economy and Encourage Job Growth:

Rebuilding America’s manufacturing sector is key to improving our economy. That is why I have supported the Democratic Make It In America Agenda, in order to rebuild America’s manufacturing industry and put the men and women of this nation back to work. The Make It In America Agenda is an initiative aimed at creating jobs today, driving economic recovery, and moving America forward. The Make It In America plan focuses on four core components:

  • Adopt and pursue a national manufacturing strategy
  • Promote the export of U.S. goods
  • Encourage businesses to bring jobs and innovation back to the United States
  • Train and secure a twenty-first century workforce

I support investments that will keep our nation moving in the right direction.  Investment in our transportation infrastructure is vital to enhancing our economy, increasing our safety, maintaining our global competitiveness, and most importantly improving our quality of life. Our nation’s infrastructure is in dire need of investment. In urban areas, such as the 8th District, transportation plays a critical role in the soundness of our economy and quality of life. I support long-term investment in our nation’s transportation infrastructure and believe it is imperative that Congress works towards finding a long-term solution that addresses these needs.

Additionally, the renewable energy sector has the potential to create millions of quality American jobs throughout the next decade.  In the past, I have supported policies that provide the necessary incentives to promote the renewable energy sector.  Supporting initiatives that curb our nation’s energy use and encourage the development of renewable energy sources not only protects the future of our planet, but is a smart way to create jobs in emerging industries.

 

Protecting Our Middle Class Families:

I have fought continuously to ensure that middle-class Americans are provided with the necessary financial relief during times of difficulty. As our nation’s unemployment rate continues to decrease, we must preserve funding for the millions of families who temporarily rely on unemployment benefits as they seek further employment. Helping those who have lost employment through no fault of their own while they get back in the job market is a sensible way to ensure that money is moving through our economy.

Raising the minimum wage is a critical step in closing the opportunity gap and building an economy that works for everyone. By raising the minimum wage, we can restore fairness for working men and women across the country.  No hard working American should be forced to raise their family in poverty, but unfortunately the current minimum wage allows for just that.  I believe that an increase in the minimum wage is not only the moral thing to do, but that it would also provide a much-needed boost to our economy.

 

More on Economy

Oct 5, 2021

Last week, the House passed multiple pieces of legislation including a bill to suspend the debt limit and prevent economic catastrophe, a bill to extend funding for surface transportation, and a continuing resolution which will provide much needed emergency aid to those impacted by Hurricane Ida, extend federal funding through December 3 to prevent a government shutdown, and provide resources to assist the relocation of Afghan refugees.

Sep 28, 2021

(Washington, DC) – Congressman Albio Sires (D-NJ) made the following statement in support of Chair Jerome Powell’s leadership of the Federal Reserve:

Sep 27, 2021

Last week, the House took several important votes to provide much needed emergency aid to those impacted by Hurricane Ida, extend federal funding through December 3 to prevent a shutdown, provide resources to assist the relocation of Afghan refugees, authorize additional funding for Israel’s Iron Dome defense system, authorize funding for the Department of Defense (DoD) for fiscal year 2022, guarantee women’s abortion rights, and provide support to members of the foreign services experiencing Havana Syndrome.

Jun 11, 2021

This week, I reintroduced the Collaborative Academic Research Efforts (CARE) for Tourette Syndrome Act to research the cause, prevention, and early detection of Tourette Syndrome. I also joined my colleagues on the House Committee on Transportation and Infrastructure in passing two vital infrastructure bills out of committee to be taken up by the full House. In addition, I cosponsored a number of bills addressing funding for abandoned oil well cleanup, urban tree planting, and a program to ensure the continuity of health insurance coverage for pregnant and postpartum women and infants.

Jun 1, 2021

Last week, President Biden released his budget for the next fiscal year. Included are several key priorities, including investments in health research and public health, affordable childcare for low and middle-income families, free, universal pre-school, investments in teachers and historically underfunded public schools, funding for housing assistance, and jobs training.

May 4, 2021

This week, I joined my colleagues in submitting funding requests for the next fiscal year during what is known as the appropriations process. These requests are sent to the House Committee on Appropriations as they craft this year’s funding bill which will include programs that impact millions of Americans. This newsletter will focus entirely on a few of the funding requests I prioritized this year. I led letters requesting funding for Central America and the Merida Initiative in Mexico, in addition to a letter with Rep.

Mar 24, 2021

(Washington, D.C.) – Today, Congressman Albio Sires (D-NJ), gave the following statement after Postmaster Louis DeJoy released his ‘Delivering for America’ plan. The Delivering for America plan is a 10 year plan that postmaster DeJoy hopes to implement at the United States Postal Service (USPS).

Mar 19, 2021

This week, we witnessed racism and misogyny on display as eight people were senselessly murdered in Atlanta. The rise in hate crimes and violence against Asian Americans in the last year follows a disturbing trend and is made worse by the discriminatory language used by leaders in our public spaces. The shooting in Atlanta is the latest violent act perpetrated on innocent victims, and another example that we don’t need of why this country’s gun laws do not keep us safe. We must do better to hold accountable those whose actions and inactions led to this week’s shooting.

Mar 12, 2021

This week, Congress passed the American Rescue Plan Act, and President Biden signed it into law, allocating $1.9 trillion of relief to American families. The House also passed several other important bills aimed at protecting workers’ rights and strengthening gun safety laws. I attended a House Foreign Affairs Committee hearing with Secretary of State Blinken.

Mar 10, 2021

(Washington, D.C.) – Today, Congressman Albio Sires voted in favor of a Senate amendment to H.R. 1319, the final version of the American Rescue Plan Act, a comprehensive $1.9 trillion relief bill that will provide much needed assistance in fighting COVID-19, increasing our vaccine output, and providing aid to the American people. The House passed the amended H.R. 1319 by a vote of 220-211.

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