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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

Mar 19, 2020

(Washington D.C.) – Today, Congressman Albio Sires (D-NJ) released the following statement about the need to put workers and neighborhood businesses first in future coronavirus (COVID-19) emergency funding packages:

Feb 19, 2020

Last week in Washington, the House voted on removing the deadline for the Equal Rights Amendment and expanding public land protections. I met with the New Jersey Fraternal Order of the Police, representatives of New Jersey community colleges, the NJ Clean Cities Coalition and Transportation Energy Partners, and more. I attended a House Budget Committee hearing and also chaired a Western Hemisphere Subcommittee hearing.

Feb 11, 2020

Last week in Washington, the House passed critical reforms for the U.S. Postal Service (USPS) and expanded essential labor rights. I met with leaders on education and labor policy to inform my legislative work and attended hearings with my colleagues on the House Foreign Affairs Committee.

Legislation

Jan 31, 2020

This week, the House of Representatives took up reforms to our nation’s credit system and passed legislation restricting authorization for conflict with Iran. I attended a Budget Committee hearing on the economic outlook of the next decade and an Europe and Eurasia Subcommittee hearing on stopping the rise of antisemitism. I also met with students from Elizabeth, NJ and activists on the crisis in Syria.

Jan 17, 2020

This week, the House considered legislation on age discrimination and student loans. The House Budget Committee met to discuss federal funding to local governments and the House Foreign Affairs Committee met to discuss Iran. I also chaired a Western Hemisphere Subcommittee hearing.

Legislation

Jan 17, 2020

This week, the House considered legislation on age discrimination and student loans. The House Budget Committee met to discuss federal funding to local governments and the House Foreign Affairs Committee met to discuss Iran. I also chaired a Western Hemisphere Subcommittee hearing.

Legislation

Dec 20, 2019

This week in Washington, the House passed vital legislation on fiscal year (FY)2020 appropriations, the State and Local Tax (SALT) deduction, and United States-Mexico-Canada Agreement (USMCA). Additionally, two articles of impeachment reached the floor for consideration. I met with delegations from Chile and Colombia, as well as led two bipartisan efforts to shape our foreign policy with Nicaragua and Taiwan.

Dec 20, 2019

(Washington, D.C.) - Earlier this week, the House passed 2 funding packages that averted another painful holiday shutdown. While the packages were not perfect, they funded vital programs that will help Americans across the country and include landmark funding for essential initiatives.

Dec 9, 2019

(Washington, D.C) – Today, Representative Albio Sires (D-NJ) issued the following statement following his co-sponsorship of H.R. 5221, the 100% Clean Economy Act of 2019, introduced by Rep. Donald McEachin (D-VA):

Oct 23, 2019

(Washington, DC) – Today, Congressman Albio Sires (NJ-08) and Senator Bob Menendez (D-NJ) introduced bicameral legislation to expand high-skilled, job-training partnerships between community colleges and local businesses looking to hire, which will increase employment opportunities for workers in New Jersey and across the country.

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