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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

Jun 12, 2020

This week, I continued to work with my colleagues addressing police brutality, the coronavirus pandemic, and other issues facing our community. Additionally, the 2020 Census is ongoing and needs your help! If you have not done so already, take 10 minutes to respond online at 2020census.gov or by phone at 844-330-2020. During this time of social distancing, check in with your family, friends, and neighbors to make sure they have filled out their forms too! Together, we will make sure the 8th District is counted fairly and received the proper federal funding for the next decade.

May 23, 2020

This week, I worked on policies addressing immigration, Title IX, the National Guard, and the Port Authority of New York and New Jersey. I continue to work with my colleagues as the effects of this unprecedented global pandemic emerge.

We have raised our community’s 2020 Census self-response rate to 48.9%. But, we are still behind New Jersey at 61% and the country at 59%. Federal funding is allocated based on this data and times of crisis have revealed just how important this data is in our government’s emergency response.

May 16, 2020

This week, the House of Representatives considered a fourth stimulus package, H.R. 6800, the Heroes Act. I pushed for the inclusion of critical policies in this legislation as well as future packages considered by Congress.

Last week, our community’s 2020 Census self-response rate rose 3 points to 48.1% of the 8th District. This is encouraging, but we still have plenty of work to do to catch up with New Jersey at 59.4% and the country at 57.7%. Millions of dollars in federal funding depend on each of our timely responses.  

May 8, 2020

This week, I continued to work on the comprehensive elements of our government’s coronavirus response. The following is an overview of policies my colleagues and I support as Congress works on the next coronavirus legislative package.

Additionally, the 8th District remains behind the state and national self-response rates for the 2020 Census. As of this week, our community is only at 45% completion, trailing New Jersey at 56.3% and the country at 54.6%. To receive the millions of dollars in annual funding our community deserves, we all must do our part and be counted.

Apr 23, 2020

(Washington, D.C.) – Today, Congressman Albio Sires (D-NJ) voted in favor of an interim stimulus package, the Paycheck Protection Program and Health Care Enhancement Act. The bill funds and improves the Paycheck Protection Program, setting aside $60 billion, of the $310 billion appropriated for the program, for small business in underserved areas including many minority-owned ones. It also provides $50 billion for the Economic Injury Disaster Loan (EIDL) Program and $10 billion for the EIDL Grant Program.

Apr 23, 2020

(Washington, D.C.) – Yesterday, in a radio interview, Senate Majority Leader Mitch McConnell (R-KY) said that states should turn to bankruptcy rather than receive aid from the federal government in the wake of the COVID-19 pandemic.

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.

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