Expanding Economic Opportunity

Jobs and Economy
Democrats are fighting to raise wages, create jobs, and expand opportunity so all Americans can get ahead.
Creating jobs and expanding economic opportunity continues to be Democrats’ top priority.  Too many Americans are struggling to get by. That has to change, and that’s why Democrats are fighting for a better deal for middle class families and small businesses.  We are pursuing a Make It In America plan to address the current economic challenges facing working families by investing in three core areas: education, to ensure all Americans have the skills needed to get good-paying jobs; infrastructure, which will create jobs and better connect communities by repairing roads and bridges and expanding high-speed internet access; and entrepreneurship, to encourage Americans to start their own businesses by streamlining regulations, providing access to affordable health care and retirement savings, and increasing access to credit and loans.
 
Rather than work with Democrats to build on the economic progress made under the Obama Administration, President Trump has failed to put forward a single jobs bill. He hasn’t taken action to support job creation, and in fact, his budget would slash investments in infrastructure, education, research, and other areas that support job creation. Forecasters have lowered growth estimates; despite promises to the contrary, companies like Ford and Carrier are shipping jobs overseas; and 2017 saw the first four consecutive months since 2012 of the economy adding fewer than 200,000 new private sector jobs.
 
In contrast, Democrats have a strong record of job creation and are committed to raising wages. In July, House Democrats passed the Raise the Wage Act, legislation that will gradually increase the federal minimum wage to $15 an hour, providing up to 33 million workers a pay raise and lifting 1.3 million of American out of poverty, including 600,000 children. In March, House Democrats passed the Paycheck Fairness Act to close the gender wage gap and ensure equal pay for equal work. In addition, we passed funding measures that will help rebuild our infrastructure, creating good jobs that pay well. While the President walked away from negotiations on a robust infrastructure package, House Democrats are committed to investing in new roads, bridges, mass transit, ports, airports, schools, water systems, energy grids, and broadband.
 
When Democrats last held the majority and our nation was faced with the deepest recession in generations, we passed the American Recovery and Reinvestment Act, which cut taxes for 95% of American families and led the way to creating two million new private sector jobs during the Obama presidency.  Democrats also enacted Wall Street reform legislation that restored common sense rules to protect families and our economy from the excesses of big banks and help prevent a financial collapse from happening again.  This law, the Wall Street Reform and Consumer Protection Act, aims to protect middle class Americans by increasing consumer protections and preventing taxpayers from having to bailout financial institutions. While Republicans are working to undermine the Consumer Financial Protection Bureau, which works to protect consumers following the financial crisis, Democrats passed the Consumers First Act to restore the role of the CFPB and ensure consumer protections.
 
Democrats believe that small businesses are the backbone of our economy, working to grow and create jobs.  Democrats have pushed for legislation to prevent multinational corporations from outsourcing jobs overseas, while giving tax credits to businesses who hire new employees here in the United States, as well as restore the flow of credit to small businesses so they can grow and create jobs, and extend the research and development tax credit that encourages innovation and job creation.
Jobs and Economy Related
The House has now passed legislation to increase the amount of the economic impact payments from $600 to $2,000.  The Democratic-led House has worked responsibly and tirelessly from the beginning of this pandemic to keep Americans safe and limit the economic impacts of COVID-19. 
12/28/20
This week’s unemployment insurance claims report ought to set off alarm bells across the country. It is clear that Republicans’ obstruction of COVID-19 relief has had a severely negative impact on employment, which is not recovering and, in fact, is worsening.
12/10/20
The November jobs report reveals a recovery that is stalled due to Senate Republicans’ failure to act. The pace of job increases leaves us far short of where we were before this crisis began. The number of people leaving the workforce entirely is only going up, while those who have already left it but who want a job increased by nearly half a million.
 
12/4/20
Brian Deese is an excellent choice to lead the National Economic Council (NEC), and his selection ought to reassure Americans that President-elect Biden's White House team will be relentlessly focused on an economic agenda that helps all of our people get ahead. 
12/3/20
The economic team announced by President-elect Biden and Vice President-elect Harris today not only looks like America, it reflects a commitment to ensuring that our economic policies make it possible for all Americans to get through this crisis and access opportunities that help them get ahead.
11/30/20
There can be no mistaking the truth: our economy is in a crisis the likes of which we have not seen in our lifetimes.
10/29/20
With two weeks left before Election Day and millions of Americans already casting their ballots, President Donald Trump still has not indicated what his policy agenda would be for a second term.
10/21/20
Today's jobs report shows that the recovery we had begun to experience from the COVID-19 pandemic’s job losses has slowed. More than 10 million Americans are unemployed now compared to February. At September’s pace, it would take three years to recover just the jobs lost in the month of April alone. 
10/2/20
Madam Speaker, this week, Democrats are coming to the Floor to highlight the work we have been doing over the past two years governing for the people – in sharp contrast with the way President Trump and Republicans have failed the people.
 
9/24/20
Madam Speaker, the global climate crisis is one of the greatest challenges of our time. We must confront climate change, and an essential part of that is investing in clean energy innovation. This alone is certainly not going be enough to address the climate crisis we face. But it is a critical step forward that we can and must take right now.
9/23/20
Today, the Democratic-led House passed major legislation to protect women in our workforce.  The Pregnant Workers Fairness Act, which would require employers to make reasonable accommodations in work conditions for employees who are pregnant, will remove barriers for women in workplaces as they seek to balance their careers with family life. 
9/17/20
The jobs report for August makes it clear that millions of Americans are still struggling without work, and we have a long way to go before we recover from this crisis. While the unemployment rate improved slightly, the massive scope of Americans still out of work means we have far more work to do to build back better.
9/4/20
Eighty-five years ago today, President Franklin Roosevelt signed the Social Security Act into law, ensuring that American seniors would never again have to worry about going destitute in their later years.
8/14/20
While I am relieved the unemployment rate fell slightly in July, there is little to celebrate.  At 10.2%, it is still above the worst month of the Great Recession, and the pace of job gains slowed again last month.
8/7/20
After hitting “pause” on coronavirus relief, President Trump and Congressional Republicans are about to let enhanced unemployment assistance expire for over 30 million Americans – one in five workers – who are unemployed through no fault of their own.
7/31/20
I am pleased that the House was able to come together in a bipartisan vote to reauthorize the Water Resources Development Act (WRDA) in a way that invests in upgrading and protecting America’s vital waterways and water infrastructure.  I’ve been proud to lead the Make It In America agenda for jobs and opportunities, and strengthening infrastructure, as this bill does, is a key component of that plan.  American businesses and workers depend on safe and efficient ports, harbors, and navigable rivers to transport goods to market and access raw materials.  Communities also depend on water infrastructure to protect against flooding and ensure that the water they use for drinking and agriculture is clean and safe. 
 
7/30/20
“The second quarter GDP report released this morning by the Bureau of Economic Analysis ought to alarm every American.  GDP contracted at an unprecedented 33% annual rate, revealing the historic scale of the economic fallout from this crisis.  There should now be no question that Congress and the President must come together and pass a relief package large enough to meet this moment.  
 
7/30/20
Today’s updated Economic Outlook by the nonpartisan Congressional Budget Office (CBO) should serve as a call to action.  CBO unambiguously projects a challenge of unprecedented scale and scope.  Even after the extraordinary economic response in the CARES Act, unemployment will remain much higher and economic activity much lower for far longer than should be acceptable to any of us.   
7/2/20
While the jobs numbers released today demonstrate an improvement from the period after this pandemic first forced the closure of large parts of our economy, the sharp rise in COVID-19 cases and the subsequent decision in many states to pause or reverse re-opening plans threatens to halt the economic progress we had been making and further delay the recovery for millions of Americans who remain out of work.  Having recovered one-third of jobs lost to this crisis is good news; but the reality that two-thirds of Americans who lost their jobs are still out of work is a sobering reality.  As the extraordinary response of the CARES Act winds down, we are still a long way from a full recovery.
 
7/2/20
WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) released the following statement today on the May jobs report: 

6/5/20
Earlier this month, the House passed the Heroes Act to fix issues that had arisen with regard to the initial drafting of the CARES Act, including provisions that created the Paycheck Protection Program.  
5/28/20
April’s jobs report reveals the overwhelming extent to which measures necessary to combat the COVID-19 pandemic have affected the economic well being of millions of Americans.
5/8/20
With another 3.8 million Americans filing for unemployment insurance last week, bringing the six week total to nearly one in five working Americans, it is clear that Congress must do more to help those harmed by the economic impacts of our fight against the coronavirus pandemic.
4/30/20
The steep contraction in our economy in the first quarter of 2020 is alarming but not unexpected. We know this is only the leading edge of the downturn, and economic growth, unemployment, and poverty in the second quarter will be much worse.
4/29/20