Economy and Jobs
Congressman Pallone believes we can grow the American economy and restore the American dream for all by raising wages, strengthening workplace protections, and investing in our national infrastructure.
Tax System:
Congressman Pallone opposed the partisan Republican tax plan, and voted no when it was considered by the House of Representatives. The newly enacted law disproportionately benefits the wealthy and sets caps on state and local tax deductions and reduces the mortgage interest deduction – changes that negatively affect New Jerseyans. The tax scam raises the national deficit by $1.5 trillion.
Congressman Pallone believes the American tax system should serve all Americans by growing our economy and supporting the middle class and those who aspire to reach it. He also believes that we should end unfair tax breaks that shield the wealthiest Americans from paying their fair share.
Investing in American Infrastructure:
Congressman Pallone advocates for strong federal investment to address our nation’s ailing infrastructure. He understands that it’s time to make real and significant investments for the future.
To that end, Congressman Pallone introduced The Leading Infrastructure For Tomorrow’s America Act, or LIFT America Act, which sets out five years of funding for essential infrastructure improvements, job growth, and greater protections for public health and the environment. The legislation would appropriate:
- Over $33 billion for clean energy, including $4 billion to upgrade the U.S. electric grid to accommodate more renewable energy and make it more resilient
- $2.25 billion for new grant programs for distributed energy systems and solar installations
- More than $21 billion to protect Americans’ drinking water, including $2.5 billion to establish a new grant program allowing PFAS-affected communities to filter the toxic chemicals out of their water supplies
- $2.7 billion for Brownfields redevelopment to revitalize communities and create jobs by returning valuable land to productive use.
- $40 billion to deploy secure broadband access in underserved areas nationwide
- $4 billion for electric grid infrastructure modernization
- $2.7 billion for EPA’s Brownfields redevelopment grants
- $2 billion in funding to reauthorize the Hill-Burton hospital infrastructure program, including targeted assistance to support cybersecurity in the health system
More on Economy and Jobs
Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) issued the following statement today following the passage of the updated Heroes Act:
Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) issued the following statement following the passage of the Moving Forward Act:
WASHINGTON, DC – Congressman Frank Pallone, Jr. (NJ-06) today released the following statement after House passage of The Heroes Act:
“The House today passed The Heroes Act that delivers vital funding to our state and local governments, provides another round of direct stimulus checks, and ensures that coronavirus treatment is free for all Americans,” Pallone said. “During a public health crisis, it is irresponsible to even suggest that state and local governments consider bankruptcy as they continue to provide critical services and employ essential workers.
WASHINGTON, DC – Congressman Frank Pallone, Jr. (NJ-06) released the following statement on the introduction of The Heroes Act in the House of Representatives today:
Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) and Congressman Andy Kim (NJ-03) today introduced the Security After Sandy Act that would forgive debt owed to the federal government by municipalities and homeowners recovering from Superstorm Sandy. Senator Bob Menendez (D-NJ) will introduce a companion bill in the Senate.
Washington, D.C. – Congressman Frank Pallone, Jr. (NJ-06) released the following statement today after the House of Representatives passed H.R. 266, the Paycheck Protection Program and Health Care Enhancement Act:
Long Branch, NJ – Today, Congressman Pallone announced that small businesses and nonprofits will be able to apply for financial assistance beginning Friday, April 3. Last week, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the third major legislation passed by Congress to respond to the coronavirus pandemic, which provides relief for small business owners.
New Jersey residents, businesses and schools and the state itself will get at least $5.8 billion from the $2 trillion stimulus package just signed into law by President Donald Trump.
Washington, D.C. – Congressman Frank Pallone, Jr. (NJ-06) issued the following statement today after the House of Representatives passed H.R. 748, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the third major legislation passed by Congress to respond to the coronavirus pandemic:
WASHINGTON, DC — Today, Congressman Frank Pallone, Jr. (NJ-06) joined other House Committee Chairs in introducing the Take Responsibility for Workers and Families Act, a bold and comprehensive phase three coronavirus response bill.