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) today applauded the $183,147,420 New Jersey will receive to help families improve home energy efficiency. The funding comes from provisions in the Inflation Reduction Act that Pallone included as Chairman of the Energy and Commerce Committee.
New Brunswick, NJ – Congressman Frank Pallone, Jr. (NJ-06) hosted a fireside chat today with U.S. Department of Commerce Secretary Gina M. Raimondo on the Biden Administration’s historic investments in American manufacturing, innovation, and supply chains. The discussion also highlighted the progress Middlesex County has made in developing business and innovation in New Jersey, including the New Jersey Innovation and Technology Hub in New Brunswick.
WASHINGTON, DC – Congressman Frank Pallone, Jr. (NJ-06) introduced the Buy Low and Sell High Act today, new legislation that creates an Economic Petroleum Reserve designed to continue the trend of falling gasoline prices and make money for American taxpayers by empowering the Department of Energy (DOE) to buy oil when prices are low and sell oil when prices are high.
Long Branch, NJ - Congressman Frank Pallone, Jr. (NJ-06) held a press conference today in Long Branch with local environmental advocates on the historic climate achievements in the Inflation Reduction Act. The bill is the single-largest investment in climate action in American history and includes key climate provisions originally authored by Pallone or advanced through his Energy and Commerce Committee.
South Amboy, NJ – Congressman Frank Pallone, Jr. and Mayor Fred Henry today announced that South Amboy will receive $4.9 million to help rebuild the city’s infrastructure. The federal funding comes from the American Rescue Plan that House Democrats passed and President Biden signed into law in 2021. The funds are distributed through the Department of Commerce’s Economic Development Administration (EDA).
Long Branch, NJ – Congressman Frank Pallone, Jr. (NJ-06) today hosted a telephone town hall with over 3,700 constituents in New Jersey’s 6th Congressional District.
Washington, DC – Energy and Commerce Committee Chairman Frank Pallone, Jr. (NJ-06) issued the following statement after President Biden signed H.R. 4346, the CHIPS and Science Act of 2022, into law, which passed the House last month. The bill will bolster semiconductor manufacturing, boost resilience in U.S. supply chains, create good-paying American jobs, and lower costs for families in the United States.
Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) today helped pass the bipartisan CHIPS and Science Act in the U.S. House of Representatives. As Chairman of the Energy and Commerce Committee, Pallone included critical provisions in the bill that invest over $54 billion to ensure more semiconductors are produced in the United States. The bill will also bolster semiconductor manufacturing, boost resilience in U.S. supply chains, create good-paying American jobs, and lower costs for families in the United States.
Edison, NJ – Congressman Frank Pallone, Jr. (NJ-06) today unveiled a new manufacturing design facility with Eos Energy Enterprises in Edison. Located at Eos’ corporate headquarters in Edison, the Eos Ingenuity Lab will provide the space and resources to continue evolving Eos’ zinc battery technology as it helps accelerates the nation’s transition to clean energy.
Long Branch, NJ – Congressman Frank Pallone, Jr. (NJ-06) hosted a telephone town hall yesterday evening with constituents in New Jersey’s 6th Congressional District.