Growing Our Economy & Creating Jobs
One of my top priorities as a Member of Congress is to reach across the aisle in order to find common sense, bipartisan solutions that end Washington gridlock. In particular, two areas that have historically been bipartisan are infrastructure and small business.
There is no question that both large and small businesses are still feeling the effects of the 2008 financial crisis. Small businesses have long been the engine driving the American economy. While the economy has made important strides since the Great Recession, studies have continuously shown that small businesses have been slower to recover. As the president of Chicago-area small businesses, and as the former Deputy Illinois Treasurer, I have a unique perspective on how government can help or hinder small business growth and development. I am committed to working with all Members of Congress to look for ways the federal government can help small business owners by making lending simple and transparent, repealing burdensome regulations, and modernizing our nation's tax policies.
A strong national infrastructure is part of the foundation of our economy, yet we have failed to invest in transportation even though our infrastructure continues to age. That is why we need bipartisan solutions that can address the backlog of transportation projects throughout the country. I support the establishment of a National Infrastructure Bank which can provide low-interest loans to states and cities to help finance crucial projects like roads and transit systems. Finding innovative ways to finance infrastructure projects is a critical step toward renovating our transportation infrastructure while reducing congestion on our roads and highways.
More on Growing Our Economy & Creating Jobs
WASHINGTON, D.C. - Congressman Raja Krishnamoorthi applauds the signing into law of the Federal Aviation Administration Reauthorization, a law which includes an amendment authored by Congressman Krishnamoorthi requiring the FAA to study the economic impacts of excessive noise around airports.
WASHINGTON, D.C.- On Friday, September 28, House Republicans passed legislation (H.R. 6760) to permanently cap the State and Local Tax (SALT) Deduction at $10,000 for both individuals and joint filers. This severe limitation applies to state and local income, property, and sales taxes. According to the Joint Committee on Taxation, this legislation will increase the deficit by $631 billion over the next 10 years. Congressman Krishnamoorthi released the following statement:
WASHINGTON, D.C. – Yesterday, the House of Representatives passed legislation to fund the departments of Labor, Health, and Human Services, and Education. This includes $1.9 billion for career, technical, and adult education programs authorized by the Carl D. Perkins Career and Technical Education Act and the Adult Education and Family Literacy Act. This will ensure that all students have the opportunity to continue to develop their skills in their post-secondary education and succeed in in-demand careers.
Washington, DC (Sept. 20, 2018)—Today, Rep. Elijah E. Cummings, the Ranking Member of the House Committee on Oversight and Government Reform, and Rep.
WASHINGTON, DC – On Thursday, Congress passed bipartisan legislation to fund Energy and Water Development programs through FY2019. Among several important provisions, this legislation increases funding for the Energy Department’s Office of Energy Efficiency and Renewable Energy (EERE) by 2.5% to $2.38 billion, and boosts funding for the Advanced Research Projects Agency-Energy (ARPA-E) office by 3.7% to $366 million. In addition, this bill established the Solar Ready Vets Program, which prepares our nation’s skilled veterans for high-paying careers in the solar industry.
ELGIN, IL – On Monday, Congressman Krishnamoorthi convened with more than fifty state and local education leaders, including Illinois School Superintendent Tony Smith and U-46 CEO Tony Sanders, to tour career and technical education (CTE) programs at Elgin High School and South Elgin High School. During the tour, attendees met with students and teachers participating in CTE courses designed to prepare students for high-tech, in-demand jobs in the region.
SCHAUMBURG, IL – Congressman Raja Krishnamoorthi issued the following statement in response to a Congressional Research Service report confirming that his bipartisan career training law, which was signed into law last week, would significantly increase federal funding for Illinois skills-based learning and on-the-job training.
WASHINGTON, D.C. – Today, the President signed into law H.R. 2353, the bipartisan Strengthening Career and Technical Education for the 21st Century Act which was led by Congressman Raja Krishnamoorthi (D-IL) and Congressman Glenn ‘GT’ Thompson (R-PA). The bill reauthorizes and modernizes the American career, technical, and vocational education system for the first time since 2006.
WASHINGTON, D.C. – Today, the House passed H.R. 2353, the Strengthening Career and Technical Education for the 21st Century Act. This legislation, led by Congressman Raja Krishnamoorthi (D-IL) and Congressman Glenn ‘GT’ Thompson (R-PA), has now passed both the House and Senate unanimously, and will be sent to the President for signature into law. This legislation reauthorizes and modernizes the American career, technical, and vocational education system for the first time since 2006.
WASHINGTON, DC – Yesterday, the House passed H.R. 6147, an appropriations bill to fund the Department of the Interior, Environmental Protection Agency and other related agencies, which included an amendment coauthored by Congressmen Raja Krishnamoorthi (D-IL) and Steven Palazzo (R-MS). Previously, the Community Development Financial Institutions (CDFI) Fund, under the Department of Treasury, received an additional $25 million dollars of funding, but the legislation did not direct how this funding should be spent.