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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

June 16, 2021 Press Release

Long Branch, NJ – Congressman Frank Pallone, Jr. (NJ-06) today announced that New Jersey Community Capital in New Brunswick will receive $1,826,265 to respond to economic challenges created by the COVID-19 pandemic, particularly in underserved communities. The funding will be made through the Department of Treasury’s Community Development Financial Institutions Rapid Response Program (CDFI RRP).

April 9, 2021 Press Release
Congressman Frank Pallone, Jr. (NJ-06) released the following statement today on President Biden’s discretionary budget request for Fiscal Year 2022: 
 
March 31, 2021 Press Release

Long Branch, NJ – Congressman Frank Pallone, Jr. (NJ-06) issued the following statement today after President Biden announced his transformational American Jobs Plan:

“There is no better way to rebuild our economy for the future than to modernize our badly aging infrastructure, and President Biden’s American Jobs Plan is exactly what our nation needs right now to revitalize our communities. The President’s bold proposal will also combat the climate crisis by reducing carbon pollution and moving us towards a clean energy future.

March 11, 2021 Press Release

Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) introduced the Leading Infrastructure For Tomorrow’s America Act, or LIFT America Act. The sweeping legislation will modernize the nation’s infrastructure, rebuild the economy, combat climate change, and protect public health and the environment. The legislation invests more than $312 billion in clean energy, energy efficiency, drinking water, broadband, and health care infrastructure.

March 10, 2021 Press Release

Washington, D.C. – Congressman Frank Pallone, Jr. (NJ-06) released the following statement today after Congress passed the American Rescue Plan. The bill passed the House of Representatives by a vote of 220 - 211 and will soon go to President Biden’s desk to be signed into law.

“The American Rescue Plan will go a long way towards crushing the coronavirus. Under President Biden, for the first time we have a national plan to fight the virus that does not force states and local governments to compete with each other for testing, contact tracing, and medical supplies.

December 21, 2020 Press Release

Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) today issued the following statement after the U.S. House of Representatives passed the Omnibus and Coronavirus Relief Bill:

“This legislation is an all-encompassing package that delivers the resources we need to end the coronavirus pandemic, get help to hardworking Americans, and secure progress in our fight against climate change. It provides funding for vaccines, COVID-19 testing and contact tracing, and direct support to American families.

October 1, 2020 Press Release

Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) issued the following statement today following the passage of the updated Heroes Act:

July 1, 2020 Press Release

Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) issued the following statement following the passage of the Moving Forward Act:

May 15, 2020 Press Release

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.

May 12, 2020 Press Release

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: