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