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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

November 19, 2021 Press Release

WASHINGTON, DC – Congressman Frank Pallone, Jr. (NJ-06) released the following statement today after the U.S. House of Representatives passed the Build Back Better Act:

“Today, the House passed once-in-a-generation legislation that invests in the American people, responds to the great challenges of our time, and builds a better future for generations to come. 

November 5, 2021 Press Release

WASHINGTON, DC – Congressman Frank Pallone, Jr. (NJ-06) released the following statement today after the U.S. House of Representatives passed the Infrastructure Investment and Jobs Act:

August 5, 2021 Press Release

Piscataway, NJ – Congressman Frank Pallone, Jr. (NJ-06) today toured labs at Rutgers University with Secretary of Commerce Gina M. Raimondo. The labs perform cutting edge research on robotics, clean energy, and sustainable manufacturing. The tour highlighted the need to spur economic growth in the United States through federal investment in innovation, American manufacturing, and research and development.

July 13, 2021 Press Release

Long Branch, NJ – Congressman Frank Pallone, Jr. (NJ-06) today announced that ten requests for Community Funded Projects he submitted to the Appropriations Committee for New Jersey’s Sixth Congressional District will advance in the House of Representatives. These requests are included in House appropriations bills that are expected to receive a vote on the House Floor in the coming months.

The projects include:

July 12, 2021 Press Release

Long Branch, NJ – Congressman Frank Pallone, Jr. (NJ-06) held a virtual press conference today to encourage hardworking families to be on the lookout for advance monthly payments of the Child Tax Credit of up to $300 per month per child beginning July 15th through December. He was joined by Tim Fallon, a single father who resides in New Brunswick and Yarrow Willman-Cole, Workplace Justice Program Director for New Jersey Citizen Action.

July 1, 2021 Press Release

Washington, DC – Congressman Frank Pallone, Jr. (NJ-06) applauded House passage of the INVEST America Act, a $715 billion transportation bill that invests in surface and water infrastructure and will create jobs, revitalize the economy, improve public health, and increase the safety of automobiles. An additional $44 billion was added during the legislative process to make even greater investments in infrastructure, including EV charging and passenger rail grant programs, among other additions.

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.