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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, 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:

  • $40 billion to deploy secure broadband access in underserved areas nationwide
  • $21 billion to reauthorize the Drinking Water State Revolving Fund (SRF)
  • $1.1 billion in new funding to remove and replace sources of lead in drinking water
  • $4 billion for electric grid infrastructure modernization
  • $1.75 billion for home and school energy retrofits,
  • Reauthorizes the Diesel Emissions Reduction Act to provide $1 billion to reduce emissions from older vehicles including school buses
  • $2.25 billion for new grant programs for distributed energy systems and solar installations $2.7 billion for EPA’s Brownfields redevelopment grants
  • Reauthorizes the Hill-Burton Act to provide $2 billion for hospital infrastructure