Creating Jobs and Strengthening the Economy by Investing in Infrastructure and Innovation
In January 2008, when President Obama took office and I was sworn into the 111th Congress, the economy lost over 750,000 jobs in just one month. After inheriting the worst economy since the Great Depression, President Obama and Congress took the necessary steps to put us on a path to economic recovery. While we are moving in the right direction, job creation and growing the economy remain the top priorities for residents in Maryland’s 4th Congressional District. I believes there are immediate, straightforward, and proven steps to put millions of Americans back to work.
The first is passing President Obama’s American Jobs Act which I co-sponsored. This legislation includes investing $625 million in Maryland infrastructure projects that would create at least 8,100 jobs. It would also provide tax credits for hiring returning veterans and the long-term unemployed, ensure that thousands of teachers, cops, and firefighters can stay on the job, and rehabilitate homes and businesses in communities across the country.
It is important that we no longer continue entertaining old policies driven by ideology. Instead, we must take bold action to rebuild the manufacturing base in America. That is why I sponsored H.R. 689, the 21st Century Investment Act of 2011, which would help by increasing and making permanent the Research and Development (R&D) tax credit and increasing the domestic manufacturing tax credit to spur innovation. This will help create good-paying jobs here in America in the short-term and help lay a foundation for future prosperity for generations to come.
I will continue to fight for the hardworking families of Maryland’s 4th District to create jobs and opportunities.