Economy and Jobs
Our country has come a long way since 2008 when our nation experienced the worst financial crisis since the Great Depression. Since that time, I’m proud to say our economy has significantly recovered. Thanks in large part to the policies implemented under the Obama Administration, unemployment has been cut in half, household wealth exceeds pre-crisis levels, and we’ve had the longest streak of private-sector job growth in our history. However, it’s indisputable that too many Americans still aren’t experiencing the benefits of our growing economy. In fact, between 2009 and 2012, 91 percent of income gains went to those in the top one percent. This means it’s harder for middle-class Americans to climb the ladder of success, and even harder for poor Americans to grab hold of the lowest rung. I believe that expanding our middle class requires us to adopt a combination of policies that tackle income inequality so all Americans have a fair shot in today’s economy and polices that accelerate economic growth so American workers and businesses can thrive in tomorrow’s economy.
In Congress, I’m an active member of the New Democrat Coalition, which is a pro-growth, fiscally-responsible, solutions-oriented coalition of members that seeks to bridge the partisan divide and enact new and innovative policies that will help build a 21st century American economy. I’ve been proud to introduce legislation, which is now law, that will give small businesses a greater voice in the regulatory process. I’ve also supported legislation to expand small business exports overseas; raise the minimum wage; combat wage discrimination; and reward businesses that hire veterans. Furthermore, I have opposed efforts to undermine worker's rights and have addressed the importance of strengthening our unions.
While the Trump Administration has proposed devastating budget cuts to a number of federal agencies and programs that American families depend on, I have worked hard as a member of the House Appropriations Committee to promote policies that would provide Illinois families with new economic opportunities.
To celebrate Startup Day Across America, Rep. Quigley visited mHUB in Chicago to raise awareness about the benefits that startups can have for local economies.
Small businesses are vital to the Fifth District’s economy. To promote supporting small businesses and show what they contribute to the community, Rep. Quigley visited Unabridged Bookstore in Lakeview to celebrate National Small Business Week.
Rep. Mike Quigley hosted a roundtable with ACG Global and prominent Chicago women in finance for a roundtable discussion to better understand the barriers women face in their ascent to leadership positions in the financial sector.
More on Economy and Jobs
Today, U.S. Representative Mike Quigley, a member of the House Appropriations Committee and Chair of the Subcommittee on Financial Services and General Government, released a statement following President Joe Biden’s first joint address to Congress:
“Just 99 days into President Biden’s presidency, our country has come together to make incredible progress in the fight against the pandemic. President Biden and Democrats know the work isn’t over yet.
Today, U.S. Representatives Mike Quigley (IL-05) and Brian Fitzpatrick (PA-01) introduced the Gym Mitigation and Survival (GYMS) Act to provide much-needed assistance to gyms, fitness studios, and fitness facilities that have struggled as a result of the COVID-19 pandemic. The GYMS Act would provide $30 billion to the Small Business Administration to disburse grants to eligible fitness business.
Today, U.S. Representatives Mike Quigley (IL-05) and Brian Fitzpatrick (PA-01) introduced the bipartisan Health and Fitness Recovery Act of 2020. During the COVID-19 pandemic, health and fitness centers have been forced to close their doors, causing turmoil throughout the industry and putting thousands of jobs at risk.
Today, U.S. Representatives Mike Quigley (D-IL), Earl Blumenauer (D-OR), Tom Reed (R-NY), and Ann Wagner (R-MO), with more than 120 of their colleagues, urged Secretary of the Treasury Steven Mnuchin to delay the federal excise tax filing and payment due dates for beverage alcohol through the end of the year.
As of this week, over 1.5 million Americans have contracted coronavirus and over 90,000 have died – including more than 4,100 here in Illinois. And last month, nearly 22 million Americans filed for unemployment. I know that essential workers can’t wait for support and families can’t wait to pay rent or to keep food on their tables. I was proud that Congress mobilized quickly to pass three pieces of smart, bipartisan legislation but the crisis hasn’t ended, and Congress can’t consider our work done either.