On The Issue

Our economy

Adam Schiff petting a dog
Right now, we have a once in a generation opportunity to change our economy and make sure it works for everyone. To invest in our people, families, and workers. And put forth bold solutions to an issue that is personal to each and every one of us – our ability to provide for ourselves and our loved ones.”
Adam Schiff

Our Economy

  • America has changed – young people need an opportunity to get ahead.
  • We cannot, ever, give up our promise to older Americans.
  • Working-class families built America – we must now build it back better
  • It’s time for the wealthy and corporations to pay their fair share

Right now, our economy works for the wealthiest few — many billionaires and big corporations pay zero dollars in taxes, while working-class Americans struggle to make ends meet. And too many young adults are unable to start their lives, get ahead, or live comfortably due to crippling student debt. And this has all been exacerbated by the COVID-19 pandemic.

At this moment, we have a once in a generation opportunity to shift our economy. Invest in our people, families, and workers. And put forth bold solutions to a challenge that is personal to each and every one of us – our ability to provide for ourselves and our loved ones.

This is how we can start: 

First, we need to ensure that the wealthy pay their fair share. Let’s face it – corporations or billionaires should never, ever, pay less taxes than a construction worker. And in our present tax system, that happens. And it’s wrong. We must level the playing field.

With that extra revenue, we can invest in our people by; Funding food programs and direct relief to end child poverty as we know it. Canceling student debt for millions of Americans. Rebuilding public infrastructure. Fighting climate change and generating 100% renewable energy. Passing Medicare for All and expanding support for families. Creating an American economy that works for everyone. And more. 

While Republicans continue to protect a tax system that rewards wealth and punishes working families, Democrats are passing legislation to make the economy work for everyone and help people get back on their feet. 

In 2021, we passed the American Rescue Plan Act which increased the monthly Child Tax Credit up to $300 per child per month, expanded health care coverage, extended unemployment insurance, and so much more. And most noteworthy, Democrats passed this $1.9 trillion rescue legislation without a single Republican vote.

That’s only the beginning, and we’re going to do so much more. It’s time.