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Jobs & Economic Justice

Congresswoman Nancy Pelosi joins Representatives Anna Eshoo, Barbara Lee, Jackie Speier and Mark DeSaulnier; Bay Area labor leaders; and local union apprentices at the United Association Local 38 Joseph P. Mazzola Training Center to discuss the good-paying union jobs created by the Infrastructure Investment and Jobs Act.

The American people deserve a government that protects hard-working families – not billionaires and special interests. In accordance with this belief, Congressional Democrats – working alongside President Biden – are putting People Over Politics: fighting for lower costs and better-paying jobs for all of America's families. Democrats have passed an aggressive economic agenda to help the hard-working men and women who have been left out and left behind for too long.

When President Joe Biden was sworn in, our nation faced a raging pandemic and painful economic crisis. Fortunately, fueled by our American Rescue Plan and the President's strong executive action, Democrats powered an historic economic recovery that has created a record number of new jobs and slashed the unemployment rate – including the biggest single-year drop in our nation's history. And with our Bipartisan Infrastructure Law, we are rebuilding our communities while transforming our middle class: repairing roads and bridges, improving public transit, securing clean water and delivering quality broadband across the country.

Congressional Democrats remain laser-focused on fighting inflation and creating good-paying, union jobs. Our CHIPS and Science Act delivered historic investments to lower costs for families here at home while reigniting America's competitiveness on the world stage. Allocating $52 billion to bolster our nation's production of semiconductor chips, this legislation will reinvigorate American manufacturing and create nearly 100,000 jobs. Crucially, these federal investments come with strong guardrails, ensuring they go straight into our economy – not into corporate pockets.

And most importantly, with Democrats' Inflation Reduction Act of 2022, President Biden signed landmark legislation to increase the leverage of the people's interest over the special interest:

  • Bringing down health care costs by extending Affordable Care Act subsidies for three more years and empowering Medicare to negotiate lower prescription drug prices.
  • Investing in bold climate action to slash carbon pollution by 40 percent this decade, create nine million new jobs and save families around $1,000 on theirannualenergy bills.
  • Fighting inflation through a monumental $300 billion investment in responsible deficit reduction – funded by a 15 percent corporate minimum tax on large, billion-dollar companies and a 1 percent tax on corporate stock buybacks, which only enrich shareholders. Importantly, these provisions honor President Biden's pledge: no new taxes on families making less than $400,000 and no new taxes on small businesses.

In sharp contrast, Republicans spent years working to hollow out our economy, failing hard-working families with a disastrous special interest agenda that sought only to further enrich the wealthy and well-connected. They ballooned the national debt, undermined families' health and financial security and obstructed urgently-needed pandemic relief. While they try to raise Americans' health costs and fund tax breaks for billionaires, Congressional Democrats will build an economy that works for everyone, not just the elites and special interests.

President Biden and Democrats in Congress will continue fighting to lower families' costs, grow paychecks and fuel greater opportunity for all. The American people demand and deserve transformative action – and Democrats are proud to deliver real results to their kitchen tables as we put People over Politics.

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