Protecting Our Economy and Restoring Growth to the Job Market

In 2008, our nation was shaken by the worst economic crisis since the Great Depression. The livelihoods of hard-working families in Hawaiʻi and across the country were put at risk; millions of Americans lost their homes, and many saw their life savings wiped out – all because of risky banking practices by “too big to fail” banks. The banks that were ‘too big to fail’ in 2008 are even bigger today. And while our economy has slowly started to come back from this devastating economic crisis, our nation’s economic health remains at risk. We must ensure that no bank is so big that its risky bets can bring down the entire U.S. economy. 

Raise the Minimum Wage
In Hawaiʻi and across the country, far too many people are working one or two full-time minimum wage jobs, living in poverty, and barely scraping by.  The federal minimum wage has fallen far behind inflation and has actually lost value over time, meaning working families are making less while paying more just to make ends meet. Rep. Tulsi Gabbard is an original cosponsor of the Raise the Wage Act, which would raise the minimum wage to $15 an hour by 2024 and index the minimum wage to the median wage growth thereafter. The federal minimum wage has stagnated for the last 10 years, and it is long overdue for Congress to do the right thing for hard-working Americans and raise the minimum wage. 

Break up the Big Banks and Hold Wall Street Accountable for Their Risky Investments
We must create a banking system that works for every American—not just Wall Street CEOs—and enact and strengthen reforms that will protect our economy from another massive collapse. Tulsi is a cosponsor of legislation such as the Return to Prudent Banking Act (H.R.381) and the 21st Century Glass-Steagall Act (H.R.3711) to help protect Americans from big banks’ roll of the financial dice. To help ensure the financial stability of our nation, Tulsi is continuing to fight against dangerous behavior on Wall Street where investors take big risks on the backs of American taxpayers. She has urged criminal investigations of Wall Street executives who take money from American taxpayers, such as what recently happened with Wells Fargo, the nation’s largest “too big to fail” bank. 

“I will always fight against the schemes of Wall Street to make risky investments on the backs of American taxpayers.” -Rep. Tulsi Gabbard

Fighting Against TPP, An Unfair Trade Deal That Will Hurt Americans for Decades to Come
Most major trade agreements over the past few decades have directly, negatively affected hard-working families and small businesses in Hawai‘i and across the country.  We must learn from the past, and not repeat those same mistakes as we work toward a stronger economic future.  Tulsi vigorously fought against the Trans-Pacific Partnership (TPP), a historically massive trade deal accounting for 40 percent of global trade, helping to ultimately defeat it at the end of 2016.

Promoting Economic and Job Growth in Hawai‘i
Our tourism industry is the main driver of Hawai‘i’s economy and creates opportunity for small businesses to grow on every island. Tulsi is continuing to work with federal, state, and county leaders on opening airports for direct international travel, which will help support those local economies. She has also worked to keep air travel taxes and fees as low as possible for people in Hawaiʻi and introduced the Passenger Fee Restructuring Exemptions Act (H.R.1074) to limit the passenger security fee for Hawaiʻi, Alaska and rural areas that rely solely on air travel for basic transportation.  As a member of the Congressional Travel and Tourism Caucus, Tulsi is working to diversify the economic drivers and job creators within the state by welcoming new industries, supporting our local film and TV industry, investing in our aging infrastructure, and encouraging innovative entrepreneurs who are working to make Hawaiʻi as a start-up paradise.

The U.S. military presence in Hawaiʻi also plays a critical role in protecting Hawaiʻi and our nation and promoting stability in the Asia-Pacific. The greater regional stability afforded by the presence of our military allows for opportunity and jobs for local people, adding $14.7 billion annually to our state’s economy.  In 2016, Tulsi worked to secure $200 million for military infrastructure projects across the country in the annual Military Construction and Veterans Affairs funding bill.  

 

More on Protecting Our Economy and Restoring Growth to the Job Market

February 2, 2016 In The News

By: Reps. Tulsi Gabbard (HI-02), Rosa DeLauro (CT-03), Louise Slaughter (NY-25), Marcy Kaptur (OH-09), Peter DeFazio (OR-04), Mark Pocan (WI-02), Barbara Lee (CA-13), Brad Sherman (CA-30), Dan Kildee (MI-05), and Jan Schakowsky (IL-09)

January 7, 2016 Press Release
Washington, DC— Today, Rep. Tulsi Gabbard (HI-02) co-sponsored legislation to extend eligibility for national service programs to citizens of the Freely Associated States who reside in the United States. The legislation, introduced by Congresswoman Madeleine Bordallo (D-GU), would amend Section 5 of the National and Community Service Act of 1990 to include citizens of the Federated States of Micronesia, the Republic of Palau, and the Republic of the Marshall Islands who reside in the U.S. on the list of eligible individuals. The current statute only allows U.S.
December 19, 2015 Press Release
Washington, DC—Rep. Tulsi Gabbard (HI-02) released the statement below following her votes in favor of the Fiscal Year 2016 omnibus spending and tax extender legislative packages. The tax extender package passed with a vote of 318-109.  The omnibus funding legislation passed with a vote of 316-113.  Both were considered as amendments to H.R. 2029, which the Senate then took up and passed by a vote of 65-33. The President signed the legislation into law shortly afterward.
 
August 2, 2015 In The News
By Rep. Tulsi Gabbard, Honolulu Star-Advertiser
Published: August 2, 2015
 
The more we learn about the Trans-Pacific Partnership trade deal, the less we like about it. Because of a woeful lack of transparency, the American people know very little about how this agreement will benefit multinational corporations at the expense of the American worker.

July 28, 2015 Press Release

Washington, DC—Congresswoman Tulsi Gabbard (HI-02) restated the need for transparency in the Trans-Pacific Partnership (TPP) in a speech on the House floor today. TPP Trade Ministers from the 12 participating nations begin private meetings in Ka'anapali, Maui today, where they are expected to conclude negotiations on the deal. Protesters will gather at the Westin Hotel on Maui tomorrow at 12:00pm HST to voice objections on the secrecy of this deal, and the potential impacts it will have. 

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