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

June 28, 2015 Press Release

Washington, DC– On June 25, Congresswoman Tulsi Gabbard (HI-02) voted in favor of H.R. 1295, the Trade Preferences Extension Act of 2015, which includes Trade Adjustment Assistance (TAA). TAA supports American workers who lose their jobs or experience wage reductions as a result of foreign trade and includes worker support services such as job retraining and income assistance. Thursday was the second time the House of Representatives voted on TAA in the 114th Congress.

June 18, 2015 Press Release
Citing Support for Public Safety Employees, Gabbard Criticizes Tactic to Pass Fast-Track Bill
 
June 2, 2015 Press Release

WASHINGTON, D.C. – Today, the Hawai’i Congressional Delegation announced that the Honolulu International Airport will receive $16.5 million in grant funding from the U.S. Department of Transportation.

 

February 25, 2015 Press Release
Washington, D.C. – Congresswoman Tulsi Gabbard (HI-02) today testified before the House Committee on the Budget to state her opposition to a component of the Concurrent Resolution on the Budget for Fiscal Year 2016 that increases a travel fee which would adversely affect the residents of Hawaii.
 
October 21, 2014 Press Release

Media Advisory for October 22-24, 2014—This week, Congresswoman Tulsi Gabbard (HI-02) will deliver keynote addresses at Hawaiʻi events in support of women leadership positions in the business sector and to promote job creation, infrastructure improvements, and boosting the economy.  She will also meet with a Kona accelerator that recently earned accolades from the U.S. Small Business Administration to recognize their work in support of entrepreneurship, tour the studio, and meet with the staff.

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