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 and the 21st Century Glass-Steagall Act 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.
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 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.
More on Protecting Our Economy and Restoring Growth to the Job Market
Washington, DC – Congresswoman Tulsi Gabbard (HI-02) today announced new resources on her official website to help constituents understand the impacts of the possible government shutdown. A list of frequently asked questions is available here.
Washington, DC – Today, Congresswoman Tulsi Gabbard (HI-02) voted against a short-term funding bill that would maintain current arbitrary sequestration cuts and defund Obamacare as a condition of funding the federal government. The Continuing Resolution, which keeps the federal government funded in the short term, passed the House of Representatives today by a vote of 219-196. It would fund the government through December 15, 2013.
Congresswoman Tulsi Gabbard (HI-02) today announced her public Hawai‘i meetings next week on Oahu and Kaua‘i. She will visit with local organizations that are promoting educational and economic opportunities for Hawai‘i’s keiki and families.
Monday, August 19: Oahu
1:15 p.m.: Tour the new UH Cancer Center and learn about the facility’s capabilities and the educational opportunities available to UH medical students.
Washington, DC – Congresswoman Tulsi Gabbard (HI-02) today delivered remarks on the floor of the U.S. House of Representatives to highlight Hawai‘i’s unique need for comprehensive immigration reform. She noted the particular challenges facing Filipino families and small businesses in Hawai‘i.