Economy and Jobs
Representative Casten knows that families in Illinois’s 6th District want and deserve a strong economy that provides jobs of the future for our children and grandchildren. He is fighting for job creation, economic opportunity for all, and fair and responsible ways to reduce the deficit.
Unfortunately, for too long, too little of our Federal budget has been devoted to investing in our own economy – to building the basic infrastructure that serves as a foundation for private-sector growth.
Contrary to some political schools of thought that have long promoted cutting funding for the sake of claiming small government fiscal constraint, Representative Casten believes that funding infrastructure is one of the best investments we can make, because the jobs that result cannot be outsourced.
Building safer more modern roads and bridges, expanding transit systems, enhancing our waterways, promoting research and development – these are all infrastructure investments that give our businesses tools to grow and create jobs for our citizens. These are all the kinds of investments that Representative Casten is working to advance in Congress.
Not only does Representative Casten recognize that our nation needs to invest in itself, but he also knows that long-lasting economic security requires government policies don’t discourage the private sector from investing in itself and our collective future. That is why he is also working to advance policies that encourage American businesses to flex their muscles and to be innovative, while also being good citizens, stewards, and neighbors.
More on Economy and Jobs
Congressman Sean Casten is a first-term legislator representing Illinois’ 6th congressional district, located in the suburbs west of Chicago.
Washington (AP) -- Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy appears durable, with steady growth and unemployment near a half-century low, but faces risks from the broadening viral outbreak that began in China.
Washington, DC – Today, U.S. Representative Sean Casten (D-IL-06) questioned Federal Reserve (Fed) Chairman Jerome Powell in the House Committee on Financial Services (FSC) about the systemic risks climate change poses to the U.S. and global financial sector and what, if any, action the Fed is taking to mitigate that risk.
Washington, DC – Today, U.S. Representative Sean Casten (IL-06) released the following statement after the Office of Management and Budget (OMB) released President Trump’s $4.8 Trillion budget request for fiscal year 2021 (FY2021).
Washington D.C. – U.S. Representative Sean Casten (IL-06) voted to pass the Protecting the Right to Organize Act (PRO) Act. The bill protects and expands workers’ power to stand together and negotiate for bigger paychecks, better benefits, and safer working conditions. It also closes loopholes that corporations use to exploit workers, strengthens workers’ access to fair union elections, and requires corporations to respect union election results.
Washington, D.C – Today, U.S. Representative Sean Casten (IL-06) released the following statement after he voted to pass H.R. 5377, the Restoring Tax Fairness for State and Localities Act, fulfilling a promise he made to his constituents to repeal the disastrous state and local tax (SALT) deduction cap implemented in the 2017 Republican Tax Bill.
(Bloomberg)—Democrats from high-tax states scored a symbolic victory Thursday as the House voted to repeal a politically fraught portion of President Donald Trump’s tax law: the cap on state and local tax, or SALT, deductions.
The legislation would repeal the $10,000 cap in 2020 and 2021, and raises it to $20,000 for married couples for 2019. The measure is offset by raising the top individual tax rate to 39.6 percent from 37 percent.
The House on Thursday voted to temporarily repeal much of the GOP tax law's cap on the state and local tax (SALT) deduction, a key priority for many Democrats.
The bill passed on a near party line vote of 218-206.
Republicans, though, got their own victory in the process when Democrats agreed to adopt their motion to amend, bringing changes to the legislation.
Washington, D.C – Today, U.S. Representative Sean Casten (IL-06) released the following statement after he voted in support of the United States-Mexico-Canada Agreement (USMCA), which will replace the North American Free Trade Agreement (NAFTA) as the agreement that regulates trade between the three countries.
With a big push from two suburban Democrats, the House Ways & Means Committee late Wednesday voted to dump the tax clause that many Illinoisans have come to detest: the $10,000 a year cap on deducting state and local taxes on your federal income tax return.