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
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.
WASHINGTON — House Democrats unveiled two articles of impeachment against President Donald Trump on Tuesday and then handed him a major legislative win — a pending deal on a new U.S.–Canada-Mexico trade pact.
The coincidental byproduct of locking in the deal now is that endangered House Democrats can go home for the holidays and have bipartisan landmark legislation to talk about — as well as impeachment.
WASHINGTON—The cap on state and local tax deductions would be repealed for two years under a new Democratic proposal that almost certainly won’t become law while Republicans control the Senate and White House.
The bill, slated for a House Ways and Means Committee vote Wednesday, signals the Democrats’ position on a provision of the 2017 tax law particularly unpopular with residents of high-tax states such as New York, New Jersey and California.
Washington, DC – Today, U.S. Representatives Sean Casten (D-IL), Bill Foster (D-IL), and U.S. Senator Jeff Merkley (D-OR) introduced the Investor Choice Act, which would prohibit pre-dispute mandatory (or “forced”) arbitration agreements and ban prohibitions on class action lawsuits in customer contracts that investors often must enter into in order to receive services from broker-dealers or investment advisers.
The House Ways and Means Committee could take up legislation as early as next week that would increase a limit on state and local tax deductions that has riled Democrats from high-cost regions, according to a senior panel member.
After the morning rush Monday, it was still a tight squeeze inside Glen Ellyn's Metra station when village officials made the case for replacing the outdated depot.
The occasion was a ceremony to formally unveil a $14.4 million grant for construction of a new station and a pedestrian tunnel.