A strong, stable economy rests on supporting businesses and working families. In order for positive economic growth to continue, Congress must pursue policies that allow employees to benefit from the financial gains of companies; promote job creation for small businesses; and build ladders of opportunity to create economic mobility.
Growing the Middle-Class
Despite recent growth in the stock market, we continue to see stagnated wages and growing economic inequality. The rising costs of child-care, increasing housing costs, lack of paid sick and family leave, as well as the inability for many workers to invest in retirement plans, creates significant barriers to growing wealth. Representative Neguse is fighting to ensure that American workers have basic workplace protections and fair wages that families need in order to pursue their economic goals. Representative Neguse supports fair wage policies such as the Paycheck Fairness Act and Raise the Wage legislation to increase the minimum wage to $15 to ensure that we build out an economy that works for everyone.
Access to affordable housing is the cornerstone to helping communities, families, and businesses thrive. A healthy housing market provides a mix of housing options - both homeownership and affordable apartments - for all households on the income spectrum. Numerous studies have proven that stable housing has benefits beyond putting a roof over one’s head, including improved early childhood education outcomes and reducing chronic health conditions. However, many Coloradans find themselves dedicating more of their income on housing costs as rental markets have tightened and housing sale prices have soared. Representative Neguse is working to balance the housing system to help Colorado families have access to housing that best meets their needs and financial goals while ensuring salaries can keep pace with the higher costs.
Small Businesses, Entrepreneurship and Innovation
Small businesses form the engine of our economy, making up nearly half of private-sector employment. Fostering an environment for entrepreneurs to pursue their business goals, enabling small businesses to grow and allowing employees to partake in the growth of a company not only builds a strong economy, but also creates a sustainable one.
The success of businesses and workers depends on fundamentally reforming the tax code. By limiting deductions and eliminating special interest loopholes we can support job creation, encourage investments in small businesses and help working families keep more money in their pockets. We need a simple and fair tax code that ensures predictability for businesses, individuals and our federal budget.
Having served as director of Colorado’s consumer protection agency, Representative Neguse is committed to protecting the civil rights of every Coloradan and strengthening consumer protections and safeguards. As Vice Chair of the Judiciary Subcommittee on Antitrust, Commercial and Administrative Law, Representative Neguse will continue to champion legislation on behalf of consumers.
More on Economy
Washington, D.C.— This week, Representative Joe Neguse, introduced a bicameral legislative package to ensure fair, equitable policies on affordable housing contracts. The two bills, the Save Affordable Housing Act and the Affordable HOUSE Act change existing rules for properties constructed with the Low Income Housing Tax Credit to cut red tape and preserve America’s commitment to providing affordable housing.
Washington D.C. — Today, an amendment brought by Congressman Joe Neguse to ensure the protection of senior consumers passed on the House floor with bipartisan support along with H.R. 1500 the Consumers First Act. The amendment would require the Director of the Consumer Financial Protection Bureau (CFPB) to issue an annual report to Congress of consumer complaints from older Americans, including a state-by-state breakdown of complaints by type of consumer financial product or service.
Washington D.C.— Congressman Joe Neguse testified before the House Committee on Transportation and Infrastructure at today’s Members’ Day hearing. Below are his remarks:
“I represent the great 2nd district of the state of Colorado, including Boulder, Fort Collins and northern Colorado and many mountain communities, and my constituents are looking to leaders in Washington and representatives of this Committee to prioritize much needed investments in our infrastructure.”
Washington D.C.— Congressman Joe Neguse (D-CO) and Congressman Van Taylor (R-TX) are launching a bipartisan Congressional Caucus on Innovation and Entrepreneurship to promote federal policies that create jobs and to encourage the growth of early-state innovative companies. The Caucus will educate Members and staff on how the federal government can stimulate robust economic growth by fostering conditions that support entrepreneurs and their efforts to obtain the resources needed to start and grow their companies.
Washington, D.C.— Today, Congressman Joe Neguse was named to serve as the Vice Chair on Housing and Transportation in the Majority Leader Task Force on Poverty and Opportunity. The Task Force works to bring attention to the need for comprehensive efforts to eradicate poverty.
Washington D.C.— Congressman Joe Neguse released the following statement in response to President Trump’s 2020 budget draft, released today:
Washington D.C.— Today, Congressman Joe Neguse, with Congresswoman Barbara Lee, introduced the Restraining Excessive Federal Enforcement & Regulations of Cannabis (REFER) Act, a bipartisan bill to prevent federal agencies from using taxpayer funds to interfere in state and local cannabis laws.
Washington, D.C.— Following his swearing in on January 3rd, in Washington D.C., Congressman Joe Neguse went to work immediately to fix the ongoing government shutdown and has introduced several pieces of original legislation that will have a positive impact on the 2nd Congressional District and State of Colorado. Despite being a freshman, Rep.