Jobs and the Economy
Hardworking Americans deserve an economy that works for them. A strong economy, good jobs, and worker protections have made the United States a prosperous country and have ensured that the next generation can build better lives. One of my key priorities is the future of work in a world where technology is rapidly changing. Congress needs to prepare now for the future changes in the economy and job growth. As a co-chair of the Future of Work Task Force of the New Democrat Coalition, I work closely with other members of Congress so that we can better understand how technology will alter our economy and what it means for future generations. I want all Americans to have a place in the economy of the future, and I strongly believe it is Congress’s responsibility to understand how technology will change the ways Americans work.
You can find out more on the future of work here.
My Work on Jobs and the Economy
Ending a tax deduction for interest paid on student loans. Raising taxes for more than 100,000 graduate students who receive tuition waivers. Imposing a levy on endowments at certain private colleges and universities.
These actions are anathema to higher education leaders across the country. Yet they all appear in the House-approved Republican tax overhaul, evidence of a growing disconnect between large segments of the GOP and colleges that, for generations, have wielded enormous clout on Capitol Hill.
WASHINGTON, DC - I opposed the Republican tax plan because it will raise taxes on middle class families in Illinois, slash Medicare by 25 billion dollars next year, and pass on trillions of additional debt for our children to pay – all in order to provide massive permanent tax breaks for large corporations and the very wealthy. Rather than an honest attempt to simplify and reform our tax code, this bill is an excuse to give wealthy families and their children a permanent tax break while increasing the national debt by trillions of dollars.
Local Congressional members toed the political party line Thursday when the U.S. House voted 227-205 in support of the Tax Cuts and Jobs Act, which calls for major changes in the personal and corporate tax structure.
The nearly $1.5 trillion tax overhaul drawn up by the GOP would lower the corporate tax rate from 35 percent to 20 percent, cap the deduction for property taxes at $10,000, and eliminate the deduction for state and local income tax and sales tax.
WASHINGTON, DC - A first look at the Republican tax plan confirms all of our worst fears. It would push trillions of dollars of additional debt onto our children. It would raise taxes for hardworking families in Illinois while giving a tax cut to corporations and the wealthiest families and their children. The end of the alternative minimum tax will mean that wealthy people will once again be able to hire tax lawyers to slash or entirely eliminate their taxes.
WASHINGTON, DC - As a businessman and the only PhD scientist in Congress, I always look to the facts to make thoughtful policy decisions, and the claim that the Republican budget will grow the economy and help the middle class is not based on facts. This budget will inflict hardship on millions of Americans while paving the way for tax breaks for millionaires and billionaires – tax breaks that history shows will not help grow our economy or create jobs.
In a new series called “Our Representatives,” Morning Shift is reaching out to all 26 House members and senators in Washington that represent the people in the WBEZ listening area. In this first installment, host Jenn White talks with Illinois Democratic Congressman Bill Foster.
Equal pay for women will probably not become a reality for years to come, some area leaders said at a forum on women's issues in Aurora on Thursday.
WASHINGTON, DC – Today, Congressman Bill Foster (D-IL) issued a statement on the responses from the National Aeronautics and Space Administration (NASA) and National Institutes of Health (NIH) on the number of cuts if the President’s FY2018 Budget Request takes effect.
WASHINGTON, DC – Today, Congressman Bill Foster announced the formation of the bipartisan Payer State Caucus for the 115th Congress. Congressman Leonard Lance (R-NJ) joined the Caucus as Co-Chair to call attention to the discrepancy in revenue formulas that causes some states to lose federal tax revenue every year.
WASHINGTON, DC – Today, Congressman Foster (D-IL) issued a statement on the National Science Foundation’s reported cuts if the President’s FY2018 Budget Request takes effect. The agency estimates that 13,000 researchers, professionals, and students could be affected by the proposed budget cuts.