Jobs and the Economy
Carolyn Maloney is the past Chair of the Joint Economic Committee. She’s taken on a leading role in addressing the nation’s economic problems and fought for consumer protections. At the same time, she’s modernizing financial service laws and regulations, advocating for transparency and fairness. Her work on job creation, identity theft, and foreign investments protected Americans and made Carolyn a leader on economic issues.
After years of failed policies and lax regulation in the Bush administration, we're experiencing the toughest economy in generations. To create and save jobs, Carolyn supported stimulus funding that kept the recession from becoming far worse. In New York, that's meant billions of dollars for public schools and universities; highway, bridge, mass transit, and clean-water infrastructure capital funding; hospitals and healthcare providers; and other key sectors of the local economy that provide good-paying jobs and valuable services. Carolyn also fought for middle class tax relief, shielding families in bad times from the Alternative Minimum Tax.
Right now, Carolyn is working on the Investing in America’s Small Businesses Act of 2011, or “Micro-Biz” Act, to help small businesses flourish in New York City and across the nation. If passed, the act will create Community Development Financial Institutions to provide the loans new businesses need to start up, which will help create jobs and get our economy back on its feet again.
For years, Carolyn led the fight for federal support for critical job- creating infrastructure projects here at home, like the Second Avenue Subway and East Side Access. They're the two largest mass transit projects being built in the U.S. - both located almost entirely in the new 12th Congressional District - Carolyn’s work helped bring home over $4 billion in federal dollars and create 38,000 good-paying jobs for New York's economy.