Economics

I believe that America's working families are the backbone of our economy and country. As such, I am fighting in Congress for policies that will strengthen America's middle class by creating good jobs that pay fair wages and offer workers the benefits they deserve. From rights in the workplace to consumer protections, affordable health care and support for small businesses, each policy impacts the economic well-being of our country. After years of financial sector deregulation and the subsequent housing crisis that led to the Great Recession, I have supported aggressive policies to create jobs and regulate a reckless financial sector in order to get our economy back on track. I am proud of the progress that has been made, and will fight to stop the current administration from taking us back down the same fateful path that caused the Great Recession.

Yet still many workers haven't seen a real rise in pay in the past 30 years and inequality is at an all-time high. Wealthiest Americans continue to reap the largest benefits from the economic recovery. Our workers can’t afford another recession - some paychecks have just begun to grow and we still have a long way to go before wages catch up with the current cost of living, especially for women and communities of color. 

Now is the time for comprehensive solutions to rewrite the rules of our economy so it works for all Americans, not just the wealthy. Some of the policies I have championed during my time in Congress include: Medicare For All, debt-free college, raising the federal minimum wage, expanding Social Security, moving to 100 percent renewable energy, comprehensive immigration reform and paid leave and child care. As co-chair of the Congressional Progressive Caucus, I release a budget proposal every year that charts a course of responsible economic growth and investments to help working Americans get ahead. In contrast to the Republican plan, this budget reinvests in American families, prioritizing funding for education, infrastructure, jobs, clean air, and water all while ensuring that the largest corporations and the wealthiest Americans pay their fair share. The Economic Policy Institute released an analysis of The People’s Budget, which can be found here

Unfortunately, the new Trump tax cut for the largest corporations, wealthy oil companies and the richest 1% is a recipe for economic decline. The notion that the gains of the uber-wealthy and largest corporations will "trickle-down" to workers has proven to be false time after time. Despite promises to help the working class, this administration has dismantled overtime pay, overturned rules that prevented financial advisors from cheating clients, undermined workers’ rights to organize, and attacked the Consumer Financial Protection Bureau. The president's policies have attacked immigrants, social safety nets and those with disabilities, despite economic evidence that immigration reform is an overwhelming benefit to our nation and that social safety nets lift people out of poverty.

The strength our economy depends on the strength of families.

More on Economics

January 21, 2021 Press Release

WASHINGTON— Today, Rep. Raúl M. Grijalva introduced his first bill of the new Congress. The Border Business COVID-19 Rescue Act will provide targeted funds to small businesses along the border to address the unique economic injuries incurred during the COVID-19 pandemic.

December 28, 2020 Press Release

WASHINGTON— Today, the House of Representatives passed the CASH Act, a bill that would increase the amount of economic impact payments under the latest COVID relief bill from $600 to $2,000. After voting for the measure, Rep. Raúl M. Grijalva issued the following statement:

December 21, 2020 Press Release

WASHINGTON— Today the U.S. House of Representatives will vote on a COVID-19 relief package that includes more relief for small businesses alongside direct economic aid to individuals in the form of relief payments, expanded unemployment benefits, and rental assistance. Rep. Grijalva issued the following statement noting his support for the package:

October 1, 2020 Press Release

TUCSON Today, the House of Representatives voted on an updated version of the Heroes Act. After voting in support of the legislation, Rep. Grijalva issued the following statement:

September 28, 2020 Press Release

TUCSON— After the New York Times published a report on the President’s tax returns showing that President Trump paid only $750 in income tax in 2016 and 2017, Rep. Raúl M. Grijalva issued the following statement:

July 8, 2020 Press Release

TUCSON This week, the Consumer Financial Protection Bureau rescinded a series of rules and regulations that oversaw the payday lending industry, making it easier for predatory short-term loan agencies to issues quick, high-interest loans to vulnerable con

May 28, 2020 Press Release

TUCSON— Today, the House of Representatives passed the Paycheck Protection Program Flexibility Act which would fix major issues with the Paycheck Protection Program (PPP) and allow Arizona’s small business owners more flexibility on how they can spend their loan to ensure they can keep their business afloat. 

May 13, 2020 Press Release

TUCSON— This week, Rep. Raúl M. Grijalva joined House Democratic Leadership in introducing the Heroes Act, the fifth relief package to address the economic fallout and health consequences of the COVID-19 outbreak. The bill includes numerous provisions to increase testing, provide hazard pay to essential workers, and put money in the pockets of workers and their families.

April 3, 2020 Press Release

TUCSON Today, Rep. Raúl M. Grijalva, Rep. Judy Chu (D-CA) and Rep. Lou Correa (D-CA) introduced the Coronavirus Immigration Families Protection Act. The bill would ensure that the relief authorized under the Coronavirus Aid, Relief, and Economic Security (CARES) Act is also available to immigrant families.