Jobs and the Economy
Congresswoman Trahan grew up in a working-class family in Lowell, Massachusetts. Her father was a Union Ironworker and her mother worked multiple minimum-wage jobs while raising her and her three sisters. Like so many others, they lived paycheck to paycheck and felt the tight grip of economic anxiety.
The current economy is not working for the majority of Americans. For too long, politicians in Washington have ignored the needs of working Americans while rewarding corporations and special interests. Congresswoman Trahan is fighting for an economy that puts workers and their families first.
Jobs, the Economy, and COVID-19
The coronavirus pandemic has had consequences reaching far beyond the spread of this dangerous virus. As the number of positive cases of COVID-19 continue to rise, states have been forced to place restrictions on many non-essential businesses to slow the spread. This dramatic halt in everyday economic activity has left small businesses with a significant drop in revenue. Businesses across the country are struggling to keep employees on payroll as we continue to experience unprecedented levels of unemployment.
Congresswoman Trahan believes it takes a whole of government approach to respond to both the public health and economic crises created by this pandemic, and that includes the federal government stepping up to workers, small business owners, and their families enduring economic hardship.
Federal Response to COVID-19
The passage of the Coronavirus Aid, Relief, and Economic Stimulus (CARES) Act allocated $350 billion in loans for small businesses through the Paycheck Protection Program, which provides loans of up to $10 million for small businesses and nonprofits to keep workers on their payrolls.
Additionally, the CARES Act gave direct Economic Impact Payments to low-to-middle class families and strengthened our unemployment insurance system.
Congresswoman Trahan voted to pass the Paycheck Protection Program and Health Care Enhancement Act, which strengthened the Paycheck Protection Program through an additional $310 billion in funding.
Additional Legislative Action Taken for the Economy
Raise the Wage Act
Despite working multiple jobs, many workers still struggle to make ends meet at the current federal minimum wage. The federal minimum wage has been stuck at $7.25 an hour for over a decade, leaving hardworking families behind. On July 18, 2019 Congresswoman Trahan along with the majority of the House of Representatives voted to pass the Raise the Wage Act. The Raise the Wage Act aims to gradually raise the federal minimum wage to $15 dollars an hour within six years. It would also index future minimum wage increases to median wage growth while ensuring all workers make at least the full federal minimum wage. If enacted, the Raise the Wage Act will give many American workers a well-deserved pay increase that corresponds with the rising cost of living.
Small Employer Retirement Savings Auto-Enrollment Credit Act
On May 23, 2019 Congresswoman Trahan’s Small Employer Retirement Savings Auto-Enrollment Credit Act passed the House of Representatives as a part of the larger Setting Every Community Up for Retirement Enhancement (SECURE) Act.
The Small Employer Retirement Savings Auto-Enrollment Credit Act was originally introduced by Representatives Trahan and Mike Kelly (R-PA) in March of 2019. It is designed to bolster automatic enrollment in 401(k) retirement plans by employees of small businesses.
Additional Supported Legislation
* indicates the Congresswoman is an Original Cosponsor of that legislation.