Congress Creating New Jobs, Economic Growth and Cost Savings in California’s 28th District
On Thanksgiving, California families gather for good food, good company and meaningful reflection on all that we are thankful for as 2022 comes to a close.
Another year was a challenge. While the economy has rebounded from the pandemic, we are still dealing with its long-term impacts, such as runaway inflation. High prices have families everywhere keeping a watchful eye on their wallets, and we’re working in Congress to lower costs.
In March 2021, Congress passed the American Elevation plan, which includes direct support for millions of workers, families, small businesses, and local governments and states affected by COVID-19. This economic revival has made it very necessary for businesses to hire more workers and also to pursue new expansions.
In the 28th District alone, 32,500 jobs were created and 1.65 million jobs were created across California. Our statewide unemployment rate has risen to 3.9% from 8.8% at the beginning of 2021.
The American Rescue Plan was particularly vital to small businesses and entrepreneurs who put their dreams on hold. In addition to the many businesses that have closed their doors, 12,700 new business applications were filed in our district in 2021, and more than half a million were filed statewide.
It’s about more than just getting back to business as usual. Both district and state-wide, there is more than a 35% increase over the pre-pandemic years.
Congress went beyond the law to stimulate not only job growth, but growth in key sectors such as construction, manufacturing, technology and clean energy that will promise stable, safe lives for generations of Californians.
The Chips and Science Act, for example, is making historic investments in American research and manufacturing to create more future technologies here at home and boost America’s economic competitiveness. Already 700 manufacturing jobs have been created in our district and 53,200 statewide.
And the Inflation Reduction Act supports new industries in clean energy, a sector that will see new investment as we put real muscle in fighting the climate crisis. Today, 48,000 workers in our country are already employed in clean energy – a number that will continue to rise as the bills unfold over the decades.
And California families are getting financial help in other areas of their lives as well.
Starting in the new year, the Health Care Inflation Reduction Act will save 104,000 seniors in our district and significantly save 5.25 million on prescription drugs with a new $2,000 annual cap on prescription drugs and a $35 monthly cap on insulin. And at the request of 53,000 of my constituents, they were kept from seeing health care premiums rise, or be at full cost.
This doesn’t even include the new savings Californians will realize on their energy bills from the Growth Reduction Act, or the new jobs from major infrastructure projects in our district thanks to the Bipartisan Infrastructure Act.
None of these are enough and we must do more. But it is delicious.
Lowering inflation will remain my top priority as Congress prepares to debate the new session. But this data on thousands of families swimming in new jobs, rising wages and significant savings is an important sign that we are moving in the right direction.
This Thanksgiving, I am thankful for so many things—for the safety of my family and the kindness of my friends. I am also grateful for the continued ability to serve and advocate for my constituents.
Have a safe and happy holiday and I hope to see you soon.