Issue: Economy and Jobs

Walorski Applauds $4 Million Workforce Development Grant for Wabash County

Walorski Applauds $4 Million Workforce Development Grant for Wabash County

U.S. Department of Commerce Investment in Heartland Career Center Will Expand Career Training in Health Care, Advanced Manufacturing

MISHAWAKA, Ind. – U.S. Rep. Jackie Walorski (R-Ind.) today applauded a $4 million grant from the U.S. Department of Commerce’s Economic Development Administration (EDA) to expand the Heartland Career Center in Wabash County. The investment will establish a new facility to provide adult career training in health care and advanced manufacturing.

“Indiana is in a strong position to rebuild our economy because the Hoosier workforce is second to none,” Congresswoman Walorski said. “This investment in career training in Wabash County will open new opportunities in good-paying health care and advanced manufacturing jobs for Hoosier workers and drive new investment in our communities. I was honored to work with Heartland Career Center to ensure this grant was awarded where it will make a real difference in people’s lives, and I look forward to continuing to work together to renew the American Dream.”

BACKGROUND

According to the Commerce Department, which announced the grant on Monday, the funding will be matched with $1 million in local funds to help create or retain nearly 150 jobs and spur private investment in a nearby Opportunity Zone. Created under the Tax Cuts and Jobs Act, which Congress passed and President Trump signed into law in 2017, Opportunity Zones drive private investment toward economic development in economically-distressed communities nationwide.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski Introduces Bill to Double R&D Tax Credit

Walorski Introduces Bill to Double R&D Tax Credit

Legislation Would Boost Investment in Innovation, Expand Access to Tax Credit for Small Business Startups

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today introduced legislation to double the R&D tax credit and allow more small business startups to access the credit.

“America’s recovery from the unprecedented crisis we are facing will be driven by our innovative and entrepreneurial spirit,” Congresswoman Walorski said. “Doubling the R&D tax credit will encourage companies – especially small businesses and startups – to invest more in research and development that will unleash economic growth and prosperity. This commonsense measure will go a long way toward keeping America ahead of our global competitors and ensuring we continue to lead the world in scientific discoveries, technological breakthroughs, and cutting-edge manufacturing.”

“America can be the world leader in innovation if we focus on economic growth and making the U.S. medically independent. We have an agenda for a healthy American economy, and it starts with bringing manufacturing back to the United States–particularly on the very medical supplies and drugs we need today,” Ways and Means GOP Leader Kevin Brady (R-Texas) said. “America is going to harness innovation to cure coronavirus, return drug manufacturing to the United States, and make America healthy again. I want to thank Rep. Walorski for her leadership on this bill.”

BACKGROUND 

H.R. 7766 would double the rate for each of the options businesses have to access the research and development (R&D) tax credit.

  • Double the “Traditional” Credit to 40 Percent: For more established companies, the existing traditional credit rate – which uses a complicated formula – would double from 20 percent to 40 percent of the increase in R&D spending.
  • Double the Alternative Simplified Credit (ASC) to 28 Percent: The existing ASC rate – which uses a simpler formula – would double from 14 percent to 28 percent of the increase in R&D spending.
  • More than Double the Credit for Firms with Little Research History to 14 Percent: For companies with no history of U.S. research in the past three years, the credit would more than double from 6 percent to 14 percent of R&D spending. (The current rate would have been 7 percent if not for a prior drafting error.)
  • Double the Startup Limit to $500,000: Companies with relatively low income in the past five years can take one of the above credits as a credit against Social Security payroll taxes. The limit on the amount they may claim would double from $250,000 to $500,000.

This proposal is supported by the National Association of Manufacturers.

The full text of the legislation can be found here.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski: Great American Outdoors Act Will Boost RV and Boat Manufacturing, Protect Natural Resources

Walorski: Great American Outdoors Act Will Boost RV and Boat Manufacturing, Protect Natural Resources

Bipartisan Legislation Will Revitalize National Parks, Enhance Access to Public Lands, Strengthen Outdoor Recreation Industry

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today voted for the Great American Outdoors Act, bipartisan legislation that will revitalize our national parks, strengthen conservation efforts, support RV and boat manufacturers, and create Hoosier jobs.

“Our nation’s public lands have long been treasured sources of respite, enjoyment, and beauty available to every American, and they play a critical role in our economy,” Congresswoman Walorski said. “Hardworking Hoosiers know that better than anyone: manufacturers in northern Indiana build made-in-America outdoor recreation products, including 80 percent of the nation’s RVs. The Great American Outdoors Act will support RV and boat manufacturers and their workers, promote conservation, and revitalize our national parks so Americans can enjoy them for generations to come.”

Video of Walorski speaking on the House floor in support of the legislation is available here.

The House passed the Senate Amendment to H.R. 1957, the Great American Outdoors Act, by a bipartisan vote of 310 to 107. The bill now heads to the president’s desk for his signature. President Trump has expressed support for the legislation.

Walorski last week authored a guest post for the RV Industry Association in support of the Great American Outdoors Act.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski, Peterson Introduce Bill to Extend China Tariff Exclusions

Walorski, Peterson Introduce Bill to Extend China Tariff Exclusions

Measure Would Grant U.S. Businesses One-Year Renewal of Existing Product Exclusions from Section 301 Tariffs

WASHINGTON – U.S. Reps. Jackie Walorski (R-Ind.) and Collin Peterson (D-Minn.) today introduced bipartisan legislation to provide American businesses another year of relief from Section 301 tariffs by extending product exclusions currently in effect.

“China has a long record of unfair trade practices, and we need to continue holding them accountable while at the same time protecting American farmers, manufacturers, workers, and families,” Congresswoman Walorski said. “The product exclusion process has brought much-needed relief to those paying the cost of tariffs, but many U.S. companies will face serious economic harm if their exclusions are not renewed before they expire. Extending these exclusions for another year is a commonsense way to provide businesses with the long-term certainty they need, especially during the coronavirus crisis.”

“Minnesota manufacturers have been weathering all sorts of disruptions to their business over the past year,” Congressman Peterson said. “We need to do all we can to offer them some flexibility to stay competitive with foreign manufacturers. This effort to extend China tariff exclusions will put manufacturers in a better position to continue to recover and rebuild by extending needed tariff relief.”

BACKGROUND

H.R. 7665 would extend for one year any Section 301 tariff product exclusions currently in effect, unless the U.S. Trade Representative (USTR) finds the product is strategically important or related to “Made in China 2025” or other Chinese industrial programs and extending the exclusion would cause severe harm to the United States. In such cases, USTR would be required to provide detailed justification of the determination.

The bill text is available here.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski Statement on USMCA Entry Into Force

Walorski Statement on USMCA Entry Into Force

Deal to Modernize North American Trade Dismantles Barriers for Manufacturers and Farmers, Levels Playing Field for American Workers

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement as the U.S.-Mexico-Canada Agreement (USMCA) entered into force:

“America is facing unprecedented challenges due to the coronavirus pandemic, but our nation is resilient and our economy is safely reopening. With USMCA entering into force today, we are now in an even better position to recover and rebuild. President Trump’s deal to modernize North American trade will dismantle barriers for Hoosier manufacturers and farmers, level the playing field for our workers, and expand markets for made-in-America exports. This is a major victory for the American people.”

BACKGROUND

USMCA replaces the 25-year-old North American Free Trade Agreement (NAFTA) with a modernized, improved set of rules for trade with Canada and Mexico. The new agreement:

  • Includes a new chapter on digital trade that sets a global standard to ensure American innovators and e-commerce businesses can compete fairly;
  • Expands exports of agricultural commodities, including soybeans, corn, and pork;
  • Opens access to the Canadian market for American farmers to sell dairy, poultry, and eggs;
  • Streamlines customs procedures in order to reduce inefficiencies and get American products to market faster;
  • Levels the playing field for American workers by requiring Mexico to overhaul its labor system; and
  • Ensures the U.S. can hold Mexico and Canada accountable through strong enforcement mechanisms.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski: Back-to-Work Bonus Could Help American Workers, Boost Economic Recovery

Walorski: Back-to-Work Bonus Could Help American Workers, Boost Economic Recovery

Calls for Bipartisan Proposals to Support Safe Reopening, Incentivize Return to Work

MISHAWAKA, Ind. – U.S. Rep. Jackie Walorski (R-Ind.) this week called for bipartisan proposals to support safely reopening our economy and to incentivize Americans who return to work, such as replacing temporary supplemental unemployment benefits with a back-to-work bonus.

“Businesses are reopening and rehiring, and they shouldn’t have to compete with a temporary government benefit,” Congresswoman Walorski said. “That’s why Ways and Means Ranking Member Brady and myself have supported looking at a back-to-work bonus proposal that would make work pay by allowing workers to keep up to two weeks’ worth of that additional benefit after accepting a job, essentially amounting to a $1,200 hiring bonus.”

Walorski is a cosponsor of the Reopening America by Supporting Workers and Businesses Act, which would turn temporary supplemental unemployment benefits into a back-to-work bonus. Workers would be allowed to keep up to two weeks of the benefit after accepting a job, comparable to a $1,200 hiring bonus.

Video of Congresswoman Walorski speaking at Thursday’s hearing of the Select Subcommittee on the Coronavirus Crisis can be found here, and her remarks as prepared for delivery are below.

“Thank you, Mr. Chairman, and thanks to our witnesses for being here.

“The CARES Act provided $600 per week in temporary supplemental unemployment benefits to support public health by allowing businesses and workers to get through closures and stay-at-home orders and to flatten the curve. This was a necessary step back in March. But if we want a V-shaped recovery as states and cities safely reopen, we need to take a different tack on this benefit so that it doesn’t inadvertently disincentivize people from returning to work.

“For instance, in my home state of Indiana, workers receiving the $600 federal supplement would be getting about three times as much as they otherwise would on unemployment. Factor in the comparatively low cost of living in my district, and in many cases a worker would make more on unemployment than they would if they returned to work. In fact, the University of Chicago estimates that over two-thirds of unemployment insurance recipients nationwide are in this situation, and that over 20 percent are receiving double their salary.

“I want to be clear: I have no issue with any worker who took this benefit. Congress made it available at a time when much of the economy was going to be shut down for an undetermined amount of time. That additional benefit helped workers pay rent, put food on the table, and have peace of mind as they found themselves unemployed or furloughed through no fault of their own.

“But now businesses are reopening and rehiring and shouldn’t have to compete with a temporary government benefit. That’s why Ways and Means Ranking Member Brady and myself have supported looking at a back to work bonus proposal that would make work pay by allowing workers to keep up to two weeks’ worth of that additional benefit after accepting a job, essentially amounting to a $1,200 hiring bonus. We also want to make sure that states provide clear notice to unemployment claimants about return to work obligations and good cause exceptions.

“This is a better policy than the Democrats’ partisan bill, the HEROES Act, which would extend the $600 work disincentive through January 2021. The non-partisan Congressional Budget Office (CBO) said that doing this would weaken incentives to work, decrease economic output, and decrease employment. In short, it would kill our economic recovery.

“Another misguided policy in the partisan HEROES Act is restoring unlimited deductions for State and Local Taxes, or SALT. The non-partisan Joint Committee on Taxation has found that only 1 percent of the benefits of this policy would go to those making less than $100,000 a year. Instead, over half of the projected benefits would go to those with annual incomes of $1 million or more. This does nothing to rebuild our economy. It gives the wealthiest a whole cake, while the middle class is stuck with crumbs.

“Tax experts on the left and right agree that restoring an unlimited SALT deduction is bad policy. Just a few weeks ago, Mr. Furman, who is with us today, reportedly said restoring SALT was a “waste of money” that would not help economic recovery.

“As we climb out of this crisis, we need serious, substantive, bipartisan proposals that incentivize people to get people back to work and rebuild our economy, not bloated, partisan bills that disincentivize work and provide giveaways to the rich.”

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski Statement on May Jobs Report

Walorski Statement on May Jobs Report

Unexpected Gain of 2.5 Million Jobs Shows Positive Signs for Economic Recovery

MISHAWAKA, Ind. – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement on the Department of Labor’s May jobs report, which showed an increase of 2.5 million jobs last month:

“The latest jobs report is great news for Hoosier workers and a positive first step as we begin to safely reopen and rebuild our economy. Recovering from this unprecedented public health and economic crisis will not be easy, but I know our workers, small businesses, manufacturers, and farmers are up to the task. I look forward to working with my colleagues and President Trump to continue building on the success of emergency relief measures like the Paycheck Protection Program and get Americans safely back to work.”

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski, Kind Introduce Bipartisan Fix to Ensure Dependents Receive Coronavirus Relief Payments

Walorski, Kind Introduce Bipartisan Fix to Ensure Dependents Receive Coronavirus Relief Payments

MISHAWAKA, Ind. – U.S. Reps. Jackie Walorski (R-Ind.) and Ron Kind (D-Wis.) today introduced legislation to ensure college students and adult dependents are eligible to receive federal relief funding in the form of direct payments. Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, most families will receive an economic stimulus payment of $1,200 per adult and $500 per child. However, no credit is available for dependents older than 16, meaning that many college students and other dependent adults, such as those with disabilities who are cared for by a family member, are not eligible for relief. This legislative fix will allow thousands of Hoosiers who were previously excluded, to receive direct economic impact payments.

“Coronavirus relief payments of $1,200 per adult and $500 per eligible child are already helping workers, families, and seniors get through this unprecedented crisis,” Congresswoman Walorski said. “However, I believe it’s only fair to include all adult dependents – not just children under the age of 17 – in families’ direct payments. Providing these extra payments to parents with college-aged children, grandparents raising grandchildren, and families caring for a disabled relative is a commonsense way to get assistance to those who need it.”

“With so many experiencing economic hardships due to the COVID-19 pandemic, we must ensure all Wisconsinites receive the support they need,” said Rep. Kind. “College students’ lives were particularly uprooted by this crisis, often losing not only their homes but in many cases jobs as well. These students, those with disabilities, and their families cannot be left without a financial lifeline during these challenging times. This legislation will fill in gaps in the CARES Act by expanding eligibility for economic impact payments and take an important step towards providing further relief.”

The bill text is available here.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski Votes to Replenish Paycheck Protection Program to Help Small Businesses Save Jobs

Walorski Votes to Replenish Paycheck Protection Program to Help Small Businesses Save Jobs

House Passes Funding for Small Businesses, Hospitals, Expanded COVID-19 Testing

WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement after voting to replenish the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) for small businesses, provide critical resources to hospitals, and expand COVID-19 testing:

“After weeks of unnecessary delay, critical funding to fight coronavirus and save Main Street jobs is now on its way to the president’s desk. It’s shameful that Speaker Pelosi blocked additional Paycheck Protection Program funding for two weeks, wasting precious time our small businesses don’t have and putting countless American jobs in jeopardy.

“Thankfully we’ve overcome this partisan gridlock, and these resources will soon be going where they’re needed most – to help small businesses make payroll and keep the lights on, to support hospitals on the front lines of this fight, and to expand testing so we can be ready to safely restart our economy soon.

“These are challenging times, but by working together we are going to defeat this invisible enemy, and we’ll be even stronger when this crisis is over.”

BACKGROUND

Ahead of today’s vote, Congresswoman Walorski spoke on the House floor in support of H.R. 266, the Paycheck Protection Program and Health Care Enhancement Act. Video of her remarks can be found here.

The House passed H.R. 266 by a vote of 388 to 5. The legislation now heads to the president’s desk. The Paycheck Protection Program and Health Care Enhancement Act includes:

  • $310 billion to replenish the Paycheck Protection Program
    • $30 billion in guaranteed loans for lenders with less than $10 billion in assets
    • $30 billion in guaranteed loans for lenders with $10 billion to $50 billion in assets
  • $60 billion for Economic Injury Disaster Loans
    • $50 billion for Economic Injury Disaster Loans
    • $10 billion for Economic Injury Disaster Loan advance grants
    • Clarifies that farmers with fewer than 500 employees can receive EIDL grants and loans
  • $25 billion to research, develop, validate, manufacture, purchase, administer, and expand capacity for COVID-19 tests
    • $11 billion for states and local governments to expand testing capacity and contact tracing and support employer testing
    • $1 billion to the Centers for Disease Control and Prevention (CDC) for laboratory capacity expansion, contact tracing, and public health data surveillance
    • $1.8 billion to the National Institutes of Health (NIH) to develop, validate, improve, and implement testing and associated technologies
    • $1 billion for the Biomedical Advanced Research and Development Authority (BARDA) for advanced research, development, manufacturing, production, and purchase of diagnostic, serologic, or other COVID-19 tests or related supplies
    • $22 million for the Food and Drug Administration (FDA) to support activities associated with diagnostic, serological, antigen, and other tests
    • $825 million for Community Health Centers and rural health clinics
    • Up to $1 billion may be used to cover costs of testing for the uninsured
  • $75 billion for hospitals and health care providers fighting COVID-19

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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Walorski Applauds Federal Grants for Hoosier Small Businesses to Save Jobs

Walorski Applauds Federal Grants for Hoosier Small Businesses to Save Jobs

Community Development Grants Will Help Small Businesses in Fulton County, Knox, North Manchester to Retain Employees

MISHAWAKA, Ind. – U.S. Rep. Jackie Walorski (R-Ind.) today released the following statement on federal grant funding through the new COVID-19 Response Program to help small businesses in Fulton County, Knox, and North Manchester retain employees:

“As Hoosiers continue doing our part to slow the spread of coronavirus, our Main Street job creators need emergency assistance so they can save jobs and keep the lights on. This funding will provide a critical lifeline to small businesses and their employees in Fulton County, Knox, and North Manchester. I’m grateful to Governor Holcomb, Lieutenant Governor Crouch, the Office of Community and Rural Affairs, and the new COVID-19 Response Program for getting these vital resources to our communities.

“I’ll continue working to support the fight against this invisible enemy and make sure small businesses can get through this unprecedented crisis. As part of these efforts, I look forward to voting to further aid Hoosier businesses and workers by adding $310 billion to the Paycheck Protection Program.”

BACKGROUND

Lt. Gov. Suzanne Crouch and the Indiana Office of Community and Rural Affairs on Wednesday announced the federal Community Development Block Grant funding, which was redirected through the new COVID-19 Response Program. Grant awards in Indiana’s 2nd District include:

  • The Town of North Manchester is awarded $250,000 to build upon an existing Revolving Loan Fund to provide grants to local businesses with employees who have low-and-moderate income households impacted by the current COVID-19 crisis.
  • Fulton County is awarded $250,000 to provide Grants to small businesses in order to retain employees.
  • The City of Knox is awarded $250,000 to provide working capital to local businesses for job retention.

Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.

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