Economy and Jobs

We all know that the current economic climate has taken a toll on many families across the nation and that the economy has been slow to recover from the deep recession. Congressman Scott believes the best long-term way we can create jobs and get people back to work is investing in education and training, beginning with early education and continuing through college or vocational education, as well as adult education and training.  A well-educated workforce is more important today than ever before. With the rapid development of this global marketplace, the United States is no longer the single dominant country in the world and American's competitive advantage is a well educated workforce.

Large and targeted investments in workforce development are long overdue and it is time that they are addressed in Washington. Congress recently seized upon the opportunity to do this through reuathoization of the Workforce Investment Act (WIA), which expired in 2003. WIA is the main federal legislation that coordinates federal workforce development programs. Congressman Scott supported the reauthorization of WIA through the Workforce Innovation and Opportunity Act, which included an enhanced definition of “individuals with barriers to employment” that explicitly includes older workers over the age of 55 as well the long-term unemployed.  This explicit inclusion means that state and local workforce plans must include goals and strategies for serving these and other disenfranchised groups.  Additionally, the new law requires that 75% of youth funding in the bill support out-of-school youth, sometimes referred to as "opportunity youth" for the opportunites they represent for their communities.  When kids drop out of school they are much more likely to get into trouble and commit crimes.  And once a juvenile falls off of the right track, he or she will face a range of problems and taxpayers will be on the hook for the cost of incarcerating these individuals.   By investing in opportunity youth, Congressman Scott believes that we are investing money on the front end so we don't end up footing the bill later on.  

Many believe that during these tough fiscal times we cannot afford to invest in job creation. But Congressman Scott believes that the choice is clear - we must invest in education and job training so that we have a strong workforce and strong nation for future generations. We can choose to put funding towards direct job creation programs, such as transportation and infrastructure projects. This will help accelerate our recovery, putting millions back to work, and gradually return our budget to balance over the next decade, all without jeopardizing Social Security or Medicare or other important social safety net programs. As Chairman of the Committee on Education and Labor, Congressman Scott is the lead sponsor in the House of Representatives of the Raise the Wage Act, which would gradually raise the minimum wage to $15 by 2024. This bill would be good for workers, business and the economy. 

More on Economy and Jobs

November 22, 2021 Press Release
NEWPORT NEWS, VA – Congressman Bobby Scott (VA-03) highlighted a new report from the Joint Economic Committee that estimated 83,000 Child Tax Credit monthly payments were sent to families in Virginia’s Third Congressional District. A total of $38,800,000 in tax cuts went back in the pockets of hardworking 3rd district families, covering 154,000 district children in November. The expanded CTC, included in the American Rescue Plan, is one of the largest-ever single-year tax cuts for families with children. “Democrats in Congress are squarely focused on putting more money in the pockets of working families and the Biden Child Tax Credit, enacted in the American Rescue Plan, is doing just that in my district and across the country,” said Congressman Scott.
November 19, 2021 Press Release
WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement after the House passed H.R. 5376, the Build Back Better Act. Today, the House took a major step toward delivering historic investments in America’s future.  The Build Back Better Act that the House approved today will lower costs for nearly every family, create millions of good-paying jobs, and improve the quality of life for the people we represent. The Build Back Better Act invests in making child care affordable and securing universal, free, high-quality pre-school for all three- and four-year-olds.
November 17, 2021 Press Release
WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement in response to the Congressional Budget Office’s cost estimate for the Education and Labor Committee’s provisions in the Build Back Better Act.  “The Congressional Budget Office’s estimate confirms two important facts about the Education and Labor Committee’s provisions in the Build Back Better Act. First, it shows that the Build Back Better Act makes historic investments in lowering costs for working families and helping Americans secure good-paying jobs. This proposal will make child care affordable for families, secure universal preschool, help more students access healthy school meals, lower the cost of life-saving prescription drugs, and expand opportunities by investing in higher education and high-quality job training programs.  
November 5, 2021 Press Release
WASHINGTON, D.C. – Congressman Bobby Scott (VA-03) issued the following statement after the U.S. House of Representatives passed H.R. 3684, the Infrastructure Investment and Jobs Act, commonly referred to as the Bipartisan Infrastructure Framework: “The passage of the bipartisan infrastructure bill delivers an essential and exciting pillar of President Biden’s domestic agenda. This bill represents a much-needed investment in jobs and our economy as we rebuild America’s infrastructure, including roads, bridges, public transit, ports, and broadband, as well as making our electric grid more resilient to climate change
November 5, 2021 Press Release
WASHINGTON, DC – Education and Labor Committee Chairman Robert C. “Bobby” Scott (VA-03) delivered the following remarks during tonight’s Floor debate on advancing the Build Back Better Act. “Madam Speaker, every investment in the Build Back Better Act addresses an urgent challenge facing families, workers, and our economy. Within the jurisdiction of the Education and Labor Committee, this proposal makes child care affordable and it invests in securing free, universal, and high-quality preschool for three- and four-year-olds.  These provisions will give millions of parents the opportunity to reenter the workforce without having to worry if their children are safe.
November 5, 2021 Press Release
WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement after the Bureau of Labor Statistics announced that the economy added 531,000 jobs in October as the unemployment rate fell to 4.6 percent. “Today’s jobs report demonstrates that the Biden-Harris economic agenda is putting Americans back to work. Since President Biden took office, the economy has added 5.6 million jobs, the most jobs ever created in the first 10 months of any Administration. The Build Back Better Act and the bipartisan Infrastructure Investment and Jobs Act would help lock in the progress we’ve seen and ensure all workers – particularly women, caregivers and low-wage workers – have the opportunity to share in the economic growth that we’ve made as our economy has begun to re-open. 
November 4, 2021 Press Release
WASHINGTON, D.C. – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement after the Occupational Safety and Health Administration (OSHA) issued an emergency workplace safety standard requiring employers with 100 or more employees to ensure all their workers are vaccinated or produce a negative test on a weekly basis. “The Biden Administration’s emergency workplace safety standard is a turning point in the fight against COVID-19. As more than 1,200 Americans continue to die every day from COVID-19, I applaud President Biden and the Department of Labor for taking decisive action to protect our workers, families, and businesses.
October 28, 2021 Press Release
WASHINGTON, DC – Education and Labor Committee Chairman Robert C. “Bobby” Scott (VA-03) delivered the following remarks at today’s Rules Committee meeting on the Build Back Better Act. "Thank you, Chairman McGovern and Ranking Member Cole. I’m pleased to speak in support of the Education and Labor Committee’s section of the Build Back Better Act. Over the past few months, Congressional Democrats and the White House have held a difficult and highly public discussion of how to fulfill President Biden’s agenda. But the process that has brought us to this moment we should not obscure this simple reality that this legislation is an historic achievement on behalf of the American people. 
October 13, 2021 Press Release
WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement in response to a new proposal released by the Biden Administration that would reverse Trump-era rules that made it harder for retirement plans to consider climate change and other environmental, social and governance factors when selecting investments and exercising shareholder rights.  Chairman Scott helped lead opposition to the Trump-era rules in July and October of last year. “I applaud the Biden Administration for taking this important step to protect the financial interests of America’s workers and retirement savers.  Climate change, labor standards, and other environmental, social, and governance (ESG) factors have an increasingly profound effect not only on workers, families, businesses, but also on our economy.
October 8, 2021 Press Release
WASHINGTON, DC – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement after the Bureau of Labor Statistics announced that the economy added 194,000 in September as the unemployment rate fell to 4.8 percent. “Today’s jobs report demonstrates that the Biden-Harris economic agenda is putting Americans back to work. Since President Biden took office, the economy has added 4.8 million jobs, the most jobs ever created in the first 9 months of any Administration. We still have work to do to overcome the serious challenges caused by the Delta variant and build an economy where all families and workers have the opportunity to succeed.