Will examine and recommend proposals to end economic inequality and finally make the American economy work for all
WASHINGTON – House Speaker Nancy Pelosi announced today that she has named US Representative Pramila Jayapal (WA-07) to the new Special Committee on Economic Disparity and Fairness in Growth for Congress. The eight-person committee will review and recommend proposals to make the country’s economy work for everyone, fuel American economic growth, while ensuring that no one is left out or left behind. The committee is modeled on the mission of the Temporary National Economic Committee set up by President Roosevelt and Congress.
“I am honored to serve as a member of the Special Committee on Economic Disparity and Fairness in Growth as I continue to fight for policies that promote working people, put them first and ensure that they not only survive, but also can thrive. ” said Congressman Jayapal. “As we recover from a deadly pandemic and devastating economic crisis, we must advocate policies that promote opportunity, combat inequality, invest in our communities, and provide better wages and a better future for working people.”
“We must end the health, economic and environmental injustices that affect people’s lives and this must happen soon.” said Spokesman Pelosi. “Dealing with wealth and financial inequality has a broad priority and encompasses many concerns and interest groups. That is why I am proud to be able to appoint members to the committee who reflect the diversity of these challenges. With this committee we can better build to ensure freedom, prosperity and opportunity for all. “
When working families struggled to bring food to the table during the COVID-19 pandemic, the rich only got richer. Billionaires in the US have gotten $ 1.3 trillion richer since COVID began and have grown their wealth by at least 44 percent since March. However, this level of income inequality is not new. In 2018, income inequality reached its highest level in more than half a century. The richest 130,000 families in America have nearly as much wealth as the weakest 117 million families combined. This extreme concentration of wealth cannot be observed in any other leading economy.
The wealth gap is particularly staggering for black and brown families. White families have average net worth more than 14 times that of black families and eight times that of Latinx families. In addition, the 400 richest Americans have more wealth than all black households and a quarter of Latinx households combined.
MP Jayapal has long advocated legislative proposals to tackle inequality. This includes the Wage Increase Act raise the federal minimum wage to $ 15, Housing is a human rights law Investing billions of dollars in affordable housing, and that College for All Act making public colleges and universities free for families making less than $ 125,000, while community colleges and business schools are free for all. She also presented the Ultra Millionaire Tax Act Earlier this year to make sure ultra millionaires and billionaires finally pay their fair share of taxes. The proposal would raise at least $ 3 trillion for investment in communities across America. You too recently introduced a resolution to end poverty.
Please contact us for more information on the select committee found here.