Press Releases

The three co-chairs of the House New Democrat Coalition (NDC), Representatives Jim Davis (FL-11), Ron Kind (WI-03), and Adam Smith (WA-09), issued the following joint press release on the 2004 New Democrat e-genda.

The New Democrat Coalition is a leading force in Congress for growing the U.S. economy through technological innovation and has, for the past six years, committed itself to providing the intellectual and policy framework necessary to achieve its goals.  This framework, known as the e-genda, outlines the specific action items necessary to achieve its goal of creating more jobs for Americans, while retaining the U.S. position as a global leader in the creation of jobs in the new economy.

“By offering proposals to jumpstart the tech sector, promote highly skilled, American workers and foster innovation and business development, the New Democrat Coalition’s e-genda provides all the tools needed to recharge our nation’s economic engine,” said NDC co-chair Jim Davis.

This year’s e-genda, highlights seven areas of concentration that will boost our economy and facilitate the growth of cutting edge jobs.:

1.      Retraining American workers for jobs of the future.

2.      Increasing the number and quality of math, science and engineering graduates in the U.S.

3.      Developing the world’s best IT infrastructure

4.      Fueling the research and development necessary to keep the U.S. at the forefront of technology

5.      Promoting employee ownership to incentivize and attract employees

6.      Encourage capital investment in the U.S. economy

7.      Strengthening the economy through fiscal discipline

"Our competitiveness in the global market relies both on the strength of our workforce and the progress of our technology sector; the NDC e-genda maps out key initiatives to stimulate job growth, encourage innovation and promote technological development," said NDC co-chair Ron Kind.

“Lifelong learning and access to job training is critical in today’s ever-changing economy. I, along with my NDC colleagues, am committed to creating a business environment that fosters innovation and provides workers the training they need to assist them in finding jobs or advancing in their current jobs,” said NDC co-chair Adam Smith.

The entire text of the 2004 e-genda follows.

===========================================================

New Democrat E-Genda 2004:

Agenda for Job Growth and Innovation

New Democrats have always recognized that innovation is the key to growing our economy and creating the cutting edge jobs of the future. Our goal remains advancing American technological and economic leadership by fostering an atmosphere of innovation that outpaces our rivals. To do so, we must make the financial and intellectual commitment to these issues, not simply provide America with empty rhetoric. The impact of this effort has broad implications, including creating new U.S. jobs, keeping more jobs in the U.S., protecting our national security, maintaining U.S. global leadership, and improving our quality of life.

Retraining American workers for the jobs of the future.  New Democrats believe that lifelong learning and job training is critical to workers in the 21st Century.  We are committed to ensuring that those people who need job training receive services to assist in finding jobs or help in advancement of current job.  We believe that a comprehensive reexamination of government retraining programs is critically important.

Action Item #1:  As a first step in this process, the NDC support HR 3881, which expands Trade Adjustment Assistance (TAA) to include service workers.

Increasing the number and quality of math, science and engineering graduates in the US.   An atmosphere of innovation must be built on a foundation of education and a skilled workforce.  Quality education at all levels – most importantly strong math, science and engineering training - from early childhood through higher education, is critically important.  In China 70 percent of all college undergraduates received degrees in math, science and engineering. In the United States it's only 5 percent.  This issue is central to our ability to compete and win in the world marketplace.

Action Item #2: The NDC will continue to strongly advocate for full funding of No Child Left Behind, including teacher training for math and science education.

Action Item #3:  The NDC supports full funding of the Tech Talent bill.

Developing the world’s best IT infrastructure.  The rollout of high-speed broadband is an important driver to economic growth and a key differentiator from our global competitors.  Today, the US ranks 11th in the world in broadband access behind countries like Korea, Canada, Belgium and Japan. 

Action Item #4:  The NDC believes we must establish a national broadband plan.

Action Item #5: The NDC supports passage of a next generation broadband deployment tax credit

Fueling the research and development necessary to keep the US at the forefront of technology. Today, over 90 percent of R&D by US companies takes place in the US.  But to keep it here we must provide an atmosphere of innovation that make the US more attractive than anywhere else in the world.

Action Item #6: The NDC supports expanding and making permanent the R&D tax credit

Action Item #7:  The NDC supports increased funding for basic research through NSF, NASA, NIH and DOE.

Promoting employee ownership to incentivize and attract employees.  Stock options are a vital tool for furthering the atmosphere of innovation that has driven our nation’s technology leadership by giving employees a stake in their company.  

Action Item #8:The NDC supports passage of HR 3574, the Stock Option Accounting Reform Act.

Encourage capital investment in the US economy.  We must help the private sector create jobs while investing in the future growth of the new economy.

Action Item #9:  The NDC supports passage of HR 1162, the Invest in America Act, which would bring an estimated $135 billion of new capital into the U.S. economy to invest in hiring new U.S. workers, making infrastructure investments, or fueling R&D.

Strengthening the economy through fiscal discipline.  America’s deepening federal deficit and debt is causing investors to loose confidence in our economy. Left unchecked, the long term impact will be higher interest rates, which slow economic growth and penalize Americans who carry debt.

Action Item #10: The NDC will continue to work toward balancing the federal budget and paying down the nation’s debt.

Congressman Adam Smith (D-Tacoma) introduced legislation today that would extend Trade Adjustment Assistance (TAA) benefits to displaced service workers, such as software programmers and other hi-tech workers. TAA provides income support, job training, job searching, relocation assistance and health care tax credits to workers who have lost their jobs due to foreign trade.  Currently, TAA is available only to workers in the manufacturing and agricultural sectors; for example, thousands of local ex-Boeing employees recently received TAA assistance due to an increase in the domestic-market share of Airbus Industries.  

Labor Department reports indicate that outsourcing is increasingly taking a toll in major sectors of the service economy, including higher wage jobs.  According to Labor Department data, 543,000 jobs were lost from January 2001 through January 2004 in the information/technology sector alone.

"This legislation is critical to those in the service sector who are losing jobs due to offshore outsourcing," said Smith. "There is a fundamental need to enact legislation that recognizes the reality of our changing economy."

In addition to extending TAA eligibility to service sector workers, the bill would also expand the eligibility for TAA for Firms to include service sector firms.  In addition, the bill would make several changes to improve the administration of the existing TAA program such as simplifying the eligibility requirements for participation, clarifying the types of training programs covered, and improving the health care tax credit.  While many trade-displaced workers are eligible for the health care tax credit, few are able to take advantage of this program.  The changes included in this bill will help workers maintain comprehensive, affordable coverage for themselves and their families.

Congressman Adam Smith (D-Tacoma) called on his colleagues in the U.S. House to immediately pass legislation to provide a manufacturing tax credit to help the country’s struggling economy and avoid pending European trade sanctions on American goods and services.   

“Congress has been idle on this issue for too long,” Smith said.  “If we don’t act soon, European trade sanctions will hurt American workers and American businesses.  We need to address this problem now, and I believe a manufacturing tax credit is the right solution.  It will keep the United States in compliance with WTO regulations and help spur our struggling manufacturing industries and most importantly, its workers. In the last 3 years alone, Washington state has lost over 66,000 manufacturing jobs.”

The World Trade Organization (WTO) authorized the European Union to implement hundreds of millions of dollars in retaliatory trade sanctions unless the United States repeals a current tax advantage for exporters that amounts to an illegal subsidy, according to the WTO.  The sanctions are scheduled to go into effect Monday, March 1st, unless Congress takes action now.

“If the Europeans implement these tariffs on American goods and services, it will be yet another blow to our already struggling economy,” Smith said.  “It’s irresponsible for the Congressional leadership to ignore the problem and refuse to act.”

Smith supports bipartisan legislation to repeal the tax measure in question and replace it with a manufacturing tax credit.  H.R. 1769, sponsored by Democrat Charlie Rangel and Republican Phil Crane, would lower taxes for manufacturers who employ people in the United States.  It is co-sponsored by 154 Members of Congress.

Since the Republican leadership has not yet put H.R. 1769 on the agenda, Smith today took the first steps necessary to force action.  He joined colleagues in signing a discharge petition, which will force a floor vote on the legislation when 218 Members
 

Congressman Adam Smith (D-Tacoma) spoke today to students, staff and community leaders at the University of Washington on progressive internationalism and sustainable development.

In his speech, Smith stated, “We are at war with al Qaeda and w must fight terrorism throughout the globe and here at home. We must deal with the threat of failed states. We must promote economic engagement throughout the world. Diseases like AIDS, malaria and tuberculosis are enormous challenges to stability and economic growth in developing nations.”

He goes on to state, “The White House has gone out of their way to push away friends, embolden critics and undermine any sense of progressive internationalism. Working with our allies and with institutions is simply the most effective way to keep America safe and strong. We cannot simply impose our will on others or pursue a narrow, myopic nationalism. In order to remain true to our best values, we must lead the world toward political and economic freedom.”

The complete text of the speech is available at: http://www.house.gov/adamsmith/SustainableDevelopment.htm

Congressman Adam Smith (D-Tacoma) issued the following statement in response to President George Bush’s State of the Union address this evening:

“While the President outlined a number of issues that were important to his agenda, what struck me was what he didn’t elaborate on – the exploding federal debt, a real plan for job creation and a strategy for reinvigorating our foreign policy and repairing damaged relations with our allies.

The Bush Administration has squandered historic budget surpluses and now has annual budget deficits of nearly $500 billion – a collapse of fiscal discipline that will lead to a $5 trillion national debt over the next decade. We must roll back the components of the Bush tax cuts that disproportionately benefit the very wealthiest and we need to show restraint on large new spending programs. The Administration’s suggestion that their tax cuts have been only a minor factor in the fiscal deterioration is wrong…the tax cuts are the largest single contributor to the deterioration of our budget outlook.

Along with the exploding federal debt, we are experiencing the greatest job loss in a recovery since the Great Depression.  Almost 2.5 million jobs have been lost in the past two years. Last month, only 1000 jobs were created. Clearly, there needs to be more opportunities for America’s workers to regain their footing. Long-term unemployment is close to a 20-year high because the labor market is so weak. The administration’s major initiative to help the struggling manufacturing sector so far has been the appointment of a new Assistant Secretary of Commerce for Manufacturing and Services. We need to repeal tax cuts for the very wealthiest, let other tax cuts expire and extend benefits for the long-term unemployed. Sustained growth is necessary to bring the labor market out of its slump.  However, the large deficits, exacerbated in part by the past two tax cuts, undermine this goal.

Finally, we need to repair our relations with our allies across the world.  For example, we need to internationalize our efforts in Iraq.  No matter where people stood on the war resolution, we all have a responsibility to help Iraq through this period of political and economic reconstruction.  Although the Administration has shown some interest in getting the United Nations involved in Iraq again, we need to reach out to all of our allies through direct and personal involvement.  It is time to match words with actions.”