New Democrat Coalition Unveils Economic Agenda to Alleviate ‘American People’s Burdens’
The New Democrat Coalition’s Economic Agenda
The New Democrat Coalition, the second-largest congressional Democrat caucus, released its economic agenda on July 18.
The coalition, composed of liberal and centrist Democrats who take a pro-business and moderate stance on economics, released
It tied the proposal to ongoing price rises, saying that despite a substantial decrease in the level of inflation compared to the previous year, “there is still more work to be done.”
Strengthening U.S. Control of Global Supply Chains
The plan outlines steps to strengthen and solidify U.S. control of global supply chains—particularly in the Indo-Pacific—proposing that the United States “leverage diplomatic, economic, and trade leadership to expand market access for U.S. goods, reduce costs for U.S. consumers, work with our allies to address the abuses of non-market economies, and ensure the U.S. writes the rules for the global economy of the future.”
The proposal says that this would assist in bringing down costs for Americans.
Additionally, it calls for “trade policies to support American workers and lead the global economy,“ specifically through the pursuit of reduced tariffs and new trade agreements with “nations that share our values,” including the UK, Kenya, and Taiwan.
Getting More People Back to Work
The proposal also includes recommendations that the coalition says will “get more people back to work.”
This includes funding, modernizing, and using innovative approaches to workforce development, high-quality job training to get more workers into in-demand fields and addressing workforce needs through skills training.
The members of the coalition endorsed the passage of several pending bills that would assist in growing STEM fields, increasing the availability of U.S. nurses and doctors, and expanding apprenticeship programs.
Other Key Points
Moreover, they called for an end to noncompete agreements—usually signed between an outgoing employee and their employer promising not to compete in a certain geographical area or industry.
The plan also suggests that occupational licensing regulations be eased.
On immigration, it suggests that bipartisan reform that secures the border, changes the immigration court system, updates the asylum process, and provides legal protections and a ”pathway to citizenship for Dreamers” could assist in kindling U.S. economic activity.
The coalition wants expanded access to paid family medical leave and dependent care, including children and disabled adults, “so that more parents and caretakers can maintain financial security and remain in the workforce.”
It will also push for increasing affordable housing through abolishing “discriminatory zoning policies,” strengthening the Low Income Housing Tax Credit, and having public-private partnerships deal with any shortage of housing.
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