Jobs and the Economy
Congressman Lieu holds an infrastructure investment and jobs creation press conference with Democratic Leader Nancy Pelosi at the California Incline project in Santa Monica.
"Some of the most creative and innovative minds in the country call the 33rd District home. One in six jobs in Los Angeles come from the creative and tech sectors. CA-33 is home to five colleges, including UCLA and USC’s Viterbi Information Technology Institute, plus leading biotech, tech, aerospace, financial services and media companies. There is something the federal government can do that no private sector company can. And that is to make continuing investments in basic research, such as at institutions like UCLA, with no expectation of any rate of return. And eventually these investments pay off in dramatic ways for our economy. The biotech industry largely started because the federal government kept funding research on recombinant DNA technology until the breakthroughs got to the point where the private sector was able to take the knowledge and run with it. GPS was invented at Los Angeles Air Force Base and the Aerospace Corporation, a federally funded nonprofit, after years of research funding. As a member of the House Budget Committee, I am going to do everything I can to increase funding for basic research across all of our scientific disciplines."
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WASHINGTON – Today, Congressman Ted W. Lieu (D-Los Angeles County) sent a letter to U.S. Trade Representative Robert E. Lighthizer requesting clarification on the accuracy of President Trump’s assertion that the U.S. has a trade deficit with Canada.
In the letter, Mr. Lieu writes:
WASHINGTON - Today, Congressman Ted W. Lieu (D-Los Angeles County), a member of the Foreign Affairs Committee, issued the following statement after the White House announced the appointment of Larry Kudlow as the head of the White House National Economic Council. In 2002, Mr. Kudlow wrote an op-ed about the Iraq war arguing that “the shock therapy of decisive war will elevate the stock market by a couple-thousand points.”
WASHINGTON – Today, Congressman Ted W. Lieu (D-Los Angeles County) introduced two bills to protect consumers by safeguarding their data and ensuring victims of data breaches can hold companies accountable in court. The “Protecting Consumer Information Act of 2018” will expand the Federal Trade Commission’s enforcement authority over credit reporting agencies.
I went into the State of the Union address trying to keep an open mind. President Donald Trump spent the first year of his presidency spewing hateful ideas and promoting policies harmful to our democratic institutions and Americans. Still, I had hoped the president would take steps to unify our increasingly fractured nation. Unfortunately, that didn’t happen.
WASHINGTON - Today, Congressman Ted W. Lieu (D - Los Angeles County) issued the following statement ahead of the State of the Union. The President is expected to address infrastructure in his speech.
WASHINGTON - Today, Congressman Ted W. Lieu (D-Los Angeles County) issued the following statement after the House passed the final version of the GOP tax bill.
“This bill is a nightmare. This legislative process was a nightmare. The repercussions of this tax scam will be a nightmare.
WASHINGTON - Today, Congressman Ted W. Lieu (D – Los Angeles County) introduced bipartisan legislation called the Fundamentally Understanding the Usability and Realistic Evolution of Artificial Intelligence (FUTURE of AI) Act with Congressmen John Delaney (D–MD) and Pete Olson (R–TX) to create a federal advisory commission to study artificial intelligence issues. Comprised of members from federal agencies, industry, academia and labor organizations, the commission would advise the government on how to regulate and prepare for advancements in AI.
Washington, D.C. – Today, Reps. Ted W. Lieu (D-Los Angeles County) and Mark Takano (D-CA) released a video called The Holidays with House Republicans, which demonstrates how the House GOP tax bill is a gift to corporations but not the ordinary person.
WASHINGTON - Today, Congressman Ted W. Lieu (D-Los Angeles County) issued the following statement after CIM Group announced it would end its contract with the Trump Organization. This decision comes after Rep. Lieu sent two letters, one of which was signed by 12 California Members of Congress, urging the California Public Employees’ Retirement System (CalPERS) to divest its funds from CIM Fund III because it financed Trump SoHo.
The Republican tax reform push in Washington is setting off budgetary alarm bells in high-tax states like New York, California and New Jersey, in the latest political skirmish to pit national Republicans against Democratic state and big-city leaders.