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Pascrell Castigates Latest Trump Treasury Travesty

| Posted in Press Releases
Tags: Economy

Today, Representative Bill Pascrell, Jr. (D-NJ-09), the only New Jersey member of the House Committee on Ways and Means, reacted angrily to a Treasury Department move blocking New Jersey relief measures for the Trump administration’s unfair cap on State and Local Tax Deductions. “Trump and congressional Republicans have made sport in trying to hurt New Jersey and citizens in the Northeast. Angry a... Read more »

Pascrell Opposes Republican Attempt to Gut Dodd-Frank Banking Protections

| Posted in Press Releases
Tags: Economy

Today, Representative Bill Pascrell, Jr. (D-NJ-09) voted against S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, which would erode protections enacted by the Dodd-Frank Act passed in the wake of the 2008 economic collapse. “Consideration of this legislation represents the culmination of Republicans’ years-long war on Wall Street standards of any stripe. This morning, ... Read more »

Pascrell Statement on the Trump Administration’s Rescissions Demands

| Posted in Press Releases

Today, U.S. Representative Bill Pascrell, Jr. (D-NJ-09) issued the following statement in response to the Trump administration’s demand to rescind $15 billion in federal funding to critical departments and programs. “Mere months after passing a trillion-dollar tax scam designed to further enrich the top one percent, Republicans are now saying we need to reign in spending. After ordering the steak,... Read more »

Pascrell Highlights New Report on Skewed Republican Tax Law

| Posted in Press Releases
Tags: Economy

U.S. Representative Bill Pascrell, Jr. (D-NJ-09) issued the following statement in response to new analysis by the Joint Committee on Taxation detailing the impacts of the Republican tax law and how the new state and local tax deduction limitation effectively guts the provision for 2018. “Republicans have tried everything but the kitchen sink to sell their tax law. Mostly, they have relied on a fo... Read more »

Pascrell USA Today Op-Ed: Amazon didn't kill Toys R Us, greedy Wall Street profiteers did it

| Posted in Press Releases
Tags: Economy

In a column in USA Today, U.S. Rep. Bill Pascrell, Jr. (D-NJ-09) examines how Wall Street hastened the demise of legendary New Jersey chain Toys R Us and continues to threaten other American retailers. Text of the editorial follows: The brilliant New Jersey entrepreneur Charles Lazarus died March 22 at age 94. His passing came one week after the company he founded, Toys R Us, announced its liquida... Read more »

Pascrell in USA TODAY Op-Ed: Amazon didn't kill Toys R Us, greedy Wall Street profiteers did it

| Posted in Op-Eds

The brilliant New Jersey entrepreneur Charles Lazarus died March 22 at age 94. His passing came one week after the company he founded, Toys R Us, announced its liquidation after 70 years in business. Obituaries for both have implied that Toys R Us was a retail relic. Yet the closing of one of the world’s most recognizable brands did not come solely from e-commerce, but also from pillaging by pirat... Read more »

Crack Down on Monopolies

| Posted in Op-Eds
Tags: Economy

To the Editor: Re “Roster of Stars Lets Live Nation Flex Ticket Muscles, Rivals Say” (front page, April 2): The Obama administration was warned repeatedly that allowing the nation’s largest concert promoter to merge with its largest ticket provider would midwife an octopus that would strangle competition and squeeze consumers. Bipartisan coalitions of which I was a part practically begged regulato... Read more »

Pascrell, Menendez Visit Passaic Redevelopment Site to Discuss Return of Local Economic Growth, Job Creation

| Posted in Press Releases
Tags: Economy

PASSAIC, NJ – Today, U.S. Rep. Bill Pascrell, Jr. (D-NJ-09) and U.S. Senator Bob Menendez (D-NJ) toured the ongoing revitalization of the historic People’s Bank Building, the tallest tower in the City of Passaic, to highlight necessary federal programs that have successfully spurred local economic growth and job creation in underserved communities. The site, located in downtown Passaic, is viewed ... Read more »

Rep. Pascrell Statement on Lack of Bipartisanship in Republican Continuing Resolution

| Posted in Press Releases

Congressman Bill Pascrell, Jr. (NJ-09) issued the following statement today following the passage of a continuing resolution that funds the government into mid-January.. "Today the House of Representatives adjourned for the holidays without finding any resolution to a whole host of issues that are critically important to Americans. Republican House leadership decided not to engage Democratic membe... Read more »

Rep. Pascrell: Tax Bill Rewards Donors & Trump Family

| Posted in Press Releases

Today, U.S. Rep. Bill Pascrell, Jr. (D-NJ), member of the tax-writing Ways and Means Committee, released the following statement after the House of Representatives passed the Republican tax bill conference report. "Tax reform should be an opportunity to set a framework in which all Americans are treated fairly, rewarded for their work, and invested in as human capital. Instead, the tax bill Republ... Read more »

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