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Pascrell Demands IRS Testimony

| Posted in Press Releases

U.S. Rep. Bill Pascrell, Jr. (D-NJ-09), the new Chairman of the Ways and Means Subcommittee on Oversight, today called on Internal Revenue Service (IRS) Commissioner Charles Rettig to testify before the panel next week to address several issues, including revelations of possible tax evasion and avoidance by Donald Trump. “To attempt to restore this trust you must first start by fulfilling the Comm...

Pascrell Supports Spending Deal for the American People, Votes Against Border Wall Funding

| Posted in Press Releases

Today, U.S. Rep. Bill Pascrell, Jr. (D-NJ-09) released the following statement regarding the House’s vote to approve the minibus spending bills H.R. 1158 and H.R. 1865, which is Pascrell’s own bill: “Today the House considered two spending bills to fund our government for the next fiscal year. Both bills contained several of our shared priorities and wins for New Jersey and the American people, in...

Pascrell SALT Relief Bill Passes

| Posted in Press Releases
Tags: Economy

Overarching legislation cosponsored by Rep. Bill Pascrell, Jr. (NJ-09) and based on his bipartisan SALT Act to repeal the destructive capping of the federal state and local tax deduction and undo the damage of the 2017 Republican tax scam today was approved in a bipartisan vote by the House Ways and Means Committee. The next step for the measure, H.R. 5377, would be consideration on the House floo...

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...

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, ...

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,...

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...

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...

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...

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...

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