Jobs and the Economy
Representative Scott Peters Working to Spur Growth for San Diego’s Economy
Read my full plan – “Growing the Economy and Creating Jobs in San Diego and Across the Country” – HERE
San Diego, and our country as a whole, is still recovering from one of the toughest recessions in America’s history. Stimulating job creation and economic growth is paramount on our path to recovery. In order to expand economic opportunities for the middle class and plan for a prosperous future, we must bolster the pillars of the San Diego economic engine: innovation and scientific research; the military, defense, and our veterans; and our world-renowned tourism industry.
I. Advancing the Innovation Economy, Scientific Research, & San Diego’s Talent-Rich Environment
San Diego is home to numerous innovative companies and research institutions. We must engage the bevy of talented institutions to drive our economy forward. In 2013, our institutions compiled $785M in National Institutes of Health (NIH) awards, which encompassed nearly one fourth of California’s total. The following has been done to accomplish this goal:
- I hosted successful roundtables and symposia with community and business leaders to discuss how Washington can support San Diego’s Innovation Economy.
- Introduced the Igniting American Research Act which will expand and make permanent the Research and Development Tax Credit. According to the Information Technology and Innovation Foundation, the act will generate 150,000 jobs and increase GDP by $66B.
- As a member of the Congressional Caucus on Innovation and Entrepreneurship, I introduced a resolution for one day each year as National Entrepreneur’s Day in memory of San Diego Innovator, Duane Roth.
- Support the repeal of the medical device excise tax, which will aid an industry that employs 3,200 San Diegans and delivers an economic impact of $2.629 billion dollars each year to the economy.
- I was awarded the 2014 Visionary Award by the non-partisan California Healthcare Institute (CHI) for introducing the Health Savings Through Technology Act which will facilitate the incorporation of wireless health technologies into federal health care programs.
- I am leading an initiative to increase NIH funding by nearly $5 billion to reach the level of $35 billion in coming years. Research by the Milken Institute suggests that $1 of NIH funding in biomedical research generates $2.21 in economic output.
II. Ensure Benefits and Growth Opportunities for Military and Veterans
The San Diego region is home to one of the largest concentrations of military force in the entire world. In the region, the military supports 317,000 jobs and $38.7 billion in gross regional product. As a member of the House Armed Services Committee, I advocate for the men and women who serve, and for the 225,000 veterans in the County.
- Introduced the 21st Century Care for Military and Veterans act to expand coverage of telehealth to servicemembers, veterans, and their dependents by including wireless services in the TRICARE and VA health systems.
- Introduced the Department of Defense Energy Security Act which will help the DOD reduce energy use, boost combat effectiveness, and expedite the development of advanced military technologies. The Navy is exploring alternative fuel sources, including biofuels such as algae, and San Diego---a national center for algae research--- is in strong position to benefit.
- Introduced the Veterans Employment Transition Act, which will give employers a tax credit for hiring recently discharged veterans, and will improve job training programs between the Department of Veteran Affairs (VA), Department of Defense, and the Department of Labor.
- Voted to enhance VA on-the-job training programs to create an office within the VA focused on vocational and education programs, and to support federal contracting with small businesses that are owned by veterans.
III. Generate Economic Growth by Stimulating Tourism
I understand the importance of the tourism industry to the San Diego economy. Each year, over 33 million people visit our district to enjoy the weather, natural beauty, and abundant local attractions. That’s why I advocate for legislation that will support the flourishing tourism industry which accounts for 158,000 San Diego jobs.
- I supported legislation to expedite the visa interview process which will increase the number of international tourists visiting the United States, many of whom will come to San Diego.
- Supported a proposal, which passed the House, to continue the public-private partnerships that have been created to foster tourism and job creation in the United States.
- Introduced the Safe and Secure Border Infrastructure Act, which will improve efficiency and security at our nation’s busiest border crossings
For more information on my record or ideas on growing the economy and creating jobs, please contact my office HERE or at 202-225-0508. My full plan to create jobs can be read HERE.
More on Jobs and the Economy
Today, U.S. Congressman Scott Peters (CA-52) issued the following statement on the unanimous decision of the 9th Circuit of the U.S. Court of Appeals to maintain a freeze on President Trump’s ban on immigration from seven Muslim-majority countries:
“Today's ruling is a reminder that an independent judiciary is a cornerstone of our democracy, rooted in our Constitution, and uninfluenced by badgering and insults from even the President of the United States. No person is above the law.
Today, U.S. Congressman Scott Peters (CA-52) voted against reversing the Bureau of Land Management’s methane rule, put in place at the end of last year to reduce methane emissions from oil and natural gas extraction on public lands. In 2014, operators spewed 9.8 million metric tons of methane into the air – pollution with a short-term climate effect equivalent to the emissions from 200 coal power plants over twenty years.
I am hardly alone in my apprehension about what a Donald Trump presidency means for the State of our Union. As we enter this new era, San Diegans should know that despite my grave concerns, I remain committed to solving problems and fixing a broken Washington, D.C.
Today, U.S. Congressman Scott Peters (CA-52) condemned a series of refugee and travel restrictions enacted by President Trump.
WASHINGTON, DC – Today, U.S. Congressman Scott Peters (CA-52) condemned the decision by President Trump to pull the United States out of negotiations over the Trans Pacific Partnership, a trade deal between the United States and eleven Asian nations that would eliminate more than 18,000 taxes and trade barriers on American products. Rep.
Washington, D.C. – Today, U.S. Congressman Scott Peters (CA-52) welcomed Jerry Sanders, President and CEO of the San Diego Regional Chamber of Commerce, to Washington, D.C. to testify at a hearing on border economics and the role of global engagement in driving our economy and creating high-quality jobs. The bipartisan hearing was held by the Border Caucus to bring local perspectives like Sanders’ to D.C. and counter the rhetoric and proposals of the Trump administration that threaten border commerce.
Today, U.S. Congressman Scott Peters (CA-52) voted to pass the bipartisan HALOS Act to increase access to capital for startups and help entrepreneurs succeed. The bipartisan bill makes a commonsense change to a rule issued by the Securities and Exchanges Commission (SEC) to ensure that entrepreneurs can continue to raise capital through demo days. Demo days are events sponsored by universities, incubators, angel investors, venture capital groups, local governments, or other entities to showcase the work of startup companies.
Today, U.S. Congressman Scott Peters (CA-52) helped pass a continuing resolution to fund the federal government through April 2017 that includes $170 million to respond to the Flint water crisis, $872 million for scientific research and other programs in the 21st Century Cures Act, and more than $10.1 billion to support military operations abroad. After the vote, Rep. Peters released the following statement:
Today, U.S. Congressman Scott Peters (CA-52) helped pass a bipartisan bill that will bring millions of dollars to the San Diego region to improve water security and drought mitigation. The Water Infrastructure Improvements for the Nation Act, a comprehensive water bill that decides water infrastructure projects and policy for the next two years, authorizes projects in the San Diego region and allocates federal funds for water desalination, recycling, and storage projects to support drought-ridden southern California.