Jobs & Economy
Representative Scott Peters Working to Spur Growth for San Diego’s Economy
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. Read my full plan – “Growing the Economy and Creating Jobs in San Diego and Across the Country” – HERE
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.
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.
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
Helping Small Businesses Succeed
By helping small businesses access capital and talent and compete on a level playing field, and decreasing overly burdensome by government regulations, we can help small businesses thrive. Click below to read my full plan.
More on Jobs & Economy
Today, U.S. Congressman Scott Peters (CA-52) strongly opposed the tax reform bill passed on a party-line vote on the House floor today. The Tax Cuts and Jobs Act (TCJA) calls for unpaid tax cuts that will increase our national debt by at least $1.5 trillion, shrink the economy, and eliminate American jobs. This plan will raise taxes for Californians dramatically.
Today, the House Judiciary Committee passed the Project and Grow American Jobs Act. U.S. Congressman Scott Peters (CA-52) introduced the bill with Rep. Darrell Issa to reform the H-1B visa system to help prevent outsourcing of American jobs. The H-1B program is an important program, created to help grow the economy by granting temporary visas to highly-skilled professionals. In recent years, some companies have begun to abuse loopholes in the system that allow them to offshore jobs, hurting American workers in the process.
Today, U.S. Congressman Scott Peters (CA-52) voted to support the ‘NIST Small Business Cybersecurity Act of 2017’ (H.R. 2105) and the ‘Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Improvement Act’ (H.R. 2763).
Some issues aren’t partisan. Whether you’re a Republican, Democrat, independent or anything in between, your family and friends have been touched by disease.
That is why the Tuesday Group, a caucus of moderate House Republicans, and the New Democrat Coalition, a coalition of moderate House Democrats, are working together to support funding for the National Institutes of Health (NIH).
Today, U.S. Congressman Scott Peters (CA-52) was invited to the White House as part of a bipartisan group of House members to discuss the DACA program, tax reform, and healthcare with President Trump. During the meeting, Rep. Peters defended DREAMers and the DACA program, and explained the importance of border trade to San Diego and its opposition to a border wall.
Today, U.S. Congressman Scott Peters (CA-52) slammed the announcement from the Trump Administration that the Deferred Action for Childhood Arrivals, or DACA, program will be rescinded in six months, with new applications being halted immediately. The program has allowed nearly 800,000 immigrants who arrived in the United States as young children to live openly and contribute to their communities and the economy without fear of deportation. Today’s announcement has already been strongly criticized by the U.S.
Today, U.S. Congressman Scott Peters (CA-52) urged President Trump to maintain the Deferred Action for Childhood Arrivals, or DACA, program that allows nearly 800,000 immigrants who arrived in the United States as young children to live openly and contribute to their communities and the economy without fear of deportation.
Today, U.S. Congressman Scott Peters (CA-52) helped pass the Mobile Workforce State Income Tax Simplification Act to make filing taxes easier for entrepreneurs and small businesses that operate across state lines. The bill creates a clearer framework for when states can tax individuals who do work in that state, but don’t reside there. Specifically it prevents states from taxing individuals unless they work in that state for at least 30 days.
Today, U.S. Congressmen Scott Peters (CA-52) voted against the Financial CHOICE Act, a bill containing many provisions that would gut Wall Street reforms and consumer protections put in place under the Dodd-Frank Act after the 2008 financial crisis. The bill eliminates the independence of the Consumer Financial Protection Bureau, which was set up to protect Americans from abusive financial practices and has helped nearly 29 million consumers.
Today, U.S. Congressman Scott Peters (CA-52) slammed President Trump’s federal budget proposal, which would hurt San Diego’s economy and put a larger burden on working families. The budget proposes deep cuts to clean air and clean water protections, scientific research funding through the NIH and NOAA, affordable housing programs, and infrastructure investments – including the elimination of grants to improve sewage infrastructure along the U.S.-Mexico border.