Congressman Tim Bishop issued the following statement following today's announcement by the federal Bureau of Labor Statistics that private businesses added 103,000 jobs in August, marking the 30th month of private sector job growth with 4.6 million private sector jobs created over that period.
"Rebuilding the economy from the middle class out is a long-term process that requires continued action to increase consumer demand and a sustained commitment to America's infrastructure and workforce. We must extend low tax rates for working families who will direct the extra money back into their local economies, and target tax breaks to small businesses, manufacturers, and other employers that hire American workers and invest in our communities. We must put the construction industry back on the job to rebuild our aging infrastructure and lay the foundation for future economic growth. And we must preserve public investments in higher education such as Pell Grants and community college funding to build a 21st Century workforce that can compete in the global economy."
"Job losses in the public sector continue to be a drag on the economy's recovery, offsetting the benefits of private sector growth. The three top employers in our district rely on public investment to sustain their vital missions: Stony Brook University, SBU Hospital, and the Research Foundation at SBU (16,299 jobs), the SUNY-Suffolk County System (2,849 jobs), and Brookhaven National Lab (3,097 jobs). Right here in our community, SBU and SCCC are educating the next generation of innovators and leaders while BNL is generating breakthroughs in energy, medicine and technology. All of these institutions would be significantly undermined by the damaging budget cuts passed by House Republicans in the Ryan Budget, which I strongly oppose. We cannot afford to abandon our commitment to these economic engines as we take necessary action to reduce spending and the deficit."