Maloney: Republican RAISE Act Would Actually Lower Growth

Oct 3, 2017
Press Release
Republican Witness at Joint Economic Committee Hearing calls the RAISE Act “anti-growth”

Washington – Today, following a hearing held by the Joint Economic Committee (JEC) on how to spur economic growth by reversing what has been called “The Startup Slump,” House Ranking Member Carolyn B. Maloney (NY-12) released the following statement:

“One of the surest ways to spur economic growth is by increasing the number of startups in this country. And most economists agree, that one of the surest ways to increase startups in this country, would be to welcome more qualified, well vetted immigrants from other countries. Yet, Washington Republicans consistently oppose ideas that we know will work and support policies that would make starting a successful new business in this country even harder.

“At today’s JEC hearing, I was pleased that one of the Republican witnesses, John R. Dearie, the Founder and President of the Center for American Entrepreneurship, agreed with me and most mainstream economists, saying that a Republican bill called The RAISE Act (H.R. 3099) to sharply decrease the number of immigrants allowed in this country every year is ‘anti-growth’.

“With the deadline for extending DACA looming and Republican proposals to sharply limit immigration under consideration, I hope Republicans in Congress will heed Mr. Dearie’s words and stop supporting these types of ‘anti-growth’ polices. It’s time to drop the RAISE Act and pass the DREAM Act because Americans deserve a better deal.”