As a member of the House and as an appropriator, I have been fighting for policies that support young companies with promising ideas, investments that will promote domestic job creation in high growth industries, incentives to restore our manufacturing base, and initiatives to make our businesses and our workforce more competitive on the global stage.
Here are some of the things I have been proud to help move forward to overcome our economic challenges:
The Market Based Manufacturing Incentives Act of 2013
I introduced the Market Based Manufacturing Incentives Act of 2013 (H.R. 615) which was highlighted on the Democrats’ "Make it in America" Agenda. This act empowers an apolitical commission of private-sector experts to designate the next generation of disruptive, market-changing technologies. These technologies – not specific companies – would be eligible for a consumer tax credit as long as they are made in the United States. Because these benefits accrue to the consumer and not directly to the business, the customer will dictate winners in the market place, not the government. While we believe in clean air, safe water, and a living wage, these factors need not result in un-competitively high shelf prices for American-made products.
The Scaling Up Manufacturing Act of 2013
The Scaling Up Manufacturing Act (H.R. 616), endorsed by the American Small Manufacturers Coalition, the American Chemical Society, and Silicon Valley’s own Applied Ventures, provides support to this nation’s entrepreneurs at the most critical stage of their business’s growth. The Scaling Up Manufacturing Act provides companies a 25% tax credit on the costs associated with building their first manufacturing facility in the United States. The best ideas are still researched and developed in this nation, and it’s past time that they are produced right here at home, too. This proposal stops offshoring before it ever starts, keeps our bourgeoning businesses here at home, and helps turns ideas into success stories.
The Re-Shoring Bonus Deduction Act
The Re-Shoring Bonus Deduction Act is a draft proposal aimed at promoting growth in domestic manufacturing among this nation’s most established and global enterprises. With the vast majority of consumers located overseas, an international presence is a necessary component of a successful business model for many of our homegrown corporations. But at the very least, we should reward companies that bring jobs back to the United States and contribute to our nation’s economic growth by employing American workers. This proposal would “bonus up” the §199 domestic production activities deduction based on the size of a company’s US footprint and their efforts to bring jobs back to our shores. Under this framework, those companies with the largest domestic production will see a dramatic reduction in their effective tax rates.
The Startup Innovation Credit Act of 2013
The Startup Innovation Credit Act of 2012 (H.R. 6319), led by Representative Jim Gerlach (R-PA) which I joined as a co-sponsor, fixes a fundamental flaw with the renowned research and experimentation tax credit, so that startup businesses getting off the ground that are still without tax liability can receive the support they deserve for their R&D activities. Small business startups are the principal engines of jobs, growth, and innovation, but face unique barriers to entry and expansion in today’s marketplace. Financing is key to the survival of startup entrepreneurs since they need to invest heavily in research and development with few assets and are generally not profitable in their early years, making it difficult to secure traditional debt financing. Under this proposal, if a startup company cannot claim the R&D credit because it does not have an income tax liability, it can claim it in the following year by reducing its employer-side payroll taxes by an equivalent amount.
The Manufacturing Extension Partnership (MEP)
The Manufacturing Extension Partnership (MEP), which works with small and medium-sized U.S. manufacturers to help them create and retain jobs, increase profits, and save time and money, has the resources it needs to do this important work. Through my current role on the Appropriations Committee, I am fighting for funding for this national network that provides a variety of services, from innovation strategies to process improvements to process improvements to green manufacturing. MEP also works with partners at the state and federal levels on programs that put manufacturers in position to develop new customers, expand into new markets, and create new products.
Supporting Working Families
It is one of my top priorities to support people who work for a living. I have actively fought to increase the minimum wage so that every American can earn a decent living wage and have the access and tools to bargain for fair benefits. Throughout my 20+ years as an elected official, I have been a champion for labor and an ally of working families both at home and at the national level. In 2009, I was a supportive co-sponsor and whip member for the Employee Free Choice Act (H.R. 1409), which would simplify the union forming process.
Getting People Back to Work
As a member of the House Appropriations Subcommittee on Labor, Health & Human Services, and Education, I had jurisdiction over the Department of Labor, National Labor Relations Board, and the National Mediation Board. As a senior appropriator, I advocate for Workforce Investment Act Programs, fight to bring money home for workforce training and support programs, and have successfully appropriated over a million dollars into labor job training projects in the district to date.
More on Manufacturing
Washington, D.C. – Congressman Mike Honda (D-CA17) today said he would work closely with President Obama and his fellow House members on plans the President laid out in his State of the Union address.
“Tonight we heard a President, who understands the needs of hard-working Americans, outline an agenda to help them overcome the challenges our country faces,” Congressman Honda said. “I look forward to working with the President, and my colleagues in Congress, to enact legislation to get this done.”
Washington, D.C. – U.S. Rep. Mike Honda (D-CA) today lauded the US House of Representatives for passing the Consolidated Appropriations Act for Fiscal Year 2014, and called on the Senate to pass it immediately.
Washington, D.C. – Rep. Mike Honda (D-Silicon Valley) released “2013 Year in Review,” his annual report for the residents of Santa Clara and Alameda Counties. The first iBook published by a member of Congress, the annual report highlights his legislative accomplishments and constituent services successes for the year in a multimedia format.
I am delighted to present you with my 2013 Year in Review and the first-ever iBook published by a Member of Congress. An iBook is like an electronic book yet allows for interactive features, such as embeded videos, interactive charts and audio files.
I applaud President Obama's appointment of Michelle Lee to be Deputy Director of the United States Patent and Trademark Office (USPTO), and I extend my heartiest congratulations to her. I was pleased to support Ms. Lee as she was being considered for this position. She has been actively involved in patent reform discussions for close to a decade, and as the first director of the Silicon Valley office, she was an instrumental ally in our efforts to open it and – in the face of budget sequestration – find a creative solution to keep it here permanently.
Because of the inability of the Republican House majority to pass a budget unless it denies life-saving healthcare coverage to millions of Americans, the federal government shut down at midnight tonight. Unfortunately, this means that many services that our citizens rely on – including IRS call centers, regulatory agencies, and certain functions of the Social Security Administration and Small Business Administration – will be closed until a funding agreement can be reached. I plan to work with my colleagues on both sides of the aisle on a resolution, and hope Congress can get back to the