|Prosperity for Working Families|
Prosperity for Working Families
Beginning in 2008 the United States experienced its deepest recession since The Great Depression. The combination of stagnant wages, high unemployment, and rampant home foreclosures has combined to squeeze the middle class into a shaky financial position. Access to honest banking and credit services, protective financial regulations, and a world-class education helped build the middle-class and fuel The American Dream.
Rep. Ellison believes the U.S. needs to establish an economy that revitalizes the middle class, balances strong regulation with market forces, protects the right for employees to join unions, and expands economic prosperity.
As co-chair of the Congressional Progressive Caucus, Rep. Ellison helped craft The Budget for All, which provides for solid investments in job creation and protects the social safety net that includes Medicare, Medicaid and Social Security benefits.
In earlier Congresses, Keith introduced the Credit Cardholder’s Bill of Rights, which protects borrowers from being penalized by lenders for defaulting or missing payments on other loans. This unfair practice was known in the financial sector as “Universal Default” and is now illegal. In his first act as a Member of Congress he also introduced the Universal Default Prohibition Act.