Nancy Pelosi on Welfare & Poverty Democratic Representative (CA-8)

Voted YES on providing $70 million for Section 8 Housing vouchers.

Proponents of the amendment say:
• This amendment would enable an additional 10,000 low-income families to afford safe, decent housing.
• To offset this increase, the amendment cuts a poorly managed computer upgrade program. The committee has been very ingenious in squirreling away money in different accounts and the bill would still provide $94 million in funds for IT projects.
• We have a choice: Do we want to help thousands of families obtain affordable housing, or do we think it is more important to have a somewhat faster computer upgrade in HUD?
• Our amendment does not seek to restore the amount to the amount that the President recommended, which is $144 million more than the committee recommends, it seeks merely to restore $70 million, or about half of what the difference is to what the President recommended.
• This is less than the bare minimum of what is needed. We have hundreds of thousands of families on waiting lists, waiting up to 10 years for decent housing for Section 8 vouchers.

Opponents say:
• The existing bill fully funds the renewal of Section 8 vouchers. Additional funds are simply not necessary.
• The cost of Section 8 vouchers are remaining constant and in some markets are actually decreasing. As such, this funding level will provide funds to restore vouchers that may have been lost in recent years.
• The proposed reduction will cause delays in critically needed efforts to modernize antiquated legacy computer systems.

Voted NO on promoting work and marriage among TANF recipients.

Voted NO on treating religious organizations equally for tax breaks.

Voted NO on responsible fatherhood via faith-based organizations.

Increase the earned income tax credit.

Provisions Relating to Earned Income Credit: Amends the Internal Revenue Code to repeal the supplemental young child credit and revise and increase the earned income credit.

Reduce the concentration of wealth & wage inequality.

Economic inequality is the result of two and a half decades of government policies and rules governing the economy being tilted in favor of large asset owners at the expense of wage earners. Tax policy, trade policy, monetary policy, government regulations and other rules have reflected this pro-investor bias. We propose the introduction or reintroduction of a package of legislative initiatives that will close America’s economic divide and address both income and wealth disparities.

The Progressive Caucus could take the lead in the formation of a national leadership steering committee to put this dramatic issue before the public through coordinated media campaigns and local education and action forums. The political program should be concerned with:
• Reducing wage inequality: We are proposing initiatives to both raise the minimum wage floor and prevent the tax code from subsidizing excessive compensation.
• Asset-building initiatives: The government has historically given land to citizens. Unfortunately, the programs were discriminatory toward people of color and kept a whole generation of people off the asset-building train. We are proposing a universal asset building approach that will dramatically reduce the number of “asset less” households and reduce the disparity of wealth for all Americans.
• Addressing the over concentration of wealth and power: The concentration of wealth is a problem because it distorts our democracy, destabilizes the economy and erodes our at our social and cultural fabric. Too much concentrated wealth leads to too much concentrated power and begins to undermine our participatory democracy.