Economy Taxes and Trade

Washington, D.C. – Today, Congressman Brad Sherman (D-CA) released the following chart that demonstrates how Democratic tax policies produce stronger economic growth than Republican tax policies.

"The GOP wants Americans to believe its tax plan will jumpstart the economy, but the numbers simply prove them wrong," said Rep. Sherman.

Washington, D.C. – Today, Congressman Brad Sherman (D-Sherman Oaks) announced his intention, along with Senator Elizabeth Warren (D-Massachusetts), to introduce legislation to eliminate so-called ‘right-to-work' laws.

Sherman has introduced this legislation in the past five Congresses. In the 114^th Congress, Sherman introduced the bill in July 2016 with 48 House cosponsors. Sherman consistently earns a 100 percent rating from the AFL-CIO.

Washington, D.C. – Today, Congressman Brad Sherman, CPA, senior member of the Financial Services Committee, and former Chair of the nation's second largest tax agency introduced the Tax Filing Simplification Act of 2017 with Representatives Don Beyer (D-VA), Grace Napolitano (D-NY), Eleanor Holmes Norton (D-DC), Jamie Raskin (D-MD), Tim Ryan (D-OH), and Tom Suozzi (D-NY). The bill is based on legislation introduced in the U.S. Senate by Senator Elizabeth Warren (D-MA).

Washington DC – Following urging from Congressman Brad Sherman (D-Sherman Oaks), the Small Business Administration (SBA) made businesses near Porter Ranch eligible for Economic Injury Disaster Loans. The natural gas leak in the Aliso Canyon storage facility, run by the Southern California Gas Company (SoCalGas), is the largest known gas leak in U.S. history, displacing over 4,000 families and hurting local businesses.

Washington DC –The Policyholder Protection Act introduced by Congressman Bill Posey (R-FL) and Congressman Brad Sherman (D-CA) passed the House.

Washington DC –The Policyholder Protection Act introduced by Congressman Bill Posey (R-FL) and Congressman Brad Sherman (D-CA) unanimously passed the House Financial Services committee by a vote of 57-0.

Washington DC - Congressman Sherman (D-Sherman Oaks) issued the following statement:

"I am thrilled that Los Angeles will be the American city bidding for the 2024 Olympics."

Washington DC - Today, it was reported that the U.S. Department of Justice is near a settlement agreement that would require Standard and Poor's to pay $1.37 billion in fines for deceptively rating mortgage back securities. This now puts real pressure on the Securities and Exchange Commission to implement the Franken-Sherman amendment, which was passed as part of the Dodd-Frank Wall Street reform bill nearly five years ago.