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Economy and Fiscal Responsibility

Phillips Votes to Pass Inflation Reduction Act

| Posted in Press Releases

WASHINGTON, D.C. - Rep. Dean Phillips (MN-03) released the following statement after voting to pass the Inflation Reduction Act. The landmark health care, climate change, cost-cutting and deficit-reducing bill now heads to the President's desk:  "Today is a leap forward for young people, retirees, progressives, conservatives – and America. As a pragmatic problem solver,…

PHILLIPS, MINNESOTA BUSINESS LEADERS CELEBRATE CHIPS ACT BECOMING LAW

| Posted in Press Releases

BLOOMINGTON, MN – This week, Rep. Dean Phillips (MN-03) celebrated with Minnesota business leaders as the CHIPS and Science Act was signed into law. Phillips helped pass the bipartisan competitiveness bill through the House this July. It will strengthen Minnesota families’ financial future, revitalize our competitiveness on the world stage, and safeguard America’s economic and national…

PHILLIPS NAMED 2022 FISCAL HERO FOR WORKING TO FIX THE DEBT

| Posted in Press Releases

WASHINGTON, D.C. - Today Fix the Debt, a project of the Committee for a Responsible Federal Budget, recognized Rep. Dean Phillips (D-MN) as a Fiscal Hero for 2022. Fiscal Heroes are awarded each Congress, recognizing policymakers who work to improve our nation's fiscal situation and fix the budget process. Phillips is one of only seven House Democrats to receive the honor in the 117th…

PHILLIPS HELPS PASS URGENT BILL TO COMBAT RISING COSTS

| Posted in Press Releases

WASHINGTON, D.C. – Today, Rep. Dean Phillips voted with a bipartisan majority of the U.S. House of Representatives to pass legislation to lower costs at the grocery store, reduce gas prices and strengthen food supply chains.  VIDEO: Dean Phillips speaks at press conference heralding the Lower Food and Fuel Costs Act The Lower Food and Fuel Costs Act is comprised of bills led…

Business Insider: Several lawmakers want to ban themselves from trading stocks, calling the appearance of self-dealing 'pretty dangerous to democracy'

| Posted in In the News

In the wake of House Speaker Nancy Pelosi's rejection of a ban on lawmakers and their spouses from trading stocks, momentum is building for proposals to ban the practice. "We are a free-market economy. They should be able to participate in that," Pelosi said when asked by Insider about the idea at a December press conference. With…

Phillips Leads Bipartisan Effort Urging Action on Targeted Small Business Relief

| Posted in Press Releases

Washington, D.C. — This week, Representatives Dean Phillips (D-MN), Earl Blumenauer (D-OR), and Brian Fitzpatrick (R-PA) are leading a bipartisan effort to urge House and Senate leadership calling for additional targeted small business relief. Industries which rely on in-person services have been disproportionately impacted by the pandemic, and many in these industries have been left…

Business Insider: Avoiding financial conflicts in Congress takes work. These lawmakers put in the extra effort — and wish more colleagues would, too.

| Posted in In the News

Though several investment scandals have rocked the US Capitol, few lawmakers aggressively seek to ward off any specter of insider trading by handing their finances over to impartial money managers.   Only 10 sitting members of Congress — nine Democrats and one Republican — have reported using what's known as a qualified blind trust, a formal arrangement, requiring congressional…

Phillips Helps Pass Build Back Better Act

| Posted in Press Releases

“Just as Social Security improved the lives of retired Americans, Build Back Better will improve the lives and lower costs for American kids and families,” Phillips said. “And WE will become a better prepared, more self-sufficient, and more competitive nation for generations to come.” Independent reports, such as the one provided by the non-partisan Moody’s analytics, have concluded that…

Rep. Phillips helps pass historic infrastructure package

| Posted in Press Releases

 – Today, Rep. Dean Phillips (D-MN) voted to pass a bipartisan infrastructure deal, an historic investment in the nation’s roads, bridges and overall economy.   The core infrastructure plan is based on a framework agreed to by the bipartisan Problem Solvers Caucus – where Phillips serves as Vice Chair – earlier this year. Phillips and other…

Associated Press: Phillips calls hearing as supply chain problems cripple US businesses, inflation spikes amid ‘dire’ worker shortage

| Posted in In the News

MINNEAPOLIS (AP/WNCN/CBS Newspath) — Supply chain woes are crippling businesses both large and small. Earlier this week a panel on Capitol Hill heard the concerns of some business leaders including two Minnesota companies. Businesses described a whole slate of problems from worker shortages, increasing costs for shipping and supplies and skyrocketing demand that’s putting pressure on…