Promoting Economic Security for Middle Class Pennsylvanians
Senator Casey is a strong supporter of legislative initiatives to promote economic security for individuals and families. As a member of the Committee on Finance and the Committee on Health, Education, Labor and Pensions, each of which has broad jurisdiction over programs and issues that impact Americans’ financial security, Senator Casey has worked to implement policies and legislation to support job creation, income growth, small businesses, families and children.
Senator Casey cosponsored the Working Families Tax Relief Act, which would help families with children and low-income individuals. Parts of this bill were passed in the Protecting Americans from Tax Hikes (PATH) Act in December 2015, including permanent improvements the Earned Income Tax Credit (EITC) and Child Tax Credit.
Senator Casey introduced the Child and Dependent Care Tax Credit Enhancement Act, which seeks to make child care more affordable by expanding and improving access to the tax credit for low- and middle-income families.
Senator Casey introduced the Foster EITC Act, which would extend the EITC to foster youth at age 18. The bill proposes to provide assistance to youth exiting foster care, who often lack familial support in their transition to adulthood.
Senator Casey supported a provision in the PATH Act to make college more affordable for working families by permanently extending and enhancing the American Opportunity Tax Credit, which provides up to a $2,500 tax credit to offset the cost of college.
Senator Casey cosponsored and voted for provisions to permanently extend the deduction for expenses of elementary and secondary school teachers, and to improve the Mortgage Tax Relief Act, which allows for the exclusion of mortgage debt forgiveness from income tax, through 2016.
Senator Casey supports expanding options for employee ownership and profit sharing. He is a cosponsor of legislation to expand access to Employee Stock Ownership Plans or ESOPs. These types of businesses help promote retirement security by giving all employees equity in the business which employs them. This promotes stability in the labor force and also, in turn, leads to greater wage and schedule stability.
Senator Casey championed a foreclosure mitigation provision in the Dodd-Frank Act that provided $1 billion in funding for the Emergency Homeowners Loan Program, which provided interest free loans to unemployed and underemployed homeowners who were at least three months delinquent on their mortgage. More than $100 million of this funding went to Pennsylvania, helping more than 3,000 homeowners.
Senator Casey supported the creation of the Consumer Financial Protection Bureau (CFPB), an independent agency that serves as a one-stop-shop for consumers to report abusive financial practices such as scams and predatory lending, promotes financial education, monitors financial markets for risks to consumers and unfair practices.
Senator Casey cosponsored the SAVE Benefits Act, which would give seniors a one-time payment of about $580 to make up for the lack of a Social Security cost-of-living adjustment (COLA) in 2016.
Resources for Pennsylvanians
If you have a complaint about a financial product or service, such as a mortgage, loan or credit card, you can file a complaint with the Consumer Financial Protection Bureau: http://www.consumerfinance.gov/complaint/.
If you have received a suspicious phone call allegedly from the IRS that you believe may be a scam, record the employee's name, badge number, call back number and caller ID if available. Call 1-800-366-4484 to determine if the caller is an IRS employee with a legitimate need to contact you.
Please do not hesitate to call Senator Casey’s Harrisburg office at (717) 231-7540 or visit http://casey.senate.gov/constituents/casework/.
Unclaimed income tax refunds totaling almost $1.4 billion may be waiting for an estimated 1.2 million taxpayers who did not file a 2015 Form 1040 federal income tax return, according to the Internal Revenue Service. Read More
U.S. Senator Bob Casey (D-PA) led a number of his colleagues in calling on Walmart CEO Doug McMillon to ensure that the company uphold its commitment to workers with disabilities. Recent reports of updated job requirements and the elimination of positions altogether highlight the disproportionate impact that changes in policy can have on individuals with disabilities. Specifically, the Senators inquired about the company's decision to eliminate the greeter position and its efforts to make "reasonable accommodations" for employees hurt by this move. Read More
U.S. Senator Bob Casey (D-PA) is releasing a letter today he is sending to Wabtec Corporation CEO Ray Betler expressing his concern over the current UE Local 506 and 618 strike in Erie following the company's merger with GE. Read More
Today, U.S. Senator Bob Casey (D-PA) is announcing his cosponsorship of legislation that aims to give working Americans a fair shot. Specifically, the Raise the Wage Act would raise the federal minimum wage to $15.00 by 2024 and eliminate subminimum wages for young workers and workers with disabilities. Read More
In an effort to grow jobs in the region, U.S. Senators Bob Casey (D-PA), Pat Toomey (R-PA), Tom Carper (D-DE) and Chris Coons (D-DE) called on the U.S. Department of Transportation (DOT) to consider the Philly Shipyard for a national shipbuilding industrial base. In a letter to DOT Secretary Elaine Chao, the Senators outlined the importance of a state-of-the-art ships program and the world-class regional workforce. Read More
Today, U.S. Senator Bob Casey (D-PA) announced that Monica Hughes of Pittsburgh, PA, an Army reservist and public servant who was impacted by the Trump shutdown, will be his guest to the President's State of the Union Address on Tuesday, February 5. This announcement comes following the unprecedented 35 day shutdown that was sparked by the Administration’s recklessness. Like many families across the country, Hughes and her loved ones were held hostage by the President’s shutdown, while she worked without pay for over a month. Read More
Today, as we celebrate the start of Black History Month, U.S. Senator Bob Casey (D-PA) announced that he will honor five Pennsylvania innovators for their dedication to creating innovative solutions to the Nation's most pressing issues and for their work in inspiring the next generation of leaders. These innovators include: Lorina Marshall-Blake, Joan Myers Brown, Sulaiman Rahman, Rakia Reynolds and Omar Woodward. Read More