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Economy

Congressman Gonzalez has long been a voice for the American consumers and an advocate for fiscally-responsible policies that encourage economic growth and job creation in South Texas. Congressman Gonzalez supports updating our nation’s tax regime so that all Americans benefit from the nation’s tax system equitably.

As a member of the powerful House Committee on Financial Services, Congressman Gonzalez seeks to enact policies that protect seniors and service members from financial exploitation and balance the needs of taxpayers, businesses, and regional and community financial institutions.  

Congressman Gonzalez is also a member of the Blue Dog Coalition, a group of 18 centrist Democrats committed to financial stability, ensuring a strong national defense, and transcending party lines to get things done for the American people.

A staunch supporter of pragmatism and mutual respect, Congressman Gonzalez proudly serves as the sole Texan in the Problem Solvers Caucus. The newly-formed caucus consists of Democrats and Republicans who pursue common sense, bipartisan economic policies working together for the common good of the United States of America. 

 

More on Economy

May 28, 2020 Press Release

WASHINGTON – Today, Congressman Vicente Gonzalez (TX-15) voted to pass a critical, bipartisan bill to deliver further relief for small businesses in the 15th District of Texas. Led by Congressmen Dean Phillips of Minnesota and Chip Roy of Texas, H.R. 7010, the Paycheck Protection Program Flexibility Act makes key fixes to the Paycheck Protection Program (PPP) to assist small business owners in South Texas and across the country who are struggling the most as a result of the coronavirus.

May 18, 2020 Press Release

WASHINGTON – Today, Congressman Vicente Gonzalez (TX-15) announced support for The Heroes Act, House Democrats’ latest legislation to address the continued public health crisis and provide desperately needed support for struggling families and essential workers, with funds for testing and tracing measures, key support for frontline workers and strengthened assistance for the American people. Congressman Gonzalez also recently released a detailed estimate of the direct benefits

May 14, 2020 Press Release

WASHINGTON – Today, Congressman Vicente Gonzalez (TX-15) endorsed the improvements in H.R. 6800, The Heroes Act, which would improve the 2020 economic stimulus payment guidelines. The Heroes Act would allow for the Economic Impact Payments to be made to individuals who file their income tax with an Individual Taxpayer Identification Number (ITIN), rather than a Social Security Number.

May 14, 2020 Press Release

WASHINGTON – On Wednesday, Congressman Vicente Gonzalez (TX-15) and members of the Texas Democratic Congressional delegation called on Texas Governor Greg Abbott to suspend any raises, interest and penalties on Texas property taxes for the current taxable year.

“Texans are facing an unprecedented crisis due to the coronavirus,” said Congressman Gonzalez. “We implore Governor Abbott to offer hardworking Texans a financial reprieve during this once-in-a-lifetime pandemic.”

May 13, 2020 Press Release

WASHINGTON – Today, Congressman Vicente Gonzalez (TX-15) announced that H.R. 6800, House Democrats’ newly introduced stimulus package entitled The Heroes Act would provide approximately $1,230,765,515 in federal COVID-19 relief funding to cities and counties throughout the 15th District of Texas. These funds can be used for COVID-related expenses, to replace foregone revenues not projected on January 31, 2020, or to respond to negative economic effects of COVID.

May 12, 2020 Press Release

WASHINGTON – Today, Congressman Vicente Gonzalez (TX-15) announced $151,582,672.50 for Hidalgo County from the Coronavirus, Aid, Relief and Economic Security (CARES) Act Coronavirus Relief Fund. The federal funding is required to be spent on expenditures incurred due to the public health emergency from the COVID-19 pandemic.

Hidalgo County may use the funds on public health costs incurred due to the COVID-19 crisis from March 1, 2020, through December 30, 2020.

May 8, 2020 Press Release

MCALLEN, Texas – Today, Congressman Vicente Gonzalez (TX-15) released a statement in response to Texas leadership’s proposal to hem city’s emergency powers:

May 6, 2020 Press Release

WASHINGTON — Congressman Vicente Gonzalez (TX-15) joined members of the Congressional Hispanic Caucus (CHC) to send a letter to Secretary Mnuchin of the Department of the Treasury and Administrator Carranza of the Small Business Administration urging that affiliation rules not be changed to allow large private equity firms to gain access to CARES Act funding intended for small businesses. This action is in response to possible attempts by large private equity firms to find and exploit loopholes in the CARES Act and subsequent legislation.

April 29, 2020 Press Release

 WASHINGTON – Congressman Vicente Gonzalez (TX-15) is encouraging constituents, especially those veterans or disabled individuals, who have dependents to register their information with the Internal Revenue Service by Tuesday, May 5, 2020, to request an additional $500 child payment. This deadline applies to veterans receiving compensation for service-connected disabilities or Supplemental Security Income (SSI) recipients who do not file annual tax returns. 

April 23, 2020 Press Release

WASHINGTON – Today, Congressman Vicente Gonzalez (TX-15) voted in favor of H.R. 266, the Paycheck Protection Program (PPP) and Health Care Enhancement Act. This legislation is an interim emergency funding package that will provide the desperately needed resources to sustain efforts to protect the lives and livelihoods of the American people. It will now go to the President’s desk for signature.