Economy
Residents of Westchester County and the Bronx deserve an economy that works for them without having to worry about the cost of their basic needs. In my time as Westchester County Executive, I signed the 2025 budget, with over $50 million of that budget going toward affordable housing. Now in Congress, serving on the House Committee on Small Business, affordability initiatives are always in mind as I work with my colleagues to support local businesses and lower prices.
While working to make a more affordable nation, I introduced the Home Mortgage Interest Credit Act of 2026 to introduce a capped federal tax credit for interest on loans used to buy, build, or improve homes. Additionally, I introduced H.R.9554 - Senior Accessible Housing Tax Credit Act of 2026, which would give individuals aged 60+ a federal tax credit of up to $10,000 a year to pay for home changes that make their houses safer and easier to live in.
Tariffs placed on our overseas allies by the Trump administration have caused costs to rise with little return for the average consumer. Tariffs on Canada and Mexico have harmed American families, not foreign leaders. Small businesses on Main Street and brokers on Wall Street are both feeling the squeeze from these ineffective economic measures by the president. I have spoken on the floor of the House, calling for an end to the Trump tariffs, and sent a letter to the Treasury and the Department of Homeland Security on tariff refunds for small businesses.
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More on Economy
Washington, DC – U.S. Congressman George Latimer (D-NY) introduced the SBIR Administrative Funding Act, legislation to facilitate long-term agency planning and coordination for the Small Business Innovation Research (SBIR) Program.
Washington, DC – U.S. Representative George Latimer (NY-16) led 20 of his colleagues in sending a letter to Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem expressing concern over the preparedness of the Departments of Treasury and Homeland Security to handle the large influx of protests likely to be filed in the event the United States Supreme Court determines that tariffs imposed by President Trump under the International Emergency Economic Powers Act (IEEPA) are illegal.
WHITE PLAINS, NY – Today, U.S. Representative George Latimer (NY-16) announced the creation of seven citizen task forces. Each task force is comprised of residents who live or work in New York’s 16th District and chaired by a leader with expertise in the respective issue areas. The task force chairs will oversee organizational meetings with the aim to make recommendations to Rep.
WASHINGTON, DC – Today U.S. Representative George Latimer (NY-16) released the following statement after the government of Ontario, Canada, applied a 25% surcharge on electricity exports to New York, Minnesota and Michigan:
WASHINGTON, DC – Today Congressman George Latimer (NY-16) took to the House floor to denounce President Donald Trump’s proposed 25% tariffs on our allies Canada and Mexico. While the tariffs have been delayed by 30 days, the threat of a trade war with our allies and trading partners remains.
Rep. Latimer’s full speech can be found here and below.
Westchester/Bronx– Congressman George Latimer joined 153 House Democrats in sending a letter to the Trump Administration after President Trump issued an executive order on his first day in office that could pause all disbursements of Inflation Reduction Act and Bipartisan Infrastructure Law funding immediately. Neither the vaguely worded executive order nor a follow-up memorandum from Trump's Office of Management and Budget Acting Director Matthew Vaeth and National Economic Council Director Kevin Hassett clarify which projects, programs, and activities are frozen.
Washington, DC – Today, U.S. Congressman George Latimer (D-NY) and Congressman Mark Alford (R-MO) , along with Congressman Kweisi Mfume (D-MD), introduced the Transparency and Predictability in Small Business Opportunities Act, a bipartisan initiative to improve transparency and accountability in the bidding process for small and minority/women-owned businesses aiming to provide their products or services to the federal government.