On Monday, March 23, 2020, U.S. Representatives Josh Gottheimer (NJ-5) and Mikie Sherrill (NJ-11) led a bipartisan group of New Jersey’s Congressional delegation to urge Congressional leadership to make regional cost-of-living adjustments to potential stimulus funds to Americans and businesses. This will ensure that residents in higher cost states are not erroneously excluded from needed assistance.
Currently, Congress is considering legislation that would provide direct resources to individuals and businesses nationwide to support both households and the American economy amid the coronavirus outbreak.
“This health-related economic slowdown threatens the ability of New Jersey residents to pay for their housing, afford food, or purchase necessary products to protect their health during the pandemic,” wrote the Members in a letter to Speaker of the House Nancy Pelosi and House Minority Leader Kevin McCarthy. “As you consider further legislative packages to assist our communities that have been impacted by the novel Coronavirus (COVID-19) pandemic, we request that cost of living adjustments for localities are made when considering economic stimulus payments to residents and businesses. Doing so would help ensure that New Jersey residents are not erroneously excluded from needed assistance.”
According to a recently published study by the St. Louis Federal Reserve, based on data provided by the U.S. Bureau of Economic Analysis, a New Jersey household yearly income of $66,876 provides the same standard of living as a salary of $47,884 in Mississippi or $49,992 in Arkansas.
The letter to Speaker of the House Nancy Pelosi and House Minority Leader Kevin McCarthy is signed by U.S. Representatives Josh Gottheimer (NJ-5), Mikie Sherrill (NJ-11), Donald Payne, Jr. (NJ-10), Bonnie Watson Coleman (NJ-12), Andy Kim (NJ-3), Tom Malinowski (NJ-7), and Jeff Van Drew (NJ-2).