The New Democrat Coalition, the second-largest congressional Democrat caucus, released its economic agenda on July 18.
The coalition, composed of liberal and centrist Democrats who take a pro-business and moderate stance on economics, released the text of a new plan that they said would “[outline] the next steps necessary to further ease the economic burdens on the American people.”
It tied the proposal to ongoing price rises, saying that despite a substantial decrease in the level of inflation compared to the previous year, “there is still more work to be done.”
The plan outlines steps to strengthen and solidify U.S. control of global supply chains—particularly in the Indo-Pacific—proposing that the United States “leverage diplomatic, economic, and trade leadership to expand market access for U.S. goods, reduce costs for U.S. consumers, work with our allies to address the abuses of non-market economies, and ensure the U.S. writes the rules for the global economy of the future.”…