I am pleased to have been named Vice Chair Designate of the Joint Economic Committee for the 116th Congress. I look forward to working with members of our committee, from the House and the Senate and from both parties, to analyze the economy and to provide economic information to our colleagues and the public.

There are major economic challenges facing the country – from stagnant wages and a stubborn gender pay gap to rising prescription drug prices and the growing costs of climate change. Our job at the JEC is to promote greater understanding and awareness of these and other economic issues. I’m excited to lead the Democratic Congress in this important work.

Rep. Carolyn B. Maloney

A federal judge’s decision to strike down the Affordable Care Act (ACA), if upheld, would increase the number of people without insurance by more than 17 million and raise premiums for those who are able to hang onto their coverage. As many as 130 million Americans with pre-existing conditions could again be denied coverage or offered unaffordable insurance.
Difficulty accessing affordable and high-quality child care puts a strain on family pocketbooks and well-being and can hinder child development. This is the case for far too many American families, especially in rural and lower-income areas. Three in five rural communities lack adequate child care options. Child care deserts are also associated with lower rates of maternal labor force participation. Participation rates among mothers with young children in child care deserts are roughly 3 percentage points lower than participation rates in neighborhoods with an adequate child care supply. Improving access to affordable high-quality early learning and care kills two birds with one stone: it promotes healthy child development and allows parents to remain in or enter the workforce.
From destructive fires in California to devastating hurricanes in Texas and Puerto Rico, it is no secret that the frequency, intensity, and cost of severe weather events are increasing. Government reports and scientific research, along with the lived experiences of millions of Americans, all point to the devastating impact that climate change will have on people’s health, the environment, and the economy. Already, it has cost the federal government more than $350 billion in the decade ending in 2016 and is projected to reduce annual economic growth in the United States by one-third over the next century. Taking action to address climate change will mitigate long-term economic consequences and has the potential to create economic opportunity through building the clean energy sector.
In a series called "Innovation Spotlight," Joint Economic Committee Democrats are highlighting cutting-edge policy solutions that empower small towns and rural communities across the nation. The latest edition looks at a community revitalization project in Albert Lea, Minnesota.
The stock market turned in its worst month in years, business investment dipped below a 1 percent annual growth rate last quarter, and the 1,000 largest public companies have reduced employment. Nearly one year after the Republican tax law, the sugar high appears to be wearing off.
Nearly a year after the passage of the Republican tax law, millions of Americans are still waiting for the wage gains that Republicans promised—another disappointment after more than three decades of slow middle class income growth. Nonpartisan analysis shows that temporary bumps to middle class paychecks will fade over time, eventually making these Americans worse off by 2027. The tax law has proven to be a missed opportunity, yielding little to no benefit to the middle class. Instead, it has padded the profits of corporations who are using the extra cash to buy back their own stock, with buybacks expected to surpass $1 trillion this year.
In a series called "Innovation Spotlight," Joint Economic Committee Democrats are highlighting cutting-edge policy solutions that empower small towns and rural communities across the nation. The latest edition looks at a brewery restoration project in Potosi, Wisconsin.
Last month, the United Nations released a report highlighting the devastating impacts of global warming. Without a drastic reduction in carbon emissions in the next 12 years, scientists predict the globe will miss its target of limiting global warming to 1.5°C and greatly increase our risk of drought, floods, extreme heat, and poverty for millions of people. We need a variety of solutions to this pressing problem, including incentivizing more Americans to adopt electric vehicles.
Public spending on transportation and water infrastructure as a share of Gross Domestic Product (GDP) has declined over the last several decades despite much needed investments across the country. When it comes to infrastructure investment, state and local governments have carried the burden for decades. In 2017, state and local governments accounted for nearly 78 percent of spending on transportation and water infrastructure. Increasing the federal government’s share should be a top priority, as federal infrastructure investment can create good jobs and increase economic activity.