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.
Nov 14 2018
Tax Credits Expand Adoption of Electric Vehicles
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.
The Consumer Financial Protection Bureau (CFPB) under President Trump’s direction plans to eliminate its supervisory role under the Military Lending Act (MLA) of predatory lenders who charge excessive interest on loans to service members. These predatory lenders target young service members and their families who lack an established credit history and have less access to traditional forms of credit when emergencies occur.
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 implementing universal pre-K in Dayton, Ohio.
Today, the Senate Republicans rejected a resolution of disapproval to rescind the Trump administration’s rule expanding junk plans. Junk plans—or short-term, limited duration plans—allow insurance companies to sell lower-value plans and skirt nearly all federal consumer protections.
Oct 09 2018
Annual Deductibles Are Rising Faster Than Wages
New survey data shows that annual premiums for employer-sponsored health insurance rose 5 percent to $19,616 for family plans and 3 percent to $6,896 for single coverage in 2018, continuing the upward trend. The average covered worker is responsible for about 29 percent of the premium for family coverage and 18 percent of the premium for single coverage. And to add on to those costs, a growing share of covered workers face a general annual deductible. Since 2008, general annual deductibles for covered workers have increased more than eight times as fast as wages. This puts a strain on American families’ pocketbooks, as workers have to cover more and more of their health care bills out of pocket.
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 opioid addiction recovery programs in New Hampshire.
New evidence shows that offering two years of high-quality preschool at zero cost boosted labor force participation among mothers in Washington D.C. at both ends of the income spectrum and across all levels of educational attainment. Mothers with less than a high school degree experienced the largest gains. The city now boasts the highest maternal labor force participation rate (LFPR) in the nation. From 2008 to 2016, the LFPR rose 15 points for mothers below 100 percent of the poverty line and 13 points for mothers above 500 of the poverty line. This is further evidence that universal preschool programs are a worthwhile investment in families, providing educational benefits for children and allowing more women to participate in the labor force.
Sep 24 2018
ACA Reduced Uninsured Rate for New Mothers
Before the ACA, many new mothers who were covered by Medicaid for delivery lost coverage within six months of giving birth. But after the implementation of the ACA, the uninsured rate among women who had given birth in the past year fell by 41 percent from 2013 to 2016. And in states that expanded Medicaid, the rate was cut by more than half. Despite this progress, more than 1 in 10 new mothers still lacked coverage in 20 states in 2015-16. Instead of supporting programs that expand coverage for new mothers, the latest House Republican budget called for $1.5 trillion in cuts to Medicaid and other health programs.