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The Joint Economic Committee – Minority released a new report today finding that the combination of President Trump’s tariffs and the Republican budget bill will cost the typical firefighter, teacher, truck driver, and other middle class workers hundreds of dollars next year, while the wealthiest Americans will get massive windfalls.

To read the full report click here

The Joint Economic Committee – Minority released a new report today finding that since President Trump imposed his tariffs, new parents in the United States are paying 24% higher prices for key goods for new babies. The Committee analyzed price changes between April 1st – just before Trump announced the so-called “Liberation Day” tariffs on nearly every country – and June 9th.

Read the full Joint Economic Committee – Minority report here.

The Joint Economic Committee - Minority released updated data, broken down by state and Congressional District, of the 16 million people who would lose health insurance due to President Trump and Congressional Republicans’ proposed cuts to Medicaid and the Affordable Care Act, after the nonpartisan Congressional Budget Office (CBO) released an updated analysis this week.

The Committee data broken down by state is available here, and the data by Congressional District is available here.

According to the nonpartisan Congressional Budget Office (CBO)’s analysis about legislation released on May 11th by House Republicans, cuts to Medicaid and the Affordable Care Act (ACA) would result in roughly 13.7 million people losing their health insurance by 2034. Using CBO’s analysis and other research, the Joint Economic Committee – Minority calculated initial estimates of the number of people who would lose health insurance in each Congressional District.

The full list of district estimates is available here

The Joint Economic Committee – Minority calculated new state-by-state data on the number of people who would lose health insurance due to President Trump and Congressional Republicans’ proposed cuts to Medicaid and the Affordable Care Act. The Committee calculations are based on the latest numbers available, including from the nonpartisan Congressional Budget Office (CBO)’s initial analysis released on Sunday evening – which found that cuts to Medicaid and the Affordable Care Act would result in roughly 13.7 million people losing their health insurance by 2034.

Read the full report here

The Joint Economic Committee – Minority released a report today detailing the ways in which the energy tax cuts in the 2022 Inflation Reduction Act help the United States outcompete China, while also lowering costs for families. As the report details, the law has spurred the creation of new jobs and manufacturing facilities here in the U.S., including at factories that produce materials critical to our national security. The report also includes new Committee calculations, which find that a typical household can save up to $1,080 in annual energy costs through the law.

Read the full report here.

The Joint Economic Committee – Minority today released a report with new data on Medicaid’s role in combating the opioid epidemic and fentanyl crisis. The report finds that about one million people receive the gold standard for opioid addiction treatment through Medicaid, and that more than 60 percent of these individuals are only eligible for Medicaid through Medicaid Expansion.
Trump is proposing massive new tariffs—or taxes on imported goods—that will drive up costs for Americans while hurting the overall economy. Despite Trump’s claims that foreign countries pay for tariffs, evidence from Trump’s previous tariffs shows that it was actually domestic importers and American families who faced higher costs after they took effect. If Trump actually imposes his proposed tariffs, economists expect they would cost a middle-class household thousands of dollars per year, and result in billions of dollars in losses for the national economy.
A Republican-led government shutdown would have serious impacts on the U.S. economy. It would reduce economic output and harm consumer confidence as many important government functions would shut down due to lack of funds. Americans would face disruptions to important benefits, many private businesses would have to alter their operations, and federal workers across the country would be furloughed and go unpaid. Congress must act to prevent this avoidable harm to the U.S. economy.