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Joint Economic Committee Democrats

Issue Briefs

Jan 14 2022

Abortion Access Is Key to Economic Freedom

Access to safe and legal abortion is an economic issue, not only an issue of bodily autonomy and individual agency. Access to abortion enables people to make the decisions that are right for them and their financial security. Furthermore, the ability to control if and when to have a child has lifelong economic consequences not only for the people directly impacted, but also their families and communities.

Jan 11 2022

How the Build Back Better Act Would Reduce Inflationary Pressure and Cut Costs for Families

Underinvestment in America’s public infrastructure helped create the conditions for the inflation—or higher prices for the same goods, economywide—that the U.S. is currently experiencing. The economic recovery, fading emergency pandemic relief and the Federal Reserve’s actions will reduce inflation in 2022, but the Build Back Better Act presents the best opportunity for Congress to reduce inflationary pressure long term, cut costs for families and boost economic resilience.

Dec 17 2021

Estimates of Advance Child Tax Credit Distribution by Congressional District (December 2021)

Using state-level data from the Treasury Department on advance Child Tax Credit (CTC) payments, the Joint Economic Committee estimated the number of qualifying children, total number of payments and total payment amount by congressional district in December 2021, when the sixth round of CTC payments was distributed, as well as the cumulative payment amount by congressional district from July through December 2021. To mark six months of advance CTC payments, the JEC released a review of the evidence showing the economic benefits for 61 million children, 36 million families and the overall economy.

Dec 17 2021

State-By-State Fact Sheets: November Employment Data

Each month, the Bureau of Labor Statistics (BLS) releases national and state-level data on U.S. employment, which provide useful information about the state of the labor market and progress toward building back better.

Dec 14 2021

UPDATE: Six Months of Advance CTC Payments Have Dramatically Reduced Childhood Poverty and Improved Family Finances

The expansion of the CTC, included in President Biden’s American Rescue Plan, is one of the largest-ever single-year tax cuts for families with children. It dramatically increased the value of the CTC from $2,000 per child to up to $3,600 per child under age 6 and $3,000 per child between age 6 and 17, putting money in the pockets of low- and middle-income families to pay for household expenses like food, rent, utilities and child care.

Dec 13 2021

Build Back Better Supports Economic Growth by Increasing Tax Fairness

The Build Back Better Act will reduce costs and cut taxes for working families, make critical investments to grow the economy, promote shared prosperity and increase revenue by asking the wealthiest Americans and the most profitable corporations to pay their fair share. Passing the fully paid-for Build Back Better Act, in addition to the recently enacted bipartisan Infrastructure Investment and Jobs Act, will support sustained economic growth, increase productivity, create jobs and reduce long-term inflationary pressure.