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 most important responsibility of government is to keep people safe – and that includes ensuring that we are not reliant on adversaries like China for components of defense technologies. This new report highlights the critical role that the Inflation Reduction Act plays in strengthening our national security and lowering costs for American families – and the progress that President Trump and Congressional Republicans are now threatening to reverse.”
“Small business owners are innovative, driven, and scrappy – they often operate on razor-thin margins and are constantly finding new ways to grow. But President Trump’s tariffs are needlessly causing immense uncertainty for small business owners, forcing them to make layoffs, increase prices for their customers, and even close their doors. Through new data and the direct experiences of individual small business owners, this report demonstrates the ways in which tariffs are already hurting small businesses,” said Senator Maggie Hassan, Ranking Member of the Joint Economic Committee.
Apr 14 2025
REPORT: New Data Show Role of Medicaid – Especially Medicaid Expansion – in Combating the Fentanyl Crisis
“The Trump Administration and Members of Congress on both sides of the aisle agree that access to addiction treatment is a critical tool in combatting the fentanyl crisis – and as this new report highlights, Medicaid is what enables one million people to get medication-assisted treatment for opioid addiction, the gold standard of addiction care,” said Senator Maggie Hassan, Ranking Member of the Joint Economic Committee. “President Trump and Congressional Republicans have proposed gutting Medicaid — in order to pay for tax breaks for corporate special interests and billionaires — which would jeopardize addiction care just as our country is finally starting to see progress in addressing the fentanyl crisis.”
“As a son of an immigrant, I know how hard immigrants work, how much they believe in this country, and how much they’re willing to give back. They are the backbone of our economy and the driving force behind our nation’s growth and prosperity,” said Chairman Martin Heinrich (D-NM).
Dec 11 2024
JEC Chairman Heinrich: "Mexico, Canada, and China will not pay for tariffs. Americans will.”
Senator Martin Heinrich released the following statement after the Bureau of Labor Statistics (BLS) reported that prices measured by the Consumer Price Index (CPI) increased 0.3% in November. Data also show that annual prices grew 2.7.% over the last year.
“President-Elect Trump and Republicans love to rewrite history. Here are the facts: Trump was the first President since World War II to leave office with fewer jobs than when his administration started. And his disastrous policies will hurt our economy once again.”
“But with President-Elect Trump in office, the reality for Americans’ finances will become bleak. Trump and Republicans have led Americans to believe that their policies will lower costs, but make no mistake: imposing new tariffs, mass deportations, and politicizing the Federal Reserve will lead to skyrocketing prices. "
“Our nation is still recovering from the devastating impact of Hurricanes Helene and Milton. Small business owners have lost their livelihoods, and many residents are out of work due to the storm. Today's jobs report is a function of climate-caused extreme weather events, not our economic strength."
“The economy is better today than it was four years ago, before the Biden-Harris administration took office, and the proof is in the data. Wages are outpacing inflation. Inflation is coming down. And we’ve seen nearly four years of robust job gains and economic growth that has exceeded expectations."