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.
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.
Jun 05 2025
NEW: Updated State-by-State & Congressional District Data on Health Insurance Losses from Medicaid, ACA Cuts
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 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.”