Joint Economic Committee Democrats today issued a report in response to this morning’s release of the second-quarter gross domestic product (GDP) estimates by the U.S. Department of Commerce. The new JEC report details that large gains for a small group can keep total income growing, while many Americans continue to see their incomes shrink. The report also emphasizes that while GDP is an important indicator, it doesn’t show the entire country’s economic picture, and that the Republican tax plan does in fact benefit the wealthy while leaving working Americans behind.
Ahead of the 53rd anniversary of Medicare being signed into law on July 30, 1965, Joint Economic Committee Democrats released a report today that highlights the importance of Medicare to its beneficiaries, their families, and the economy in light of ongoing Republican attacks to cut the program. The report emphasizes that Congress should act to protect and strengthen Medicare, not undermine the program’s long history of success.
U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee, delivered the following statement at today’s hearing entitled “The Innovation Economy, Entrepreneurship, and Barriers to Capital Access.” In his remarks, Senator Heinrich highlighted the recent Joint Economic Committee Democrats report, “Investing in Rural America,” that emphasizes that tribal and rural communities often struggle to reach mainstream financial institutions, and need federal resources to successfully secure capital and technical assistance.
Jul 18 2018
Roll Call - Democratic Staff of Most Powerful Senate Committees Have the Least Racial Diversity
At the other end of the Democrats’ panel diversity rankings, Indian Affairs took the top spot for the second straight year. The staff is entirely nonwhite.The second-most diverse Democratic staff is found on the Joint Economic Committee, which is half white. The Senate Aging Committee comes in third.
Jul 14 2018
ABC News - Paul Ryan says economy is booming, but warns that new tariffs 'are not the solution'
Beyond tariffs, Rep. Don Beyer, D-Va., said Republicans had ruined the economy for working-class Americans. “The Trump Administration and the GOP Congress have one major legislative accomplishment: gutting Medicare and Social Security to slash taxes for CEOs and the wealthy," Rep. Don Beyer, D-Va., a member of the Joint Economic Committee, told ABC News in a written statement. "Because of their policies, wages are stagnant and health care costs are soaring.
Rural communities such as Carlsbad especially rely on national parks for tourism – a major driver of rural economies, Heinrich said. Heinrich referenced data from a recent report by the Joint Economic Committee he said showed that rural communities who host NPS units recovered faster from the recession in 2007.
Jul 06 2018
Heinrich Statement on June Jobs Report
Instead of building off continued economic growth and proposing policies to create jobs and raise wages, the Trump administration has started a trade war that threatens to drive prices even higher for working Americans. Farmers and families across the country are already feeling the effects of these tariffs that risk their economic security and livelihood. Everyone in New Mexico – from dairy producers, to pecan growers, to small brewers – is paying the price for the president’s reckless and short-sighted actions.
Jun 29 2018
KRWG - The State Of Rural Communities: A Report
Recently, the Joint Economic Committee Democrats released a report that evaluated that state of the economy in rural communities, and proposed policies that could help them. Donna Resendez examines this report, with the help of a JEC press conference featuring Senator Martin Heinrich.
Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee, released the following statement ahead of the Senate vote on the 2018 farm bill. In his statement, Senator Heinrich also highlighted a new report from JEC Dems that advocates for passage of a strong, bipartisan farm bill that will strengthen rural America:
Democrats on the Joint Economic Committee are urging Congress to "resist" efforts by the Trump administration to shrink public lands and instead get behind legislation to increase access and economic opportunities on these lands and improve the lives of rural Americans. The report, titled "Investing in Rural America," focuses on the overall economic state of rural communities but includes a detailed section on the importance of public lands to the residents in these areas.