Republicans seem to believe we can afford massive amounts of additional deficit spending, because their tax planbusts the budget by $1.5 trillion over 10 years to provide more tax breaks for the wealthy and special interests. If Republicans insist on deficit spending, imagine if instead we invested in our people and communities.
Meanwhile a Nov. 15 Joint Economic Committee Democrats’ report faults the House tax package (H.R. 1) for putting an estimated 4.5 million jobs at risk over next 10 years by eliminating Private Activity Bonds, the New Markets Tax Credits, and the Historic Tax Credit Program.
Even with the struggles some veterans face transitioning to civilian life, the economic state of the veteran community is on an upward trend. Overall, the nation’s 20.5 million veterans earn more, experience lower unemployment, are more likely to have health insurance, and less likely to live in poverty than their non-veteran peers.
A report released by Democratic members of the Joint Economic Committee highlights causes of the increasing cost of college for many Americans. It identifies, among those, declining state support for public institutions, incentives for institutions at odds with keeping programs affordable, and failures in the regulatory system to hold programs failing students accountable.
A report released by Democratic members of the Joint Economic Committee highlights causes of the increasing cost of college for many Americans. It identifies, among those, declining state support for public institutions, incentives for institutions at odds with keeping programs affordable, and failures in the regulatory system to hold programs failing students accountable.
Nov 07 2017
Politico - Morning Education
Democrats on the Joint Economic Committee, led by Sen. Martin Heinrich, today are releasing a new report describing “The College Affordability Crisis in America.” Read it here.
The report outlines the increasing cost of a college education in the United States. College costs have soared for both public and private institutions since the early 1970s, putting college out of reach for many Americans. It is important that Congress and the administration address rising college costs to ensure that all Americans have access to an affordable, high-quality, postsecondary education.
Nov 03 2017
Heinrich Statement on October Jobs Report
The economy the Trump administration inherited is resilient and this month’s job numbers reflect that. But rather than building from this position, President Trump and Republicans in Congress are jeopardizing growth by pushing a tax reform bill that benefits the wealthiest, at the expense of working families and rural communities. Hard-working Americans will be faced with double taxation, higher homeownership costs and medical expenses, and more expensive student loan debt.
Still, some lawmakers believe a recognition of the threats posed by climate change is essential when drafting mitigation, preparedness and response solutions to extreme weather events. "We've seen the economic toll that climate change takes on communities through larger and more frequent storms, fires and floods," said Sen. Martin Heinrich (D-N.M.), ranking member of the Joint Economic Committee, in a statement to E&E News yesterday. "We must ensure that our recovery efforts include improvements in infrastructure that prepare us for a new climate reality. As Congress moves forward with additional disaster relief, it should require relief funds for the construction of resilient infrastructure and also prioritize mitigation efforts that save us money." Heinrich yesterday released a report on the need to rebuild infrastructure from natural disasters in a way that limits future risk.
Nov 02 2017
Politico - Morning Energy
Joint Economic Committee Democrats released a report Wednesday arguing the federal government must adapt how it rebuilds following natural disasters to be more resilient and that every dollar spent on disaster preparedness provides almost $4 in future benefits. Take a glance here.