“The details of the secretive Republican tax proposal emerging today reveal a plan that does very little for working families and may even increase their tax burden, while providing deficit-busting giveaways for others that bankrupt our ability to invest in a stronger economy tomorrow. We need to make sure the tax code is working for everyday New Mexicans, growing the economy, creating good paying jobs, and supporting families and communities across the country. This GOP plan is a setback on almost every level.”
In the wake of devastating hurricanes that have struck the United States and wildfires that destroyed nearly 6,000 homes in California, Joint Economic Committee Democrats released a report on the need to limit risk from future disasters by rebuilding infrastructure to guard against natural disasters. The destruction we have witnessed makes clear that merely rebuilding without taking actions to ensure that infrastructure, homes, and businesses are made less susceptible to the next natural disaster will only lead to higher costs down the road.
Oct 31 2017
Arizona Daily Star - McSally Can't Ignore Economics of National Monuments in AZ (Letter to the Editor)
Even if the administration and some in Congress don’t care about the intrinsic values of these places, they should appreciate the economic benefits they provide. In Arizona, outdoor recreation accounts for more jobs than defense, technology and aerospace combined. (US Senate Joint Economic Committee). A 2013 study showed nearly $28 million in economic benefits to Flagstaff from visits to local monuments. Martha McSally must pay attention to the economic needs of Arizona and vote against HR 3990.
Episode 3, “Debunking the GOP Tax Plan,” unpacks the Republican proposal that would give massive tax breaks to the wealthy at the expense of working Americans. The episode features Seth Hanlon, senior fellow at The Center For American Progress and former special assistant to President Obama for economic policy at the White House National Economic Council.
Oct 27 2017
Heinrich Statement on 3rd Quarter GDP Data
Today's GDP numbers show the resiliency of the economy this administration inherited. Instead of building on this foundation, President Trump has created a climate of uncertainty, neglected Americans in the wake of disaster, and failed to advance any agenda that will create the good jobs American workers need.
Democrats weren't prepared to yield any credit to the new administration. "Today's GDP numbers show the resiliency of the economy this administration inherited," Sen. Martin Heinrich (D., N.M) said in a statement. "Instead of building on this foundation, President Trump has created a climate of uncertainty."
Sen. Martin Heinrich (D-NM), ranking member of the Joint Economic Committee, praised the Consumer Financial Protection Bureau’s (CFPB) final rule to establish borrower safeguards on payday loans.
There is a great deal of work in front of us and I hope that today’s hearing can provide some perspective on the economic challenges and opportunities before policymakers. I am deeply concerned that the Trump administration has done little to support working families or build a stronger economy. Instead, the administration has turned its attention to a tax plan that will deliver significant tax cuts to the wealthy and force working families to foot the bill.
Oct 20 2017
Glamour Magazine - Elizabeth Warren Once Struggled to Find Child Care—and Every Working Mother Can Relate
Though plenty has changed in the decades since Warren began teaching law, affordable, high-quality child care remains one of the most significant challenges for working parents. According to a recent report from the Democratic staff of the Congress Joint Economic Committee, American families spend an average of 15 percent of their income on child care—and in states like California, New York, Arizona, Colorado, and Oregon, it's not uncommon for that total to hit the 20 percent mark.
I am deeply disappointed that Republicans voted for a budget that slashes Medicaid and Medicare, and cuts critical services that invest directly in our communities. This budget ignores our current reality and makes it tougher for American families to afford a college education or access quality health care coverage.