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U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee, delivered the following statement at today’s hearing entitled “A Record Six Million U.S. Job Vacancies: Reasons and Remedies.” Ranking Member Heinrich emphasized in his opening statement the importance of investing in education and training options in order for workers to remain competitive in the future economy.
Today’s jobs report underscores the risk that Republican’s TrumpCare poses for the U.S. economy. Health care, as the fastest growing sector, is an important economic driver, and TrumpCare threatens this growth. While some parts of this country have recovered and surged ahead after the financial crisis, many communities have struggled to regain their footing.
Despite lagging behind their counterparts elsewhere, judges are still relatively well off when compared to most other New Mexicans. A recent economic snapshot published by the U.S. Congress Joint Economic Committee says the median household income in the state is $45,100 per year, while the median household income nationwide is $56,500 per year.
That same day, Sen. Heidi Heitkamp, D-N.D., responded to a report from the nonpartisan Congressional Budget Office. Pointing to the budget office’s statement that the bill would take health care away from 22 million Americans by 2026, Heitkamp discussed how that would affect North Dakota residents. “According to (Congress’) Joint Economic Committee, in 2018, more than 31,000 North Dakotans would lose private health coverage, and those with coverage would see their premiums increase by an average of almost $800,” she said.
Joint Economic Committee Democrats released a video today highlighting the impact the Senate version of TrumpCare would have on American families. The video features U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee and Representative Carolyn Maloney (D-N.Y.), Member of the Joint Economic Committee. The video also features Shelby, a woman from West Virginia who was recently featured in a New Yorker story about the opioid epidemic.
About 1.6 million people would lose coverage next year, and by 2026 the state would lose $24 billion in federal money for Medi-Cal, the state's Medicaid health care plan for the poor, Feinstein told reporters in a conference call with fellow Democrats Gov. Jerry Brown and Sen. Kamala Harris. "It's the most indefensible bill I've actually seen in 24 years in the Senate," Feinstein said.The numbers came from the liberal think tank Center for American Progress, Congress' Joint Economic Committee and the state of California, according to Feinstein's office.