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Joint Economic Committee Democrats

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Jun 05 2017

Casper Star-Tribune (Wyoming) - Wyoming parents pay less for child care but still feel sticker shock

Infant care in Wyoming costs $9,110 a year, below the national average of $10,476, according to the report, released by Sen. Martin Heinrich, a New Mexico Democrat and the ranking member of the Joint Economic Committee. Wyoming families spent 13 percent of their income on infant care. For a single mother, infant care e ats up 30 percent of her income on average, the report states. Nationally, 15 percent of a family’s income and 42 percent of a single mother’s income is spent on child care.

Jun 02 2017

The Hill - Unemployment rate hits 16-year low as just 138K jobs added

“After more than 130 days in office, President Trump has yet to show us he is serious about creating jobs and raising wages across the country,” said Sen. Martin Heinrich (D-N.M.), ranking member of the Joint Economic Committee. “Rather, he has pushed for policies that will only hinder economic growth: a disaster of a healthcare plan that will kick millions off their health insurance, a budget that threatens working families, and reckless practices by his administration that only endanger the economic security of every American while he benefits," Heinrich said. Still, job gains averaged 121,000 over the past three months, well above the 80,000 needed to lower the jobless rate.

Jun 02 2017

Heinrich Statement on May Jobs Report

After more than 130 days in office, President Trump has yet to show us he is serious about creating jobs and raising wages across the country. Rather, he has pushed for policies that will only hinder economic growth: a disaster of a health care plan that will kick millions off their health insurance, a budget that threatens working families, and reckless practices by his administration that only endanger the economic security of every American while he benefits.

Jun 01 2017

Salon - Here’s how much economic damage President Trump’s alleged corruption could be doing

Democrats in the Joint Economic Committee say that Trump is “likely doing economic harm” by “flaunting the laws and conventions of good governance that made the United States a cornerstone of the global economy” in a staff report. The report, called “The Costs of Corruption to the American Economy,” includes as specific examples the president implementing policies that specifically help his business interests (such as rolling back Clean Water Act protections), regularly visitinghis commercial real estate properties and clubs in ways that give them publicity and thus increase their revenue and being awarded Chinese trademarks at the same time that he began to honor the “One China” policy.

Jun 01 2017

JEC Democrats: The Costs of Corruption to the American Economy

Joint Economic Committee Democrats released a new report today on the economic costs of corruption. Although corruption is not a concept we are familiar with discussing in the context of the contemporary American politics, President Trump has begun to undermine the norms and institutions that enable not only our democracy to function, but also our economy.

May 25 2017

Financial Regulation News - Congress needs to address challenges of rural America, according to Joint Economic Committee Democrats

A new report, “Understanding the Economic Challenges in Rural America,” finds that declining population, limited employment opportunities, an education gap, and lack of public investment pose serious challenges to the economic vitality of rural communities. These communities also face a series of structural challenges, such as geographic remoteness and insufficient infrastructure.

May 25 2017

Heinrich Statement on CBO Score of TrumpCare

Today’s score from the nonpartisan Congressional Budget Office confirms again just how catastrophic TrumpCare could be for millions of American families. TrumpCare would strip 14 million of their health insurance next year and 23 million by 2026, all to give tax breaks to the wealthiest Americans. That’s reckless and inexcusable. Americans deserve far better than this disaster of a bill that would be harmful to our economy and our communities.

May 24 2017

WKSU (Ohio) - Ohio's Democratic U.S. Sen. Brown Says Ohio Vets Could Be Deeply Hurt by AFA Repeal and Trump Budget

Brown, a Democrat, mounted an attack on two fronts he said would hurt veterans and millions of others: The House Republican healthcare plan and President Trump’s budget. Estimates of Impact on Ohio in 2018 per the Joint Economic Committee Democratic staff: Increase in Premiums, $550; No. Losing Private Coverage, 292,982; Increased Cost of Uncompensated Care to Hospitals, $263,684,124

May 23 2017

JEC Democrats Report: TrumpCare Leaves Rural Health Behind

Joint Economic Committee Democrats released a new report today on the damaging impact TrumpCare would have on rural America. Instead of focusing on improving health care delivery in rural America, House Republicans passed a bill that will only make it harder to access affordable, quality health services in rural communities across the country.