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Joint Economic Committee Democrats

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May 05 2017

Heinrich Statement on April Jobs Report

Today, the Bureau of Labor Statistics released its jobs report on hiring in April, showing over 16 million private sector jobs were created during the past 86 months. These numbers continue to indicate the success of a growing economy inherited by President Trump. Instead of building off of this growth handed to him by his predecessor, we have yet to see any clear plan on creating jobs and raising wages from the President or Congressional Republicans.

May 05 2017

The Hill - Jobless rate falls to lowest level since 2007

But Sen. Martin Heinrich (D-N.M.), ranking member of the Joint Economic Committee, said Friday’s figures “continue to indicate the success of a growing economy inherited by President Trump.” “Instead of building off of this growth handed to him by his predecessor, we have yet to see any clear plan on creating jobs and raising wages from the president or congressional Republicans," Heinrich said.

May 04 2017

Heinrich Statement on TrumpCare Vote

I am extremely disappointed that House Republicans voted to pass TrumpCare, a bill that would be a disaster for millions of hard-working American families who will be left without coverage and others paying more for less care. TrumpCare will take away protections for people with pre-existing conditions and offer as a replacement underfunded high-risk pools – where they will likely receive limited coverage and face higher costs.

May 03 2017

Joint Economic Committee Democrats Release Reports on Dangers of TrumpCare

Joint Economic Committee Democrats today released three reports on the dangerous threats TrumpCare poses to Americans across the country. The findings in these reports conclude that the latest Republican bill would make it harder for rural Americans to obtain health insurance; cut funding used for the treatment of substance use disorders (SUDs); and limit access to and increase costs for mental health services.

May 03 2017

Joint Economic Committee Democrats Release Retirement Crisis Fact Sheet

Joint Economic Committee Democrats released a fact sheet today on the state of retirement in the United States as Republicans attempt to pass Congressional Review Act legislation making it harder for Americans to save for retirement. Far too many workers do not have access to a retirement savings plan through their employer and many earn too little to save. The fact sheet details that more than 30 percent of workers do not have access to retirement benefits through their employer, and nearly 70 percent of the lowest-paid workers do not have access to a retirement plan.

May 02 2017

Heinrich Statement on Vote Against SEC Chairman Nominee

President Trump’s choice to head the SEC – an independent agency charged with making sure Wall Street is kept in check – is not the enforcement cop that hard-working Americans and our recovering economy need at this moment. Quite the opposite. Mr. Clayton has been instrumental in helping the banking industry avoid regulators and game the system in their favor. If confirmed, I believe he would continue to put the interests of Wall Street first.

Apr 27 2017

The Hill - Dems hammer Trump for 'broken promises' in first 100 days

Democrats on the Joint Economic Committee — led by ranking member Sen. Martin Heinrich (N.M.) — will release two reports Thursday knocking Trump over his "broken promises" to rural communities and working-class families. The Democrats argue Trump has hurt families by undermining innovation, rolling back worker protections and making it harder to save for retirement. "By tilting the playing field further towards corporate interests, President Trump is stacking the deck against America's working families," says the report, a copy of which was obtained in advance by The Hill.

Apr 26 2017

Associated Press - Trump proposes tax code overhaul

Senate Democrats, including Sen. Martin Heinrich of New Mexico, questioned Trump’s priorities in the proposed tax cuts. Heinrich called the proposal “a wish list for big corporations and his wealthy friends.” “Democrats and Republicans all agree our tax code should be reformed, but this certainly doesn’t pass the test,” said Heinrich, the ranking Democrat on the House-Senate Joint Economic Committee. “This proves that President Trump has no intention of reaching across the aisle to build consensus on reforms both parties can support.”

Apr 26 2017

Heinrich Statement on President Trump’s Tax Proposal

It took almost 100 days for President Trump to release a one-page tax proposal that reads like a wish list for big corporations and his wealthy friends. This outline lacks detail on how any of these many tax giveaways will be paid for. While President Trump continues to hide his tax returns, we can assume he is proposing to give himself tens of millions of dollars in tax breaks, rather than help struggling families to get ahead.