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Joint Economic Committee Democrats

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Jun 14 2017

Heinrich Statement on Fed Interest Rate Hike

I am deeply concerned that the Federal Reserve has raised interest rates for the third time in six months. Job and wage growth have yet to return to many parts of the country. Today’s decision will make workers struggle to realize income gains.

Jun 14 2017

KUNM (New Mexico) - Heinrich On Medicaid And ACA Overhaul

The opioid epidemic was the subject of Congress’s Joint Economic Committee hearing last week. New Mexico Senator Martin Heinrich, a Democrat, is the ranking member of that committee. He spoke with KUNM about the hearing and the prospects for behavioral health in the Republican health care replacement bill.

Jun 09 2017

Think Progress - Trump’s cuts to energy efficiency will cost jobs and taxpayer money, report finds

Democrats on the U.S. Congress Joint Economic Committee studied the energy efficiency sector to determine its impact on economic growth. The researchers found that the two federal programs, Energy Star and the Weatherization Assistance Program, contribute to job growth and make it easier for customers to invest in energy efficiency products and upgrades. In his fiscal-year 2018 budget proposal, Trump called for the elimination of both Energy Star and the Weatherization Assistance Program. These programs enjoy bipartisan support and provide strong benefits to residential and business customers across the country, especially in rural areas where Trump won the presidency with a large majority of votes.

Jun 09 2017

JEC Democrats Report: American Consumers Are on Track to Save $2 Trillion on Energy Costs

Joint Economic Committee Democrats released a report today on energy efficiency and the important role it plays as a component in the clean energy economy. This report follows President Trump’s decision to withdraw the United States from the Paris Agreement, impacting millions of Americans who are employed in the clean energy economy. The report outlines how the application of energy efficiency technologies creates well-paying jobs, lowers government spending, saves consumers and businesses money, increases competitiveness for businesses, and reduces carbon emissions. Congress must now invest in projects and research that foster job growth and the expansion of the energy efficiency economy.

Jun 08 2017

Heinrich Opening Statement at Joint Economic Committee Hearing on the Opioid Crisis

U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee, delivered the following statement at today’s hearing entitled “Economic Aspects of the Opioid Crisis.” In his opening remarks, Ranking Member Heinrich highlighted the impact of Medicaid cuts to substance abuse treatment and mental health care in the House Republicans’ TrumpCare bill.

Jun 06 2017

Financial Regulation News - Unemployment drops, but jobs growth sluggish in May

U.S. Sen. Martin Heinrich (D-NM), ranking member of the Joint Economic Committee, said President Trump’s policies have hurt job growth. “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,” Heinrich said.

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.