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Joint Economic Committee Democrats

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Aug 14 2015

Op-ed: The Top Ten Things Everyone Should Know About the Ex-Im Bank (The Huffington Post)

By Carolyn B. Maloney

Recently, Republican Senator Ted Cruz and his colleagues on the far right called their successful efforts to block renewal of the charter of the U.S. Export-Import Bank an "important victory." Unfortunately, their "victory" may cost many Americans their jobs. It may cause small businesses to go under. It may cost thousands of American exporters, large and small, a vital competitive edge. Calling this a "victory" requires some pretty remarkable mental gymnastics. Most who follow the issue, business and labor, Democrats and even some Republicans, are viewing this as a serious, self-inflicted economic wound.

Aug 07 2015

Maloney Hails Steady Job Growth

Calls for Investments to Accelerate Pace of Job Growth

Joint Economic Committee (JEC) Ranking Member Carolyn Maloney (D-N.Y.) said "The July jobs report shows continued broad and steady economic improvement. We have now seen 65 consecutive months of private-sector job growth, which is a remarkable record, and an unemployment rate at a seven-year low."

Jul 28 2015

Dynamic Scoring Undermines Budget Accuracy

Republican Gimmick to Diminish Cost of Tax Cuts

WASHINGTON – Joint Economic Committee (JEC) Ranking Member Carolyn Maloney (D-N.Y.) Tuesday asserted that dynamic scoring is an unreliable Republican budget gimmick designed to mask the real cost of tax cuts. ”There is a serious problem with dynamic scoring – it provides results that are highly uncertain, vary wildly, and could be subject to manipulation,” Maloney said. It “change(s) the rules of the game so my Republican colleagues can get the results they want.

Jul 23 2015

Private-Sector Employment Up in 27 States in June

State-by-State Analysis Also Shows Gains in Hourly Earnings

The Joint Economic Committee (JEC) Democrats’ monthly State-by-State Snapshots for June also show that unemployment fell in 21 states and the District of Columbia.

Jul 22 2015

JEC Report: Export-Import Bank Good for Small Businesses

Maloney Says Failure to Renew Bank is “Unilateral Economic Disarmament.”

A new report finds that the Export-Import Bank levels the global economic playing field for all U.S. businesses, returns money to the Treasury, and helps small firms obtain loans when they otherwise couldn’t get them from commercial banks.

Jul 15 2015

Republican Critique of Obama Recovery Misses Target

Labor Force Participation Decline Pre-Dates Obama, Driven by Other Factors

The nation’s labor force participation rate has been declining for several years, in large part due to the retirement of baby boomers, Joint Economic Committee (JEC) Ranking Member Carolyn Maloney (D-N.Y.) said Wednesday.

Jul 02 2015

Maloney Reacts to Monthly Jobs Report

Economy Adds 223,000 Nonfarm Jobs in June

"This jobs report underscores the fact that the economy is on solid footing but we are still well short of where we want to be six years into the recovery from the Great Recession. The good news is we have now seen 64 consecutive months of private-sector job growth, the unemployment rate continues to decline, and the long-term unemployment rate also has declined.”