Nov 03 2017
WASHINGTON, D.C. – U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee, issued the following statement today after the Department of Labor announced 261,000 jobs were added in October:
“The economy the Trump administration inherited is resilient and this month’s job numbers reflect that. But rather than building from this position, President Trump and Republicans in Congress are jeopardizing growth by pushing a tax reform bill that benefits the wealthiest, at the expense of working families and rural communities. Hard-working Americans will be faced with double taxation, higher homeownership costs and medical expenses, and more expensive student loan debt. This is the same failed trickle-down economics that ballooned our deficit and we cannot afford to relive those disastrous policies now.
“Instead, we should be working together on bipartisan tax reform that is pro-growth and pro-worker in order to improve our communities, strengthen working families, and promote economic opportunity. The Republican tax plan does not meet these standards. It’s a bad deal for America, plain and simple. I urge my Republican colleagues to work across the aisle to get things done for working families.”
Joint Economic Committee Democratic staff are comparing job growth each month to the average in the late 1990s (a boom time in the economy), but also to the best individual month each series has ever seen. Click here to follow our job tracker.
For more information, please contact Latoya Veal at Latoya_Veal@jec.senate.gov or 202-224-0379.