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The Joint Economic Committee – Minority released a new report today finding that the combination of President Trump’s tariffs and the Republican budget bill will cost the typical firefighter, teacher, truck driver, and other middle class workers hundreds of dollars next year, while the wealthiest Americans will get massive windfalls.

To read the full report click here

The Joint Economic Committee – Minority released a new report today finding that since President Trump imposed his tariffs, new parents in the United States are paying 24% higher prices for key goods for new babies. The Committee analyzed price changes between April 1st – just before Trump announced the so-called “Liberation Day” tariffs on nearly every country – and June 9th.

Read the full Joint Economic Committee – Minority report here.

The Joint Economic Committee - Minority released updated data, broken down by state and Congressional District, of the 16 million people who would lose health insurance due to President Trump and Congressional Republicans’ proposed cuts to Medicaid and the Affordable Care Act, after the nonpartisan Congressional Budget Office (CBO) released an updated analysis this week.

The Committee data broken down by state is available here, and the data by Congressional District is available here.

According to the nonpartisan Congressional Budget Office (CBO)’s analysis about legislation released on May 11th by House Republicans, cuts to Medicaid and the Affordable Care Act (ACA) would result in roughly 13.7 million people losing their health insurance by 2034. Using CBO’s analysis and other research, the Joint Economic Committee – Minority calculated initial estimates of the number of people who would lose health insurance in each Congressional District.

The full list of district estimates is available here

The Joint Economic Committee – Minority calculated new state-by-state data on the number of people who would lose health insurance due to President Trump and Congressional Republicans’ proposed cuts to Medicaid and the Affordable Care Act. The Committee calculations are based on the latest numbers available, including from the nonpartisan Congressional Budget Office (CBO)’s initial analysis released on Sunday evening – which found that cuts to Medicaid and the Affordable Care Act would result in roughly 13.7 million people losing their health insurance by 2034.

Read the full report here

The Joint Economic Committee – Minority released a report today detailing the ways in which the energy tax cuts in the 2022 Inflation Reduction Act help the United States outcompete China, while also lowering costs for families. As the report details, the law has spurred the creation of new jobs and manufacturing facilities here in the U.S., including at factories that produce materials critical to our national security. The report also includes new Committee calculations, which find that a typical household can save up to $1,080 in annual energy costs through the law.

Read the full report here.

The Joint Economic Committee – Minority today released a report with new data on Medicaid’s role in combating the opioid epidemic and fentanyl crisis. The report finds that about one million people receive the gold standard for opioid addiction treatment through Medicaid, and that more than 60 percent of these individuals are only eligible for Medicaid through Medicaid Expansion.
The budget resolution passed by House Republicans on February 25 does not include specific policies, and at this stage of the budget process, it is impossible to know how budget reconciliation legislation will be written. However, the House-passed budget requires a minimum of $1.5 trillion in federal funding cuts and requires at least $2 trillion in cuts in order to unlock proposed additional tax breaks for the wealthiest Americans. To help hit those targets, the Republican House Budget Committee laid out a menu of potential cuts, including cutting up to $2.3 trillion from Medicaid – about one third of Medicaid’s projected federal funding over that period.

Given the size of cuts under consideration, and the potential that states would be forced to make additional cuts if federal funding for Medicaid decreases, this analysis from the Joint Economic Committee – Minority lays out what it could mean if Republicans succeed in cutting federal funding for Medicaid by up to one third and distribute those cuts evenly across all populations and geographies. These numbers are not intended to predict precisely what will happen, but rather to help demonstrate the magnitude of the cuts that congressional Republicans may make.
In New Hampshire, Medicaid provides health care for more than 180,000 kids, seniors, people with disabilities, and families. It covers routine preventive care, treatment for chronic conditions, and many other health care services—including medication-assisted treatment for opioid use disorder. Medicaid coverage also helps unemployed individuals access the care that they need to get healthy and start a new job.

Cuts to Medicaid would be particularly detrimental to New Hampshire, in part because these cuts could automatically end Medicaid Expansion under current state law. Medicaid Expansion currently covers more than 60,000 Granite Staters, and new data show that the vast majority of Granite Staters who receive opioid addiction treatment through Medicaid are covered because of Medicaid Expansion.

Analysis by the Joint Economic Committee – Minority details the importance of Medicaid for Granite Staters’ overall health, Medicaid’s role in fighting the opioid epidemic, and that Medicaid access can help Granite Staters join the workforce.