The Joint Economic Committee - Minority issued a report today on the impact of President Trump’s tariffs, which have driven up costs and triggered economic uncertainty for America’s small businesses. The report includes new Committee data, including that the smallest businesses lost 4.5 times more jobs in 2025 than during the pandemic in 2020. This report comes during National Small Business Week, which runs from May 3 – 9, 2026.
May 04 2026
NEW: U.S. Local Businesses & Communities Hit by Declining Tourism, Job Losses Under President Trump
The Joint Economic Committee - Minority released a report today that details ways that President Trump’s tariffs and other actions have led to a fall in both domestic and international tourism to American communities and the impact that has had on local businesses. The report includes new data, including that 2025 marked the first decline in hotel and lodging sector jobs since the pandemic. The report comes ahead of the annual National Travel and Tourism Week, which begins on May 3.
Apr 23 2026
NEW REPORT: President Trump’s Tariffs Crush Small Manufacturers, Threaten U.S. Economy and National Security
The Joint Economic Committee - Minority issued a report today that details the ways in which President Trump’s reckless tariffs have inflicted harm on the small businesses that make up the American manufacturing base. In his inauguration speech, President Trump promised to make the U.S. “a manufacturing nation once again.” Yet more than a year into his second term, the Trump administration’s policies have done the opposite – resulting in a loss of more than 100,000 manufacturing jobs and a significant decline in small manufacturers’ profit margins.
Apr 22 2026
Updated State-by-State Cost Data: Families Have Spent $2,300 More Due to Inflation Under Trump
Updated calculations from the Joint Economic Committee – Minority estimate how much more an average family in every state has spent on goods and services since President Trump took office.
An updated Joint Economic Committee Minority analysis shows Americans have paid more than $16 billion more at the pump since President Trump began his reckless war with Iran.
Apr 09 2026
SCAMS ALERT: Bipartisan Leaders of the Joint Economic Committee Warn Americans About Tax Season Scams
Ahead of the April 15th deadline for tax filing, Joint Economic Committee Chairman David Schweikert (R-AZ), Ranking Member Maggie Hassan (D-NH), Vice Chairman Eric Schmitt (R-MO), and Senior House Democrat Don Beyer (D-VA) issued a bipartisan alert today warning Americans about common tax season scams.
New data from the Joint Economic Committee – Minority show that families in New England are paying at least $200 more to heat their homes with oil since President Trump launched his war with Iran.
Following President Trump’s 2025 tariff announcements and the ensuing economic uncertainty, home construction costs increased over the last year and fewer new homes began construction. These challenges continue to grow in 2026, which will further drive up the cost to rent or buy homes and make it harder to address the nation’s housing shortage.
One month since President Trump unilaterally started his war against Iran, a new Joint Economic Committee – Minority analysis shows the ways in which Americans are being squeezed by surging gas prices.
The Joint Economic Committee – Minority released a new report on nationwide and state-by-state changes in electricity costs from 2024 to 2025. The updated Committee calculations show that the energy cost crisis facing American families is worse than previously projected, with the average U.S. electric bill increasing by $110, or 6.4 percent, last year.