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House Republicans are hoping to overturn the financial safeguards put in place to prevent the next financial crisis and to protect consumers from the costs of reckless, abusive, and fraudulent behavior on Wall Street. Republicans’ proposal, the Financial CHOICE Act (Choice 2.0), is a wrong choice for America.
U.S. Treasury Secretary Steven Mnunchin recently claimed long-term economic growth will pay for the cost of President Trump’s proposed tax reform plan. This claim relies on using so-called “dynamic scoring,” a tactic long exploited by Republicans to justify not paying for immense tax cuts. However, dynamic scoring methodologies can lead to wildly different estimates that often underestimate how much these tax cuts increase the budget deficit.
To keep tabs on the current administration’s jobs numbers, a comparison between the April jobs report under President Trump and the average jobs report in the late 1990’s.

May 03 2017

The Retirement Crisis

Joint Economic Committee Democrats released a fact sheet today on the state of retirement in the United States as Republicans attempt to pass Congressional Review Act legislation making it harder for Americans to save for retirement. Far too many workers do not have access to a retirement savings plan through their employer and many earn too little to save. The fact sheet details that more than 30 percent of workers do not have access to retirement benefits through their employer, and nearly 70 percent of the lowest-paid workers do not have access to a retirement plan.
Joint Economic Committee Democrats released a fact sheet today on the state of retirement in the United States as Republicans attempt to pass Congressional Review Act legislation making it harder for Americans to save for retirement. Far too many workers do not have access to a retirement savings plan through their employer and many earn too little to save.
Joint Economic Committee Democrats released three reports on the dangerous threats TrumpCare poses to Americans across the country. The findings in these reports conclude that the latest Republican bill would make it harder for rural Americans to obtain health insurance; cut funding used for the treatment of substance use disorders (SUDs); and limit access to and increase costs for mental health services. The reports, “Rural Americans Lose Bigly Under TrumpCare,” “TrumpCare Undermines Fight Against Opioid Epidemic,” and “TrumpCare Reverses ACA Gains for Mental Health,” outline how millions of Americans would lose under TrumpCare.
Republicans are trying to revive a health care bill that would be a disaster for seniors, children, and millions of hard-working American families. What’s worse — the latest version of TrumpCare would take away protections from millions across the country with pre-existing conditions.