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Joint Economic Committee Democrats

Publications

Aug 08 2024

The Economic Benefits of Child Nutrition

Making sure that children have enough nutritious food to eat both improves their overall well-being and represents a vital investment in the broader economy. Good nutrition is a core part of child development, meaning that it both improves kids’ health and well-being during childhood while also supporting future academic and employment outcomes. Despite the immense importance of childhood nutrition, food insecurity is still far too high in the United States today. In light of this crisis, Democrats in Congress and the Biden-Harris administration are working to expand or make permanent important programs to support childhood and student nutrition.

Aug 07 2024

Republicans Want to Extend Tax Cuts That Benefit the Wealthy and Make Everyone Else Pay For It

All recent Republican budget plans create significant tax breaks for the ultrawealthy with offsets that harm everyone else. Extending the 2017 Republican tax cuts is expected to cost trillions of dollars over the next decade, adding $4.6 trillion to the deficit. In particular, provisions that overwhelmingly benefit the wealthy like the deduction for “pass-through businesses” and the higher estate and gift tax exemptions would respectively add $684 billion and $167 billion to the deficit over 10 years.

Aug 01 2024

How Project 2025’s Economic Policies Hurt Families

Project 2025 is a radical plan that details how a Republican administration would undercut the U.S. economy by hiking taxes on middle-class families, dismantling worker protections, and reversing federal investments that are keeping the U.S. economy strong. This Republican plan would concentrate power, make life harder for working people, and give handouts to wealthy corporations.

Jul 31 2024

How Democrats Are Lowering Costs for Families In Every State

Congressional Democrats and the Biden-Harris administration have worked to lower the costs households pay for health care, energy, utilities, and transportation by passing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA). These bills are already helping to put money back into the pockets of American families by lowering the cost of prescription drugs, health insurance premiums, broadband, and more.

Jul 30 2024

Las inundaciones le cuestan a EE. UU. entre $179.8 y $496.0 mil millones cada año

Ya sea por el desbordamiento de un río, la crecida de las aguas costeras o inundaciones repentinas; las inundaciones causan daños importantes a los hogares, la infraestructura y los negocios estadounidenses en todo país. El año pasado, inundaciones devastadoras afectaron a Vermont, California y Kentucky ya que el cambio climático aumenta el riesgo de estos desastres tanto en las comunidades costeras como en las del interior. Esta secuencia de años de inundaciones letales, junto con las mayores amenazas de inundaciones en el futuro, pone de relieve los altos costos de las inundaciones y de la inacción frente el cambio climático.

Jul 26 2024

Fusion Energy Could Supercharge the Economy

Energy powers the economy. Harnessing fusion—the same process the sun uses to create energy—could transform the U.S. economy by providing a reliable, low-risk, low-waste power source that is flexible enough to meet essentially all our electricity needs.

Jul 23 2024

Predatory Private Equity Practices Threaten Americans’ Health and the Economy

Predatory investment practices threaten U.S. health care and block Americans from economic success. While finance plays an important role in our economy, harmful practices by unregulated private equity (PE) firms can shut workers out of good-paying jobs and threaten Americans’ health. New Mexico was recently ranked the state most threatened by the negative impacts of private equity, largely due to the outsized role PE firms have in the state’s health care system. The top 10 states most at risk of negative impacts from PE are in the southern and western United States. Every state, however, is at risk of these harms.

Jul 19 2024

State by State Data: June Employment Data

Each month, the Bureau of Labor Statistics (BLS) releases national and state-level data on U.S. employment, which provide useful information about the state of the labor market and progress toward building a better America. The below map and chart created by the Joint Economic Committee highlight key trends in the most recent monthly data for all 50 states, the District of Columbia, and Puerto Rico. The most recent state-level data, which cover the month of June 2024, were released on July 19th, 2024. The latest national data were released on July 5th, 2024.