Joint Economic Committee Democrats today released a report that outlines the threat of climate change to the economy following the recent National Climate Assessment report. The report states that the increase in frequency and severity of extreme weather events continue to place the American economy at risk by threatening household wealth and property and upending insurance markets. The Federal Reserve Bank of Richmond projects that climate change could reduce annual economic growth in the United States by one-third over the next century. The report calls for immediate action to mitigate the economic damages of climate change.
In a series called "Innovation Spotlight," Joint Economic Committee Democrats are highlighting cutting-edge policy solutions that empower small towns and rural communities across the nation. The latest edition looks at a community revitalization project in Albert Lea, Minnesota.
The stock market turned in its worst month in years, business investment dipped below a 1 percent annual growth rate last quarter, and the 1,000 largest public companies have reduced employment. Nearly one year after the Republican tax law, the sugar high appears to be wearing off.
Nov 26 2018
GOP Tax Law Leaves Middle Class Families Behind
Nearly a year after the passage of the Republican tax law, millions of Americans are still waiting for the wage gains that Republicans promised—another disappointment after more than three decades of slow middle class income growth. Nonpartisan analysis shows that temporary bumps to middle class paychecks will fade over time, eventually making these Americans worse off by 2027. The tax law has proven to be a missed opportunity, yielding little to no benefit to the middle class. Instead, it has padded the profits of corporations who are using the extra cash to buy back their own stock, with buybacks expected to surpass $1 trillion this year.
Nov 26 2018
GOP Tax Law Leaves Middle Class Families Behind
Nov 19 2018
Number of Electric Cars Quadruple Since 2013
In a series called "Innovation Spotlight," Joint Economic Committee Democrats are highlighting cutting-edge policy solutions that empower small towns and rural communities across the nation. The latest edition looks at a brewery restoration project in Potosi, Wisconsin.
Nov 14 2018
Tax Credits Expand Adoption of Electric Vehicles
Last month, the United Nations released a report highlighting the devastating impacts of global warming. Without a drastic reduction in carbon emissions in the next 12 years, scientists predict the globe will miss its target of limiting global warming to 1.5°C and greatly increase our risk of drought, floods, extreme heat, and poverty for millions of people. We need a variety of solutions to this pressing problem, including incentivizing more Americans to adopt electric vehicles.