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Gun violence injuries, including self-inflicted gunshots, are among the five leading causes of death for individuals ages 1 to 64 in the United States. On average, 96 Americans are killed each day with guns. In fact, gun-related deaths outpace motor vehicle deaths in 21 states and the District of Columbia. Tragedy after tragedy, we are reminded of the devastating impact that gun violence has on American lives, and that the cost implications of gun violence go beyond the tragic loss of life. From health care costs to lost wages, gun violence has a negative impact on the U.S. economy.
Across the nation, access to high-speed internet continues to expand. But millions of homes still lack access, and these gaps vary widely regionally. In 22 states, at least 10 percent of residents have no high-speed options. In 6 states—Alaska, Arkansas, Mississippi, Montana, Oklahoma, and Wyoming—more than 1 in 5 residents lack access. Rural areas in particular lag behind, as 23 million rural residents still lack access to high-speed broadband. Access rates for all 50 states and the District of Columbia are available in the JEC’s latest state economic snapshots.
Although the U.S. economy overall continues its expansion following the Great Recession and associated financial crisis, the recovery can look very different from state to state. The lion’s share of economic gains are not only concentrated at the top of the income and wealth distribution, but also in a small share of regions. While some parts of the country have surged ahead, millions of Americans in urban and rural communities are still waiting for their wages to start rising again and struggling to make ends meet.
Republicans have promised again and again that the corporate tax cuts they just passed would lead to wage increases for workers. So far, that’s not happening. And history suggests it won’t.
Senate Democrats released an infrastructure proposal that would help repair and modernize the nation’s deteriorating infrastructure systems. Included in the plan is $140 billion to shore up the Highway Trust Fund (HTF). The Trump administration, on the other hand, has proposed an infrastructure plan that will generate little to no new infrastructure spending, and a budget that would cut $122 billion in HTF spending. This would result in vital highway and transit projects across the country going unfunded or being delayed, and the nation’s infrastructure falling further into disrepair.
Joint Economic Committee Democratic staff are comparing job growth each month to the average in the late 1990s (a boom time in the economy), but also to the best individual month each series has ever seen.
Just 10 years after the worst financial crisis in over a century, the Senate is considering a bill that would dramatically roll back important market protections on our nation’s largest banks. The Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155) would undo many of the safeguards put in place under Dodd-Frank, threatening to once again leave Main Street on the hook for poor decisions on Wall Street.
The Senate will soon take up consideration of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155), which leaves out key consumer reforms and would weaken important protections that ensure Americans are treated fairly in financial markets. Here are 10 ways consumers are left behind: