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JOINT ECONOMIC COMMITTEE REPUBLICANS RANKING MEMBER - SENATOR MIKE LEE

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New Research Confirms Importance of Social Capital and Two-Parent Families for Upward Mobility

New research from Opportunity Insights shows the importance of social capital for economic mobility. Specifically, “economic connectedness” is strongly associated with upward income mobility for people with lower income.

State Inflation Tracker: July 2022

Americans are facing the highest inflation rates in decades, making it harder for them to afford everyday goods and more expensive to raise their families. Each month coinciding with the Bureau of Labor Statistics’ release of the Consumer Price Index, JEC Republicans’ State Inflation Tracker estimat...

The HOUSES Act: Addressing the National Housing Shortage by Building on Federal Land

The cost of housing is the single biggest expense in the budget of most Americans. Expensive housing can make it harder to start a family, build wealth, and move to places with more economic opportunities. Policies that address the high cost of housing thus have the potential to vastly improve the w...

Supply and Demand Set Gas Prices, Not Corporate Greed

Gas prices have increased over the past 18 months, hitting new records and contributing to the rapidly rising inflation that is making everything Americans buy more expensive. President Biden and others in Congress attribute the price hike largely to the Russian invasion of Ukraine and price gouging...

The Role of Social Capital in Preventing Mass Public Shootings

The United States is unique in our Second Amendment right to keep and bear arms. This right and the resulting hundreds of millions of guns already in circulation in the U.S. necessitate a more nuanced dialog that appreciates the role of social capital in mass public shootings—particularly the effect...

State Inflation Tracker: June 2022

Americans are facing the highest inflation rates in decades, making it harder for them to afford everyday goods and more expensive to raise their families. Each month coinciding with the Bureau of Labor Statistics’ release of the Consumer Price Index, JEC Republicans’ State Inflation Tracker estimat...

Minority Response to the 2022 Economic Report of the President

The Joint Economic Committee is responsible for responding to the Economic Report of the President (hereafter “Report”) as part of advising Congress on policies that promote the objectives of the Employment Act of 1946—to pursue maximum purchasing power, employment, and production. This year’s minor...

The Economic Cost of Abortion

In recent weeks, U.S. Treasury Secretary Janet Yellen and other economists have argued that restricting abortion would negatively affect the economy, particularly by diminishing the labor market outcomes of women. These arguments overlook the far greater economic cost of abortion due to the loss of ...

Reforming Supplemental Security Income to Better Serve Children with Disabilities

The Supplemental Security Income (SSI) program is the largest cash assistance program for low-income Americans. The program was created to serve the low-income elderly and disabled Americans who cannot support themselves.

State Inflation Tracker: May 2022

Americans are facing the highest inflation rates in decades, making it harder for them to afford everyday goods and more expensive to raise their families.