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  1. Copy of JEC Testimony_7.13.22

    met hundreds of those families most of whom suffer quietly beyond the spotlight There is no one solution to address the epidemic of gun violence which costs us billions of dollars and immeasurable pain...

  2. https://www.jec.senate.gov/public/index.cfm?a=files.serve&File_id=93B7591F-F23B-4DDC-9984-7464793FD3F3

    real GDP grew at over 6 and the Federal Reserve projects 5 9 real GDP growth this year Core CPI inflation was just 0 1 in August even as real wages grew at 0 4 Passage of Build Back Better and the bipartisan...

  3. https://www.jec.senate.gov/public/_cache/files/dd804339-da87-4e17-8c4b-764f5c14fe14/testimony-of-jocelyn-frye-jec-2-9-22final.pdf

    child care June 2016 estimate of 467 000 adjusted for inflation as of December 2021 using CPI Inflation Calculator https www bls gov data inflation calculator htm 30 MetLife Mature Market Institute 2011...Their Parents June 2011 estimate of 324 044 adjusted for inflation as of December 2021 using CPI Inflation Calculator https www bls gov data inflation calculator htm 31 Board of Governors of the Federal Reserve...

  4. https://www.jec.senate.gov/public/_cache/files/e1c30fa5-9892-4c47-b938-53cc08421a0b/ranking-member-lee-s-opening-statement-2-9-2022.pdf

    thousands of miles away First let s fix what s broken Government spending has stoked the highest inflation rate this country has seen in four decades and it s hurting all Americans including our seniors...

  5. https://www.jec.senate.gov/public/_cache/files/249c68a8-4326-434e-9d06-db6079ddda90/jec-report-on-economic-cost-of-flooding.pdf

    then adjusted these cost estimates to both isolate the cost in a single year and to adjust for inflation The total annual economic burden of flooding in the United States is between 179 8 and 496 0 billion...flooding costs motivate continued cost effective investments in resilience Recent legislation like the Inflation Reduction Act Bipartisan Infrastructure Law and Water Resources Development Act of 2022 have made...in situations where the estimates were expressed over a multi year time span and to adjust for inflation by convert all dollar values into December 2023 dollars using the Consumer Price Index for December...

  6. How Project 2025’s Health, Education, and Climate Policies Hurt Americans

    drugs and drug companies wouldn t have to reimburse patients when they hike prices faster than inflation o Seniors would lose out on the 2 000 out of pocket cap for prescription drugs o This would remove...production that are cutting pollution and lowering emissions see page 365 Project 2025 would repeal the Inflation Reduction Act which is helping to combat climate change and spurring billions of dollars in clean...

  7. https://www.jec.senate.gov/reports/99th%20Congress/The%201986%20Joint%20Economic%20Report%20(1360).pdf

    1 Real GNP Growth 22 2 Real Gross National Product 23 3 Industrial Production Index 25 4 Annual Inflation Rates 27 5 Real Interest Rates 28 6 Capacity Utilization Rate 29 7 The Real Money Supply 30 8 New...1970 s presented us with a set of new challenges which seemed beyond the reach of our old policies Inflation was the principal problem of the 1970 s Budget deficits resulting from failure to pay soon enough...grain harvest Faced with significant inflation the old policies of active demand management appeared helpless Traditional macroeconom ics offered no cure for inflation except deliberate recessions and higher...

  8. https://www.jec.senate.gov/reports/102nd%20Congress/The%201991%20Joint%20Economic%20Report%20(1535).pdf

    21 4 Debt Levels and Financial Fragility 24 IV RESPONDING TO THE RECESSION 27 Monetary Policy 27 Inflation and the Dollar 28 The Supply of Credit The Credit Crunch 29 The Demand for Credit 31 Fiscal Policy...REPORT Inflation and The Dollar The first concern relates to the ability of the monetary authorities to push interest rates down further The Federal Reserve has scope to ease as long as inflation and the...working to moderate inflation and the value of the dollar is holding up well in foreign exchange markets Yet financial markets remain volatile concerned about both a resurgence of inflation and a fall in the...

  9. https://www.jec.senate.gov/public/_cache/files/7ab5ad59-76f3-4c08-b739-549bfe8a0d2f/congresswoman-maloney-opening-statement-final.pdf

    Consumer debt excluding mortgages is now 4 trillion its highest level ever after adjusting for inflation Folks are also putting off home ownership which can deprive them of a key source of wealth accumulation...far worse For too many the American Dream is slipping away or out of reach Some would say that the solution is for the federal government to do nothing I disagree It has a key role to play in helping to restore...

  10. Microsoft Word - LRS Prepared Testimony.docx

    widely cited statistic on the cost of raising a child comes from the USDA Adjusting for recent inflation since their most recent estimate reflecting 2015 spending USDA s numbers suggests that a married...probably spends almost 260 000 to raise a child That s considerably higher than in 1995 when in inflation adjusted terms a married middle income household would have spent about 220 000 2 USDA s method...for things like cars train tickets and gasoline have only risen about 47 So aside from general inflation parents are actually buying 10 or 15 more transportation or perhaps better quality transportation...

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