“After more than 130 days in office, President Trump has yet to show us he is serious about creating jobs and raising wages across the country,” said Sen. Martin Heinrich (D-N.M.), ranking member of the Joint Economic Committee. “Rather, he has pushed for policies that will only hinder economic growth: a disaster of a healthcare plan that will kick millions off their health insurance, a budget that threatens working families, and reckless practices by his administration that only endanger the economic security of every American while he benefits," Heinrich said. Still, job gains averaged 121,000 over the past three months, well above the 80,000 needed to lower the jobless rate.
Jun 01 2017
Salon - Here’s how much economic damage President Trump’s alleged corruption could be doing
Democrats in the Joint Economic Committee say that Trump is “likely doing economic harm” by “flaunting the laws and conventions of good governance that made the United States a cornerstone of the global economy” in a staff report. The report, called “The Costs of Corruption to the American Economy,” includes as specific examples the president implementing policies that specifically help his business interests (such as rolling back Clean Water Act protections), regularly visitinghis commercial real estate properties and clubs in ways that give them publicity and thus increase their revenue and being awarded Chinese trademarks at the same time that he began to honor the “One China” policy.
“Usually in health care, you’re providing health care; you’re improving it,” Sen. Bob Casey, D-Pa, said at a recent news conference on Capitol Hill alongside other Democrats from the Joint Economic Committee. “This is a scheme to give very wealthy people even more. It’s repeal and decimate.”
A new report, “Understanding the Economic Challenges in Rural America,” finds that declining population, limited employment opportunities, an education gap, and lack of public investment pose serious challenges to the economic vitality of rural communities. These communities also face a series of structural challenges, such as geographic remoteness and insufficient infrastructure.
Brown, a Democrat, mounted an attack on two fronts he said would hurt veterans and millions of others: The House Republican healthcare plan and President Trump’s budget. Estimates of Impact on Ohio in 2018 per the Joint Economic Committee Democratic staff: Increase in Premiums, $550; No. Losing Private Coverage, 292,982; Increased Cost of Uncompensated Care to Hospitals, $263,684,124
Last week, U.S. Senator Martin Heinrich, a Democrat from New Mexico and ranking member of the Joint Economic Committee, conducted a teleconference to discuss the challenges facing rural America and what policies can help promote economic growth and new opportunities in these communities.
That's what a new report from the U.S. Congress Joint Economic Committee ventured to find out. The report shows a typical U.S. family will spend more than 15 percent of its total income on infant child care alone. In Alabama, the average family with an infant spends $5,644 a year for childcare. With a median income of $53,146, that means roughly 11 percent of the family's income goes towards childcare. The yearly cost drops slightly - to $4,877 - once a child reaches four-years-old.
May 17 2017
Bloomberg - Trump’s $1 Trillion Plan Helps Wall Street More Than Rural America, Democrats Warn
Now, a group of congressional Democrats say they have a better solution for what ails the vast stretches of the country outside the cities and suburbs. Among other things, they oppose President Trump's plan to use public-private partnerships to carry out $1 trillion in infrastructure investment over a decade. "Wall Street investors and private equity firms are going to put money, time and resources where they can make a big profit," and that's not the countryside, Senator Martin Heinrich, the top Democrat on Congress's Joint Economic Committee, wrote in remarks prepared for the release of a report called Understanding Economic Challenges in Rural America.
May 16 2017
Politico Pro - Heinrich: Rural America's infrastructure fix can't be just public-private partnerships
The Trump administration since the election has shifted the conversation on investing in U.S. infrastructure toward public-private partnerships and tax credits for corporations, but that isn't always a realistic way to meet rural America's needs, Sen. Martin Heinrich (D-N.M.) said today.
The typical American family spends 15 percent of its income on child care — and President Donald Trump will do little to change this “affordability crisis,” according to a new report by the U.S. Congress Joint Economic Committee. “Unfortunately, too many families currently cannot afford high-quality child care, and the Trump administration’s policies will not help these families,” the authors write.
