Yet the effects of high-quality, affordable child care are vastly beneficial, and a report released exclusively to Glamour on Thursday by the Democratic staff of the Congress Joint Economic Committee (JEC), titled "The State of Child Care in America," proves it. Aside from increasing both employment and education opportunities for mothers, access to top-caliber child care correlates with an increase in earnings for a woman throughout her career. This is particularly true for low-income mothers who stand to earn an additional $90,000 over the course of their careers if they have access to child care.
If you’ve long felt that you’re paying a lot for child care in Colorado, congrats! The U.S. Congress Joint Economic Committee has validated that feeling with a new report. Colorado is third among the top 10 states with the highest average annual costs of infant care at an average of $14,950, topped only by the District of Columbia at $22,658 and Massachusetts at $17,082.
A report from the Democratic staff of the Congress Joint Economic Committee that was released solely to Glamour on Thursday, entitled "The State of Child Care in America," proves that much to be true. The report showed that, as mentioned, single working mothers spend upwards of 25 percent of their income on child care, with costs sometimes totaling 50 percent of a woman's entire paycheck. And while the White House likes to claim that Trump's tax plan will provide some much-needed relief for families, in the form of a child care tax credit, it simply isn't enough.
A new report released on Thursday by the Democratic members of the U.S. Congress Joint Economic Committee (JEC) on the state of childcare in America finds that access to high-quality early learning childcare is more critical than ever for American families — and even more difficult to find.
But Sen. Martin Heinrich (D-N.M.), ranking member of the Joint Economic Committee, said Friday’s figures “continue to indicate the success of a growing economy inherited by President Trump.” “Instead of building off of this growth handed to him by his predecessor, we have yet to see any clear plan on creating jobs and raising wages from the president or congressional Republicans," Heinrich said.
Democrats on the Joint Economic Committee — led by ranking member Sen. Martin Heinrich (N.M.) — will release two reports Thursday knocking Trump over his "broken promises" to rural communities and working-class families. The Democrats argue Trump has hurt families by undermining innovation, rolling back worker protections and making it harder to save for retirement. "By tilting the playing field further towards corporate interests, President Trump is stacking the deck against America's working families," says the report, a copy of which was obtained in advance by The Hill.
Senate Democrats, including Sen. Martin Heinrich of New Mexico, questioned Trump’s priorities in the proposed tax cuts. Heinrich called the proposal “a wish list for big corporations and his wealthy friends.” “Democrats and Republicans all agree our tax code should be reformed, but this certainly doesn’t pass the test,” said Heinrich, the ranking Democrat on the House-Senate Joint Economic Committee. “This proves that President Trump has no intention of reaching across the aisle to build consensus on reforms both parties can support.”
Apr 25 2017
Financial Regulation News - US economy would benefit from improved security, traffic flow at borders, ports
Also looking to help benefit the U.S. economy is U.S. Sen. Martin Heinrich (D-NM), who released a report suggesting reduced wait times at ports of entry (POEs) in the United States. As ranking member of the Senate Joint Economic Committee, Heinrich released Economic Impact of Understaffing U.S. Ports of Entry, the April minority staff report suggesting that additional staff could help decrease the “long and unpredictable border wait times” that happen as trade and travelers move through U.S. POEs.
"Today’s jobs numbers show there are still challenges ahead that this administration must address," the Joint Economic Committee's top Democrat Senator Martin Heinrich told The New York Times. "President Trump promised that he would be 'the greatest jobs producer that God ever created.' Democrats on the Joint Economic Committee will hold him to this promise."
The top Democrat on the committee, Senator Martin Heinrich of New Mexico, ignored the new jobless rate and focused instead on the disappointing payroll gain. “Today’s jobs numbers show there are still challenges ahead that this administration must address,” Mr. Heinrich said. “President Trump promised that he would be ‘the greatest jobs producer that God ever created.’ Democrats on the Joint Economic Committee will hold him to this promise.”
