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Joint Economic Committee Democrats Chairman - Senator Martin Heinrich (D-NM)

Issue Briefs

Jun 20 2024

Incomes Are Rising Faster Than Prices Throughout the Country

Wages and salaries have risen significantly throughout the United States since January 2021. Updated calculations by the JEC Democrats find that average U.S. wages and salaries grew by nearly $16,700 between January 2021 and April 2024, outpacing price growth during that period by nearly $3,800.

Jun 18 2024

JEC Democrats’ Response to the 2024 Economic Report of the President

The Joint Economic Committee Democrats’ response to the annual Economic Report of the President highlights policies that move us towards these goals. This report builds on the work done by the Committee over the last year to analyze the economy and highlight effective economic policies. Summaries of each of the report’s chapter are provided below.

Jun 10 2024

Flooding Costs the U.S. Between $179.8 and $496.0 Billion Each Year

The Joint Economic Committee’s Democratic staff estimates that the total cost of flooding in the United States is between $179.8 and $496.0 billion each year in 2023 dollars. The graph below shows the lower-bound estimate of what flooding costs the country in total each year. It is important to note that, while climate change is increasing the cost of flooding, there is significant uncertainty around what the true total cost of flooding is in any given year. Regardless of the exact number, it is clear that floods represent a massive cost to the U.S. economy.

May 23 2024

ICYMI: La Administración Biden Acaba de Dar Pasos Enormes Para Proteger A Los Trabajadores y el Clima

Hace unas semanas, la administración Biden tomó acciones para proteger a los trabajadores, aumentar los salarios, reducir la contaminación y proporcionar más electricidad limpia. Estas medidas se basan en los proyectos de ley históricos para invertir en energía limpia, impulsar la manufactura, reducir los costos para las familias, y apoyar a los sindicatos, que, debido a las iniciativas de los demócratas en los últimos años, el congreso aprobó.

Muchas de estas regulaciones desafían a los intereses de los grandes corporativos, por lo que no sorprende que grupos empresariales importantes y sus aliados republicanos ya estén intentando de utilizar los tribunales para bloquear estas acciones. En contraste, la administración Biden y los demócratas en el congreso seguirán defendiendo a los trabajadores y nuestro medio ambiente ante esta oposición.