“As a son of an immigrant, I know how hard immigrants work, how much they believe in this country, and how much they’re willing to give back. They are the backbone of our economy and the driving force behind our nation’s growth and prosperity,” said Chairman Martin Heinrich (D-NM).
Dec 11 2024
JEC Chairman Heinrich: "Mexico, Canada, and China will not pay for tariffs. Americans will.”
Senator Martin Heinrich released the following statement after the Bureau of Labor Statistics (BLS) reported that prices measured by the Consumer Price Index (CPI) increased 0.3% in November. Data also show that annual prices grew 2.7.% over the last year.
“President-Elect Trump and Republicans love to rewrite history. Here are the facts: Trump was the first President since World War II to leave office with fewer jobs than when his administration started. And his disastrous policies will hurt our economy once again.”
“But with President-Elect Trump in office, the reality for Americans’ finances will become bleak. Trump and Republicans have led Americans to believe that their policies will lower costs, but make no mistake: imposing new tariffs, mass deportations, and politicizing the Federal Reserve will lead to skyrocketing prices. "
“Our nation is still recovering from the devastating impact of Hurricanes Helene and Milton. Small business owners have lost their livelihoods, and many residents are out of work due to the storm. Today's jobs report is a function of climate-caused extreme weather events, not our economic strength."
“The economy is better today than it was four years ago, before the Biden-Harris administration took office, and the proof is in the data. Wages are outpacing inflation. Inflation is coming down. And we’ve seen nearly four years of robust job gains and economic growth that has exceeded expectations."
Oct 23 2024
JEC Dems State Wage Growth Tracker Highlights Families’ Wages Growing Faster Than Prices
Today, the Joint Economic Committee (JEC) Democrats unveiled a wage growth tracker that shows how wages have fared against inflation in each state since January 2021. JEC Dems found that in nearly every state, average wages and salaries for families are growing faster than price growth.
Oct 10 2024
JEC Chairman Heinrich: Inflation Data is “Further Proof That the Fed Should Continue Cutting Interest Rates”
“We are starting to turn the corner on inflation. We’re seeing the cost of energy fall, and in nearly every state, wages are outpacing inflation. Today’s release is further proof that the Fed should continue cutting interest rates given our economic progress."
Oct 08 2024
U.S. Economy Performs Better Under Democrats
“For decades, Democrats have implemented policies that create jobs, expand the middle class, and strengthen the economy. What have Republicans done during that time? They give handouts to their friends on Wall Street."
“The Biden-Harris administration has delivered 44 months of consistent job growth and created over 16 million new jobs. It’s clear: Democrats create jobs. Republicans create tax loopholes for their CEO friends."
