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Joint Economic Committee Democrats

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Dec 18 2018

JEC Dems Report: The National Cannabis Economy

“It’s time we legalize marijuana, but at the minimum, we must reduce the conflicts between federal and state laws so that the industry can continue to create jobs and bolster state economies,” said U.S. Senator Martin Heinrich, (D-N.M.), Ranking Member of the Joint Economic Committee. “This conflict hurts small businesses and constrains the economic benefits of legal cannabis—an industry that is estimated to reach $11 billion in sales this year and $23 billion by 2022. But in order to realize the benefits, we must act on legislation such as the STATES Act to help these businesses thrive.”

Dec 11 2018

JEC Dems Report: Unlocking Millennial Homeownership

“Homeownership has always been a benchmark for financial stability. When young adults are unable to purchase homes, it makes it harder for them to accumulate wealth and build financial security,” said Senator Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee. “We must address persistent problems like slow wage growth, lack of affordable housing, and high student loan debt. Without comprehensive solutions to these issues, millennials will continue to struggle in the housing market and will be blocked from putting down the kind of roots that strengthen communities and economies.”

Dec 07 2018

Heinrich Statement on November Jobs Report

“We must do everything we can in the next Congress to advocate for working families and ensure that we have an economy that works for everyone. We have to protect and improve the Affordable Care Act, Medicaid, Medicare, and Social Security. We must invest in education and clean energy. And we must pass policies that tackle income inequality and make sure working families, not just the wealthiest among us, are set up for economic success.”

Nov 29 2018

E&E News - Dem report warns of 'dire consequences' from warming

Climate change already has hurt the U.S. economy and is expected to do even more damage in the years ahead unless American policymakers join the world in trying to mitigate its worst effects, according to a new congressional report. The findings by the Democrats on the Joint Economic Committee are neither new nor surprising, but they do add another voice to the chorus that has spelled out in ever-increasing detail the dangers of a warmer planet. "These changes will cost lives, force waves of human migration across the globe, upend insurance markets, and have dire consequences for the American economy," noted the authors of the 10-page report. "The Federal Reserve Bank of Richmond projects that climate change could reduce annual economic growth in the United States by one third over the next century."

Nov 29 2018

JEC Dems Report: Failing to Address Climate Change Threatens the Economy

“Climate change is one of the greatest threats the global community will face in the 21st century, and we are already feeling its disastrous effects,” said Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee. “New Mexico and the Southwest face numerous economic challenges from climate change—including threats to crops, decreased water supplies and increased risk for wildfires. If we don’t act now on climate change, the financial threat to working families across this country will only grow. We must work to strengthen the thriving clean energy sector to mitigate the effects of climate change and create millions of jobs and economic opportunity.”

Nov 28 2018

Salon - House Republicans want to ram through another tax bill for the rich

The previous Republican tax bill has been criticized for a number of things, including primarily helping the rich and costing $2.3 trillion. Last month Salon spoke with Sen. Martin Heinrich, D-N.M., ranking member of the Joint Economic Committee, about how the bill makes it easier for companies to send jobs overseas, even though President Donald Trump campaigned in 2016 on not offshoring American jobs.

Nov 02 2018

Heinrich Statement on October Jobs Report

“It’s time we quit this partisan experimentation and tackle the real issues Americans care about, like addressing inadequate wage growth and the high costs of education and health care. We should be building on programs like Medicare, Medicaid, the Affordable Care Act, and Social Security, programs that nearly 40 percent of Americans depend on, not slashing them as my Republican colleagues have proposed.”

Oct 24 2018

Mother Jones - Trump Policies Could Take Health Care Protections Away From 15 Million Americans, Democrats’ Report Finds

Wednesday’s report comes on the heels of a separate report by Democrats on the congressional Joint Economic Committee last week warning that the Republicans’ proposed cuts in the fiscal year 2019 budget, in the amounts of $1.5 trillion to Medicaid and Obamacare tax credits and $537 billion to Medicare over the next decade, could result in additional financial burdens for beneficiaries. While the budget is still awaiting a final vote, Democrats warn that the cuts would cost beneficiaries an extra $3,000 a year per household.

Oct 23 2018

NBC News - Democrats find new ways to talk about entitlement cuts in campaign's closing days

Democrats on the congressional Joint Economic Committee issued the study, based on calculations by the non-profit Institute on Taxation and Economic Policy, late last week. It shows that the estimated $2 trillion cost of the Bush and Trump-era tax cuts through 2025 is the same amount which Republicans have proposed cutting from Medicare, Medicaid, Social Security and Obamacare.