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Joint Economic Committee Democrats

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Jun 01 2018

Heinrich Statement on May Jobs Report

After decades of stagnant wage growth, now is the time we should be empowering workers to negotiate for higher raises and ensuring a financially secure future. Instead, the Trump administration is continuing its attack on worker rights, with their recent executive order that undermines federal collective bargaining.

May 22 2018

Heinrich Opening Statement at JEC Hearing on Innovation and Regulation

U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee, delivered the following statement at today’s hearing entitled, “Breaking Through the Regulatory Barrier: What Red Tape Means for the Innovation Economy.” In his remarks, Senator Heinrich emphasized that access to capital is the chief barrier stifling innovation, and that Republican efforts to roll back regulations and consumer protections hurt innovation and small businesses.

May 17 2018

Heinrich Opening Statement at JEC Hearing on Opportunity Zones

U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee, delivered the following statement at today’s hearing entitled, “The Promise of Opportunity Zones.” In his remarks, Senator Heinrich emphasized the promise of the program to bring unprecedented levels of private investment into communities who have not received it. Senator Heinrich also laid out the potential pitfalls of the program if appropriate guardrails are not established.

May 11 2018

JEC Dems Report on Medicaid: Supporting the Economy and Middle Class Since 1965

Joint Economic Committee Democrats released a report today that highlights the importance of Medicaid to the American economy, health, and financial security of families enrolled in the program. Republican proposals to restrict Medicaid would kick millions of enrollees off the program through arbitrary caps, and greenlight burdensome and harmful eligibility restrictions like work requirements and lock-out periods.

May 11 2018

Politico Pulse - Dems out with new report on Medicaid's benefits.

Dems out with new report on Medicaid's benefits. The Joint Economic Committee Democrats' report touts the role of Medicaid in providing health coverage and economic security to individuals, the latest attempt to attack Republican-backed changes to the program.

May 08 2018

LA Times - Trump's renewed economic sanctions on Iran heightens risks for global oil prices and U.S. consumer spending

Hours before Trump's announcement, Democratic lawmakers warned that gas prices, which have risen almost 50 cents a gallon in the last 12 months, were poised to climb higher with Trump's withdrawal."With Memorial Day and the beginning of the summer driving season just a few weeks away, higher prices could limit travel and dampen tourism," said the Democratic staff of the Joint Economic Committee, in a blog post.

May 04 2018

Heinrich Statement on April Jobs Report

Statement released following Department of Labor annoucement

Senator Martin Heinrich
Many American families are still not seeing wage increases and are struggling to make ends meet. After voting to blow up the debt by nearly $1.9 trillion to pass tax cuts for the wealthy, now some of my Republican colleagues are publicly admitting that American workers will largely see no benefit from their tax law. There have been more than $390 billion in share buybacks announced since the passage of the tax bill, while workers have experienced little wage growth.

May 02 2018

Loudoun Times-Mirror - Loudoun County to study paid family leave policy

It’s a scenario that new parents, particularly mothers, face across the country. Many times, parents must leave their newborns – a crucial bonding time between infant and mother and father – before they’re ready because they’ve exhausted all of their sick and vacation time. Several national studies, including a recent one by U.S. Congressional Joint Economic Committee, found that access to paid family leave significantly increases the likelihood that workers will return to work rather than being forced to quit.

Apr 27 2018

Financial Planning - Social Security 'is under attack,' say these congressional Democrats

A report from lawmakers on the Joint Economic Committee states that Social Security is being threatened, and the federal government should consider modernizing and enhancing the program, according to this article on CNBC. "Cuts to Social Security are not a credible solution to pay for the $1.9 trillion that Congressional Republicans have recently added to the deficit in passing their tax legislation," said Sen. Martin Heinrich, D-N.M., in a statement. "We must ensure that our seniors are able to retire with dignity."

Apr 27 2018

ThinkAdvisor - 10 States With the Most Social Security Recipients

More than 51 million American retirees or their survivors collected Social Security benefits last year, according to the Social Security Administration. Those payments function as the foundation for their economic security during retirement, providing 90% or more of the income of almost one-third of those beneficiaries and the majority of the cash income for about 60% of them, according to a new report from the Democratic staff of the Joint Economic Committee (JEC).