A 25 percent cut to Social Security would eliminate 2.3 million jobs and reduce economic output by $349 billion, according to a report released today by the Joint Economic Committee Democrats. The report says the elderly poverty rate would be four times higher without Social Security, plunging 15 million more Americans into poverty. Speaker Paul Ryan proposed cutting entitlement spending last December, but ran into resistance from Senate Republicans and House GOP moderates. Read the report here.
“The Joint Economic Committee has found that while the volume of commerce crossing our borders has more than tripled in the past 25 years, CBP staffing has not kept pace with demand,” they wrote.
Joint Economic Committee Democrats released a report today that highlights the importance of Social Security to the economic security of millions of Americans, and urges Congress to reinforce its commitment to this vital program by modernizing and strengthening it. According to the report, any proposals to restrict Social Security benefits would place a heavy retirement burden on families who are already financially constrained.
U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee, delivered the following statement at today’s hearing entitled, “How the Innovation Economy Leads to Growth.” In his remarks, Senator Heinrich outlined why the federal government must fund and conduct research and development, and invest in STEM in order to lead the way in building a 21st century economy.
Apr 17 2018
KRWG - Joint Economic Committee Democrats Release “Economic State of Millennials in America”
Joint Economic Committee Democrats today released a fact sheet on the “Economic State of Millennials in America.” The fact sheet outlines the latest statistics on the economic well-being of millennials in America, including population and demographics, education, homeownership, and other key indicators.
Today, Joint Economic Committee Democrats launched the fifth episode of “Opportunity Agenda,” a podcast that furthers the conversation on how to build an economic future where all American families have a fair shot at getting ahead. Episode 5, “Examining the GOP Tax Scam on Tax Day,” includes a discussion of how the Republican tax law disproportionately benefits executives and wealthy shareholders instead of helping those most in need.
Joint Economic Committee Democrats today released a fact sheet on the “Economic State of Millennials in America.” The fact sheet outlines the latest statistics on the economic well-being of millennials in America, including population and demographics, education, homeownership, and other key indicators.
WASHINGTON, D.C. – U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee, delivered the following statement at today’s hearing entitled, “Unleashing America’s Economic Potential,” that focused on the effects of the Republican tax law and critical federal oversight. In his remarks, Senator Heinrich emphasized the damage the tax legislation and the Trump administration’s reversal of key consumer, worker, environmental protections will cause American families.
Apr 11 2018
Business Insider - One map shows how much more money men make than women in every US state
Today, on average, an American woman earns around 80 cents for every dollar a man earns, and women's median annual earnings are $10,500 less than men's, according to a recent report by the Senate Joint Economic Committee Democratic Staff.
Women in the U.S. still experience a major gender wage gap, 55 years after the Equal Pay Act was passed, Business Insider reports. On average, American women earn 80 cents for every dollar their male counterparts earn, according to a report by the Senate Joint Economic Committee Democratic Staff. Their annual earnings are roughly $10,500 less than men. Women also make less than men regardless the educational difference between the two, per the report. “A woman with a graduate degree earns $5,000 less than a man with a bachelor’s degree,” the report says.