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Today's GDP numbers show the resiliency of the economy this administration inherited. Instead of building on this foundation, President Trump has created a climate of uncertainty, neglected Americans in the wake of disaster, and failed to advance any agenda that will create the good jobs American workers need.
Democrats weren't prepared to yield any credit to the new administration. "Today's GDP numbers show the resiliency of the economy this administration inherited," Sen. Martin Heinrich (D., N.M) said in a statement. "Instead of building on this foundation, President Trump has created a climate of uncertainty."
There is a great deal of work in front of us and I hope that today’s hearing can provide some perspective on the economic challenges and opportunities before policymakers. I am deeply concerned that the Trump administration has done little to support working families or build a stronger economy. Instead, the administration has turned its attention to a tax plan that will deliver significant tax cuts to the wealthy and force working families to foot the bill.
Though plenty has changed in the decades since Warren began teaching law, affordable, high-quality child care remains one of the most significant challenges for working parents. According to a recent report from the Democratic staff of the Congress Joint Economic Committee, American families spend an average of 15 percent of their income on child care—and in states like California, New York, Arizona, Colorado, and Oregon, it's not uncommon for that total to hit the 20 percent mark.
I am deeply disappointed that Republicans voted for a budget that slashes Medicaid and Medicare, and cuts critical services that invest directly in our communities. This budget ignores our current reality and makes it tougher for American families to afford a college education or access quality health care coverage.
“I rise to oppose this deeply flawed budget that is bad for America and especially harmful to working families,” said Ranking Member Heinrich. “The Republican plan we face today is a budget-busting first step toward issuing massive tax breaks to special interests and wealthy individuals. This proposed budget fails to improve economic growth or to drive up wages.”
As we continue to celebrate Hispanic Heritage Month, Joint Economic Committee Democrats and the Congressional Hispanic Caucus today released a fact sheet on the “Economic State of the Latino Community in America.” The fact sheet outlines the latest statistics on the economic well-being of the nation’s Latino community, including population, employment, and earnings statistics, and other key indicators.