Last week, U.S. Senator Martin Heinrich, a Democrat from New Mexico and ranking member of the Joint Economic Committee, conducted a teleconference to discuss the challenges facing rural America and what policies can help promote economic growth and new opportunities in these communities.
May 18 2017
Heinrich: TrumpCare Puts More Than 6 Million People With Pre-Existing Conditions At Risk
Under TrumpCare you could see your health insurance premiums go up if you have diabetes, depression, heart disease, or even if you are pregnant. This disastrous health care bill would take away critical protections for people with pre-existing conditions and offer as a replacement underfunded high-risk pools – where they will likely receive limited coverage and face higher costs.
Joint Economic Committee Democrats released a new report today on the clean energy economy and its increasingly important role in the American economy. The clean energy economy encompasses energy generation through renewable sources and activities related to improving energy efficiency, building alternative fuel vehicles and constructing and operating the smart grid.
May 17 2017
Heinrich Statement on Republican Hearing Witness
I am deeply disappointed that my Republican colleagues chose to invite a witness to testify who has questioned the intelligence of minorities and women. This is beyond offensive and out of touch. While the topic of social capital is important, giving someone like Mr. Murray a platform is irresponsible. We should instead have a productive discussion focused on making sure that all Americans have a fair shot at getting ahead.
That's what a new report from the U.S. Congress Joint Economic Committee ventured to find out. The report shows a typical U.S. family will spend more than 15 percent of its total income on infant child care alone. In Alabama, the average family with an infant spends $5,644 a year for childcare. With a median income of $53,146, that means roughly 11 percent of the family's income goes towards childcare. The yearly cost drops slightly - to $4,877 - once a child reaches four-years-old.
May 17 2017
Bloomberg - Trump’s $1 Trillion Plan Helps Wall Street More Than Rural America, Democrats Warn
Now, a group of congressional Democrats say they have a better solution for what ails the vast stretches of the country outside the cities and suburbs. Among other things, they oppose President Trump's plan to use public-private partnerships to carry out $1 trillion in infrastructure investment over a decade. "Wall Street investors and private equity firms are going to put money, time and resources where they can make a big profit," and that's not the countryside, Senator Martin Heinrich, the top Democrat on Congress's Joint Economic Committee, wrote in remarks prepared for the release of a report called Understanding Economic Challenges in Rural America.
U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Joint Economic Committee, delivered the following statement at today’s hearing on social capital. Read his remarks as prepared for delivery.
Joint Economic Committee Democrats released a new report today on the economic challenges in rural America. In recent years, rural and urban communities experienced developments in the U.S. economy in vastly different ways. Congress’s work on economic development, infrastructure, and education must tailor approaches to meet the unique challenges facing rural communities.
May 16 2017
Politico Pro - Heinrich: Rural America's infrastructure fix can't be just public-private partnerships
The Trump administration since the election has shifted the conversation on investing in U.S. infrastructure toward public-private partnerships and tax credits for corporations, but that isn't always a realistic way to meet rural America's needs, Sen. Martin Heinrich (D-N.M.) said today.
The typical American family spends 15 percent of its income on child care — and President Donald Trump will do little to change this “affordability crisis,” according to a new report by the U.S. Congress Joint Economic Committee. “Unfortunately, too many families currently cannot afford high-quality child care, and the Trump administration’s policies will not help these families,” the authors write.