It took almost 100 days for President Trump to release a one-page tax proposal that reads like a wish list for big corporations and his wealthy friends. This outline lacks detail on how any of these many tax giveaways will be paid for. While President Trump continues to hide his tax returns, we can assume he is proposing to give himself tens of millions of dollars in tax breaks, rather than help struggling families to get ahead.
Apr 25 2017
Financial Regulation News - US economy would benefit from improved security, traffic flow at borders, ports
Also looking to help benefit the U.S. economy is U.S. Sen. Martin Heinrich (D-NM), who released a report suggesting reduced wait times at ports of entry (POEs) in the United States. As ranking member of the Senate Joint Economic Committee, Heinrich released Economic Impact of Understaffing U.S. Ports of Entry, the April minority staff report suggesting that additional staff could help decrease the “long and unpredictable border wait times” that happen as trade and travelers move through U.S. POEs.
Apr 25 2017
Joint Economic Committee Democrats Release Report on Unnecessary Costs of a Government Shutdown
Joint Economic Committee Democrats today released a report on the economic costs of a federal government shutdown. As witnessed in October 2013, a shutdown would slow economic growth, increase uncertainty for business and people who rely on public services or are awaiting a tax refund, and potentially trigger job losses across the economy.
Joint Economic Committee Democrats today released the “March Economic Snapshot of the States,” which tracks state economic performance, families’ economic security, how well states are preparing for economic future with investments in people’s health and learning, and the costs of living that weigh on working families’ minds.
Apr 20 2017
Joint Economic Committee Democrats Release Report on Economic Impact of Understaffing U.S. Ports of Entry
New Mexico ports of entry are processing the second fastest-growing goods volume in the country. Instead of throwing taxpayers’ money at President Trump’s border wall, we should make smart investments with the goal of improving our economy and facilitating new lawful trade through our ports of entry. I will keep fighting for common-sense policies that keep our nation safe and secure, and ensure our border communities in New Mexico prosper from their unique bi-national culture and economy.
Building a wall and making hardworking American families foot the bill through tariffs or trade wars is simply not a viable policy and doesn’t reflect the security needs of our border communities or our economy. Instead of throwing taxpayers’ money at President Trump’s border wall, we should make smart investments to improve infrastructure on the border with the goal of enhancing security, improving transportation safety for local families commuting around the region and facilitating new lawful trade through New Mexico’s ports of entry.
Joint Economic Committee Democrats today released a fact sheet highlighting top accomplishments of the Consumer Financial Protection Bureau (CFPB) since the Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted in 2010.
The top Democrat on the committee, Senator Martin Heinrich of New Mexico, ignored the new jobless rate and focused instead on the disappointing payroll gain. “Today’s jobs numbers show there are still challenges ahead that this administration must address,” Mr. Heinrich said. “President Trump promised that he would be ‘the greatest jobs producer that God ever created.’ Democrats on the Joint Economic Committee will hold him to this promise.”
"Today’s jobs numbers show there are still challenges ahead that this administration must address," the Joint Economic Committee's top Democrat Senator Martin Heinrich told The New York Times. "President Trump promised that he would be 'the greatest jobs producer that God ever created.' Democrats on the Joint Economic Committee will hold him to this promise."
Apr 07 2017
Heinrich Statement on March Jobs Report
Today’s jobs numbers show there are still challenges ahead that this administration must address. President Trump and Republicans should focus on job creation and raising wages. The success of our economy will be tied to whether we take the bold steps necessary to connect people with the opportunities that will exist tomorrow and help grow the earnings of America’s middle class. A lot of work remains to be done to ensure that all of us have a shot at getting ahead.