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Joint Economic Committee Democrats

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Jun 17 2015

Maloney Says Private Sector Accounting Methods Are Unsuitable for Government

“Fair Value” Accounting Creates Phantom Costs

Ranking Member Maloney Wednesday argued that proposals to move to so-called “fair value” accounting for federal credit programs - such as student loans, veterans’ home loans and the Export-Import Bank - would distort the budget process, undercut loan programs and, deprive millions of Americans the affordable loans they need to get an education, buy a home or operate a small business.

“In my mind, there is nothing fair about ‘fair value’ accounting,” Maloney said at a JEC hearing to examine the value of an accounting method many Republicans would like to see implemented.

Jun 05 2015

Maloney Statement on Jobs Report

Economy adds 280,000 nonfarm jobs in May

Clearly the economy has shown consistent strength coming out of the worst recession since the 1930s, but there’s plenty of room for additional growth, particularly for those at the bottom of the economic ladder.

Jun 04 2015

Maloney: ACA Cuts Deficit, Not Jobs

Republican Predictions About Health Reform are Dead Wrong

Maloney says the U.S. economy has benefited from the Affordable Care Act (ACA), leading to a slower rate of growth in health care costs, increased workforce productivity and future deficit reductions. Watch the video here: https://www.youtube.com/watch?v=1dJtPeb3AWo