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Joint Economic Committee Democrats

Publications

Nov 15 2017

Wait, the GOP Tax Plan Means Medicare Cuts?

Republicans continue to press for changes to our nation’s health care system that will upend markets, breed uncertainty, and leave millions wondering whether they will have health coverage. Now, the Republican tax plan threatens significant cuts to the Medicare program. A little-known law could mean that the passage of the GOP tax reform bill will invoke massive cuts to the Medicare program, totaling around $410 billion over ten years.

Nov 13 2017

Millions of Working Families Would See Tax Hikes Under the GOP Tax Plan

Millions of working families would see tax increases under the Senate Republican tax plan. The nonpartisan Joint Committee on Taxation projects that 22 million households will see a tax increase of at least $100 in the year 2027, including 16 million who would see their taxes increase by more than $500. Most of these will be middle-class households, including 7 million households earning between $50,000 and $100,000 seeing a tax increase of at least $100.

Nov 09 2017

Senate GOP Plans to Tax Americans Twice

President Trump and Senate Republicans’ tax proposal threatens to take the state and local tax deduction (SALT) away from over 40 million households. State and local deductions are not a partisan issue—both red and blue state families use them to save hard-earned money on their federal tax returns. The SALT deduction ensures Americans are not taxed twice on the same income. These deductions include write-offs for state sales, income, and property taxes. By eliminating the deduction, working Americans will face tax hikes costing hundreds or even thousands of dollars.

Nov 09 2017

House GOP Plan Raises Taxes on Working Families

President Trump and House Republicans continue to claim that their tax plan will help the middle class. Yet, the bill released by House Republicans will increase taxes for millions of working families, rising from 8 million households in 2019 to 24 million in 2027.

Nov 09 2017

The Economic State of the Veterans Community

While the transition back into civilian life can be difficult for some, the economic state of the veteran community is on an upward trend. Overall, the nation’s 20.5 million veterans earn more, experience lower unemployment, are more likely to have health insurance, and less likely to live in poverty than their non-veteran peers. In this fact sheet we will dive a little deeper into the current economic state of our veterans community.

Nov 08 2017

House GOP Tax Plan Robs Local Communities

House Republicans are taking aim at tax incentives that lift up working families and promote infrastructure spending in struggling communities across the nation. These incentives are supported by both Republicans and Democrats, and benefit manufacturing workers, health care professionals, and school teachers, among others. Eliminating them would cripple economic progress in thousands of rural and urban communities, stripping working Americans of new job opportunities, higher wages, and affordable housing.

Nov 07 2017

The College Affordability Crisis in America

The report highlights multiple approaches Congress can take to address the college affordability crisis in the United States, including alleviating the cost burden on students, changing the incentives that colleges face, and offering better guidance and information to students. Congress should expand low-cost, high-quality pathways and provide the support students who enroll in college need to complete their degrees.

Nov 06 2017

Post-9/11 Veterans Contribute to Industries Across the Economy

Post-9/11 veterans are a vital part of the workforce in industries across the economy. Many recent veterans continue serving their country after leaving the armed forces, working for the government at the federal, state, or local level. Nearly 16 percent of post-9/11 veterans work for the federal government where Republicans’ proposed budget cuts could impact wages and jobs.