Today, the House of Representatives voted on the Financial CHOICE Act (CHOICE), House Republicans’ disastrous proposal to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act. It seems that House Republicans have already forgotten the wreckage left by the Great Recession and 2008 financial crisis —when 8.7 million Americans lost their jobs, 3.8 million homes were foreclosed on, and households lost $17 trillion in wealth.
Today, the House of Representatives will be voting on the Financial CHOICE Act (H.R. 10), an all-out attack on the Dodd-Frank Act by House Republicans. The Financial CHOICE Act is a crude attempt to deregulate financial and consumer markets and green-light America’s next financial crisis, putting millions of Americans on the hook for the next bailout. This legislation is packed with deregulatory handouts to every kind of financial institution, including large banks who want to return to the excessive borrowing and risky banking practices that led to the financial crisis.
Jun 08 2017
Energy Efficiency Powers Economic Opportunities
This report follows President Trump’s decision to withdraw the United States from the Paris Agreement, impacting millions of Americans who are employed in the clean energy economy. The report outlines how the application of energy efficiency technologies creates well-paying jobs, lowers government spending, saves consumers and businesses money, increases competitiveness for businesses, and reduces carbon emissions. Congress must now invest in projects and research that foster job growth and the expansion of the energy efficiency economy.
Climate change is likely to have profound effects on the health of Americans and our economy.
Republicans like to talk about the importance of policy certainty and the risks associated with uncertainty. President Trump apparently forgot that yesterday when he walked into the White House Rose Garden and declared that the United States was pulling out of the Paris Climate Agreement.
Jun 02 2017
President Trump Job Tracker May 2017
To keep tabs on the current administration’s jobs numbers, a comparison between the May jobs report under President Trump and the average jobs report in the late 1990’s.
Jun 01 2017
The Costs of Corruption to the American Economy
Joint Economic Committee Democrats released a new report on the economic costs of corruption. Although corruption is not a concept we are familiar with discussing in the context of the contemporary American politics, President Trump has begun to undermine the norms and institutions that enable not only our democracy to function, but also our economy.
Joint Economic Committee Democrats are providing a variety of resources on TrumpCare as members head home for the district work period.
May 25 2017
Nonpartisan CBO Should Not Be Politicized
Republicans are once again attacking the nonpartisan Congressional Budget Office (CBO) instead of facing the fact that their bill would take away health insurance from 23 million Americans, cause premiums to go up by 20 percent next year, and destabilize markets. Secretary Tom Price (who picked the current head of the CBO) says that the score is “wrong” and Representative MacArthur says “that is somebody’s opinion.”
May 25 2017
Updated House Republican TrumpCare Charts Packet
An updated version of our “Republican Health Care Plan Charts Packet”, with new statistics on the harmful effects of Trumpcare.
