The Joint Economic Committee - Minority issued a report today on the impact of President Trump’s tariffs, which have driven up costs and triggered economic uncertainty for America’s small businesses. The report includes new Committee data, including that the smallest businesses lost 4.5 times more jobs in 2025 than during the pandemic in 2020. This report comes during National Small Business Week, which runs from May 3 – 9, 2026.
May 04 2026
Under Trump, Declining Travel and Tourism is Hitting Local Economies Throughout the United States
The Joint Economic Committee – Minority analyzed data from the federal government, states,
and industry to see how Trump’s tariffs and other actions have impacted the U.S. travel and
tourism economy. The Committee found that during the Trump administration, American
businesses in nearly every part of the country have seen fewer domestic and international
tourists, harming state and local communities that depend on tourism revenue.
and industry to see how Trump’s tariffs and other actions have impacted the U.S. travel and
tourism economy. The Committee found that during the Trump administration, American
businesses in nearly every part of the country have seen fewer domestic and international
tourists, harming state and local communities that depend on tourism revenue.
Apr 23 2026
Trump’s Tariffs Are Crushing the Small Businesses That Make Up the U.S. Manufacturing Base
In his inauguration speech, President Trump promised to make the U.S. “a manufacturing nation once again.” One year later, his administration’s policies are having the opposite effect. Since the start of Trump’s second term, the U.S. manufacturing sector has lost 102,000 jobs and factory construction has steadily declined, with especially notable drops appearing after the April 2025 “Liberation Day” tariff announcements. President Trump’s actions have harmed the manufacturing sector overall, and the economic strain has been especially high for smaller manufacturers.
An updated Joint Economic Committee Minority analysis shows Americans have paid more than $16 billion more at the pump since President Trump began his reckless war with Iran.
Apr 22 2026
Updated State-by-State Cost Data: Families Have Spent $2,300 More Due to Inflation Under Trump
Updated calculations from the Joint Economic Committee – Minority estimate how much more an average family in every state has spent on goods and services since President Trump took office.
Apr 09 2026
ALERT: Tax Season Scams
Ahead of the April 15th deadline for tax filing, Joint Economic Committee Chairman David Schweikert (R-AZ), Ranking Member Maggie Hassan (D-NH), Vice Chairman Eric Schmitt (R-MO), and Senior House Democrat Don Beyer (D-VA) issued a bipartisan alert today warning Americans about common tax season scams. These scams have become increasingly common, especially with emerging AI tactics, and nearly one in four Americans have reported being victimized by a tax scam. In the new alert, the Joint Economic Committee leaders call attention to the increasing scale and sophistication of tax scams and provide consumers with practical tips on how to spot common scams and protect themselves.
New data from the Joint Economic Committee – Minority show that families in New England are paying at least $200 more to heat their homes with oil since President Trump launched his war with Iran.
Following President Trump’s 2025 tariff announcements and the ensuing economic uncertainty, home construction costs increased over the last year and fewer new homes began construction. These challenges continue to grow in 2026, which will further drive up the cost to rent or buy homes and make it harder to address the nation’s housing shortage.
Apr 02 2026
State-by-State Data — Families Have Already Paid $8.4 Billion More for Gasoline Since the Iran War Began
Though Trump campaigned on a pledge to get the price of gasoline under $2 a gallon, the price of gasoline has spiked to more than $4 a gallon since Trump started a war with Iran on February 28th. Now, families are dealing with high gas prices on top of broader rising costs tied to Trump’s tariffs and economic chaos. This Joint Economic Committee – Minority analysis finds that families in every state now have to spend much more to afford the gasoline that they need to commute to work, run errands, or pick up their kids.
The Joint Economic Committee – Minority released a new report on nationwide and state-by-state changes in electricity costs from 2024 to 2025. The updated Committee calculations show that the energy cost crisis facing American families is worse than previously projected, with the average U.S. electric bill increasing by $110, or 6.4 percent, last year.