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Joint Economic Committee Democrats

Joint Economic Committee Democrats News & updates from the official account of the Joint Economic Committee Democrats. This is the page for JEC Democratic staff. http://jec.senate.gov/

The JEC, established under the 1946 Employment Act, was created by Congress to review economic conditions & analyze the effectiveness of economic policy.

Operating as usual

It's not an accident that in 2021 child poverty fell to a record low, the expanded  (CTC) helped to cut child poverty in...
11/29/2022
The Expanded Child Tax Credit Is Gone. The Battle Over It Remains.

It's not an accident that in 2021 child poverty fell to a record low, the expanded (CTC) helped to cut child poverty in half.

A pandemic-era program that sent monthly checks of up to $300 per child to most families drove down poverty rates. Amid new research about its merits, some Democrats are vowing to bring it back.

09/29/2022
States that Most Restrict Access to Abortion Have Worse Economic Conditions for Families - States that Most Restrict Access to Abortion Have Worse Economic Conditions for Families - United States Joint Economic Committee

NEW: In states where abortion is restricted:
💸Women’s weekly earnings are lower on average
🧒Child poverty rates are higher
⚕️Health care is harder to access
🧑‍🎓Spending on K-12 education is lower
🚫Paid family leave does not exist

See your state ⬇️

September 29, 2022 Print Facebook Twitter Email In states which have either completely banned or severely restricted abortion, women will be constrained from making decisions that are right for them, their families and their financial security. The ability to decide if and when to have a child has...

09/21/2022
By the Numbers: How Democrats are Creating Jobs and Cutting Costs (District data) - By the Numbers: How Democrats are Creating Jobs and Cutting Costs (District data) - United States Joint Economic Committee

Congressional Democrats and President Joe Biden
have fought for families and workers to:
💸Lower costs
💼Create jobs
🏬Support businesses
📈Promote Economic growth

See how these actions have impacted your district, by the numbers, here ⬇️

September 21, 2022 Print Facebook Twitter Email In the 117th Congress, Congressional Democrats and President Biden have enacted a number of laws and policies—including the American Rescue Plan, Infrastructure Investment and Jobs Act, Inflation Reduction Act, CHIPS and Science Act and student loan ...

09/08/2022
Broadband Programs in the Bipartisan Infrastructure Law Will Help Close the Digital Divide and Expand Economic Opportunity - Broadband Programs in the Bipartisan Infrastructure Law Will Help Close the Digital Divide and Expand Economic...

Access to broadband has rapidly become key to everyday life & a driver of economic growth, yet disparities in access still exist.

The bipartisan Infrastructure Investment and Jobs Act commits nearly $65 billion to broadband service to address this divide.

September 7, 2022 Print Facebook Twitter Email Key Points: An estimated 42 million Americans do not have access to broadband, blocking already disadvantaged communities from this vital service Access to broadband is important for broader economic growth and opportunity, especially in communities of....

09/07/2022
Democrats Are Working to Fight Inflation, Lower Costs and Address Supply Shortages - Democrats Are Working to Fight Inflation, Lower Costs and Address Supply Shortages - United States Joint Economic Committee

THIS IS BIG: Gas prices have decreased $1.25 on average due to action from President Joe Biden and Congressional democrats to deliver lower costs to workers and families.

See how ↘️

July 8, 2022 Print Facebook Twitter Email While Americans continue to feel the burden of higher prices, Democrats in Congress and the Biden administration are working to bring down costs for families now and in the long term. Higher inflation underscores the importance of making investments to lower...

08/19/2022
Electrifying Commercial Transportation Will Generate Significant Climate Benefits, Save Companies Money and Reduce U.S. Dependence on Foreign Oil - Electrifying Commercial Transportation Will Generate Significant Climate Benefits, Save Companies...

The invests $7 billion in commercial Electrical Vehicle investment. EVs will:
🚗Speed the transition to zero emissions transportation
🚗Increase U.S. energy independence
🚗Slow impacts of climate change

August 18, 2022 Print Facebook Twitter Email Electric vehicles (EVs) are a large and rapidly growing part of the vehicle market. Commercial vehicle fleets in particular have the potential to speed the transition to zero emissions transportation that will create climate and economic benefits for the....

07/28/2022

”It is unions that have created and grown our middle class”

Watch the message from JEC Chairman Congressman Don Beyer
on how critical unions are for workers and the economy. ⬇️

07/26/2022
STATE-BY-STATE FACT SHEETS: JUNE EMPLOYMENT DATA - STATE-BY-STATE FACT SHEETS: JUNE EMPLOYMENT DATA - United States Joint Economic Committee

Since President Joe Biden came into office over 9 million jobs have been created. In the month of June:

💼372,000 jobs were added
💼the unemployment rate remained at 3.6%

See your state's jobs data ⬇️

July 22, 2022 Print Facebook Twitter Email Each month, the Bureau of Labor Statistics (BLS) releases national and state-level data on U.S. employment, which provide useful information about the state of the labor market and progress toward building a better America. To highlight key trends in the mo...

Over 6M Americans are living w/ Alzheimer's disease -- costing the economy over $321B in 2022. On 7/19 Congressman Don B...
07/14/2022

Over 6M Americans are living w/ Alzheimer's disease -- costing the economy over $321B in 2022. On 7/19 Congressman Don Beyer is hosting a roundtable on the with a panel of experts.

Bookmark to watch live ↘️
https://t.co/6qnoA7Ibu8

07/01/2022
Abortion Access Is Key to Economic Freedom - Abortion Access Is Key to Economic Freedom - United States Joint Economic Committee

FACT: Women determine 83% of all consumption in the U.S. in buying power and influence.

The overturning of threatens women's reproductive and economic freedom and as a result will have devastating impacts on the nation and our economy.

January 14, 2022 Print Facebook Twitter Email Key Points: Abortion access is key for individuals to have control over their economic security and future opportunities Abortion access increases women's educational attainment, financial security and labor force participation Abortion access reduces ch...

06/27/2022
New report w/ Ways and Means Committee shows how Democrats cut health care costs & expanded access to affordable health ...
06/23/2022
Expanded ACA Tax Subsidies in the American Rescue Plan Helped 5.8 Million Americans Newly Enroll in ACA Plans - Expanded ACA Tax Subsidies in the American Rescue Plan Helped 5.8 Million Americans Newly Enroll in ACA Plans - United States Joint...

New report w/ Ways and Means Committee shows how Democrats cut health care costs & expanded access to affordable health insurance.

The :
✅Helped 5.8M Americans newly enroll in free or affordable health plans
✅Lowered ACA health care premiums

June 23, 2022 Print Facebook Twitter Email The American Rescue Plan Act (ARPA) dramatically expanded tax credits that brought downhealth insurance costs for families who get health insurance on the Affordable Care Act (ACA)marketplaces. These expanded tax credits, which are set to expire at the end....

"For too long, the wealthy have captured an increasing share of the economic pie. As this report makes clear, unions hel...
06/10/2022
Feel the benefit: union workers receive far better pay and rights, Congress finds

"For too long, the wealthy have captured an increasing share of the economic pie. As this report makes clear, unions help address economic inequality and ensure workers actually see the benefits when the economy grows" Congressman Don Beyer

Read more from the JEC and Committee on Education and Labor report ↘️

Study shows unionized workers earn 10.2% more than non-union peers, amid wave of organizing at some of largest US employers

JOBS DAY: Today’s  shows continued economic progress.Highlights: 💼390,000 jobs added in May ✅Almost 8.7 million jobs add...
06/03/2022

JOBS DAY: Today’s shows continued economic progress.
Highlights:
💼390,000 jobs added in May
✅Almost 8.7 million jobs added under Biden
⬇️The unemployment rate has remained at 3.6%—nearly pre-pandemic levels

06/02/2022
Democrats Are Working to Fight Inflation, Lower Costs and Address Supply Shortages - Democrats Are Working to Fight Inflation, Lower Costs and Address Supply Shortages - United States Joint Economic Committee

Fighting inflation is President Joe Biden and Congressional Democrats' top economic priority.

Here is what Democrats are doing to lower cost for families and workers, fight inflation, and address supply shortages. ↘️

June 2, 2022 Print Facebook Twitter Email The latest inflation data showed signs of progress, with monthly and year-over-year inflation dropping. While Americans continue to feel the burden of higher prices, Democrats in Congress and the Biden administration are working to bring down costs for famil...

President Joe Biden's plan to address inflation focuses on three areas:➡️Giving the Federal Reserve the space it needs t...
05/31/2022
Opinion | Joe Biden: My Plan for Fighting Inflation

President Joe Biden's plan to address inflation focuses on three areas:
➡️Giving the Federal Reserve the space it needs to get inflation under control
➡️Lowering out-of-pocket costs for families
➡️Reducing the federal deficit

Read the full plan ⬇️

I won’t meddle with the Fed, but I will tackle high prices while guiding the economy’s transition to stable and steady growth.

While people across the U.S. have seen gas prices as high as $6 per gallon, the top 5 oil companies have brought in 300%...
05/19/2022
These Top 5 Oil Companies Just Raked In $35 Billion While Americans Pay More at the Pump

While people across the U.S. have seen gas prices as high as $6 per gallon, the top 5 oil companies have brought in 300% more in profits than in the first quarter of 2021.

The American people deserve better. From Center for American Progress ⬇️

While families on tight budgets struggle to pay the sky-high price of gas, these five oil companies more than tripled their profits in the first quarter of 2022.

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