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Joint Economic Committee Democrats Profile picture
Joint Economic Committee Democrats
@JECDems
Follow for analysis and news from the Joint Economic Committee Democrats and Ranking Member @SenatorHassan
Sep 15, 2021 • 8 tweets • 6 min read
NEW: To commemorate the start of #HispanicHeritageMonth, @HispanicCaucus and @JECDems released a report on the essential contributions of Hispanic workers to the U.S. economy.

jec.senate.gov/public/index.c… More than 62 million Hispanic Americans live in the US and they create over $2 trillion in economic output each year.

Despite these important contributions, #HispanicWorkers are overrepresented in low-wage jobs with poor working conditions.
Feb 17, 2021 • 8 tweets • 2 min read
The failure of the U.S. government to increase the federal minimum wage to keep pace with or exceed inflation has left many American families without a path to the middle class.

Check out part one of three @JECDems issue briefs on the eroding value of the minimum wage here ⤵️ Some key points from the first installment 👇

A full-time worker making the minimum wage today lives in poverty—earning just $15,000 annually, a drop of more than $6,000 when compared to more than 50 years ago.
Feb 4, 2020 • 24 tweets • 7 min read
(1/) At the president’s #SOTU address, we should be prepared for a torrent of false or misleading statements on every issue. Some of his key claims about the economy are in this tweet, which packs a lot of misinformation into less than 250 characters. (2/) The Washington Post’s Fact Checker has found that Donald Trump has made more than 1,500 false or misleading claims about the economy since he became president. We should expect more of the same at the #SOTU
washingtonpost.com/graphics/polit…
Jan 28, 2020 • 12 tweets • 4 min read
(1/12) President Trump says he inherited an economic “disaster” from President Obama and that he “accomplished an economic turnaround of historic proportions.”

He’s very wrong, and in this thread we’ll show why. (2/12) It was Pres. Obama who inherited (from Bush) a disaster, & along with congressional Democrats took action that stopped the bleeding and led to growth.

He handed Trump a solid economy, with GDP rising at 2% & unemployment down by more than half from the Recession peak.
Dec 20, 2019 • 7 tweets • 5 min read
It’s time we break down the myth (promoted by Trump) and reality behind GOP tax cuts, which became law almost two years ago today. As Vice Chair @RepMaloney noted, “Americans would be right to feel cheated” by the tax law. This thread shows why. (1/7) jec.senate.gov/public/index.c… TRUMP MYTH: Tax cuts would boost GDP growth to as high as 6% annually.

REALITY: In the seven quarters since the tax cuts became law, GDP growth has been the same as in the seven prior quarters—roughly 2.5%. #2YearsOfTCJA (2/7)
Dec 9, 2019 • 10 tweets • 5 min read
(1/10) The White House and congressional Republicans claim that personal income growth has nearly doubled under Trump. As usual, they are fudging the numbers. #FactsMatter (2/10) To start, @WhiteHouseCEA looks at growth over the prior year. So when it starts counting from inauguration, Trump’s numbers include gains from before his time in office. In effect, Republicans are taking credit for some of Obama’s achievements.