JEC Chairman Martin Heinrich Releases Annual Response To Economic Report Of President

Submitted by Carol A. Clark
on August 12, 2023
- 6:19 pm

Sen. Martin Heinrich

JEC News:

WASHINGTON, D.C.— Sen. Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC) has released the annual response to the Economic Report of the President (the Report).

Per statute, the JEC provides an annual response and recommendations in response to the Report, which is prepared and released each year by the Council of Economic Advisers (CEA).

JEC welcomes the opportunity to respond to this year’s Report, which was published by the Biden administration in March 2023.

Despite the economic headwinds the United States has faced in recent years, there are clear signs JEC is headed in the right direction—including the addition of 13.2 million jobs and 29 consecutive months of job growth. Investments from the Inflation Reduction Act, the Bipartisan Infrastructure Law, and the bipartisan CHIPS and Science Act are continuing to create new jobs in infrastructure, clean energy and manufacturing.

The response details opportunities for investments and future policy changes that could build upon these successes, laying the foundation for a resilient economy that will open new doors to economic opportunity for American families, workers, and small businesses.

Chairman Heinrich issued the following statement:

“A successful economy is one in which parents can afford to provide opportunities for their children to thrive, entrepreneurs can start new businesses, and workers can pursue jobs they can build a family on and allow them to retire with peace of mind.

“We have the opportunity and the responsibility to pass smart economic policy that invests in American families, workers, and businesses. We must seize that opportunity.”

The annual response to the Report includes six chapters: