Joint Economic Committee, Republicans

Inflation is costing the average American family $753 each month. Read our breakdown of today’s numbers here:

https://www.jec.senate.gov/public/index.cfm/republicans/analysis?id=D3121641-9DF7-4714-892E-A79DD634F7C8

“This month’s job growth is far from enough to return still struggling Americans back to work.” Senator Mike Lee

https://www.jec.senate.gov/public/index.cfm/republicans/newsroom?ID=378B33C1-F1CA-4FB8-AD80-61265DC12E3B

In Utah, families' monthly inflation costs rose to $925 in August. Even if prices stop increasing altogether, inflation will cost Utah households $11,100 over the next year.
https://www.jec.senate.gov/public/index.cfm/republicans/utah-inflation-report/

Reckless spending in Washington has increased prices far above what they would have been. See the inflation costs households are facing in your state:

State Inflation Tracker - United States Joint Economic Committee Click here for access to all of the underlying data, here for an executive summary of our report, and here for the full report.

Inflation since January 2021 is costing Americans $715 each month. See our full breakdown of today's numbers here:

State Inflation Tracker - United States Joint Economic Committee Click here for access to all of the underlying data, here for an executive summary of our report, and here for the full report.

Could this proposal reduce the housing shortage in the West? Sen. Mike Lee says his proposal to combat the housing crunch in the West could reduce shortages in several states and eliminate them altogether in others.

New research from Opportunity Insights shows that the geographic distribution of economic connectedness in the United States is strikingly similar to the JEC Social Capital Index. Read more below:

www.jec.senate.gov

While prices on average showed no change over the month of July, inflation since January 2021 is costing Americans $717 each month. See our full breakdown of today's numbers here:

State Inflation Tracker - United States Joint Economic Committee Click here for access to all of the underlying data, here for an executive summary of our report, and here for the full report.

"Today’s data release confirms the sad reality that American families are paying a high price for Washington’s irresponsible spending." -Ranking Member Mike Lee

https://www.jec.senate.gov/public/index.cfm/republicans/newsroom?ID=E591B354-B5DD-4E5F-96A6-71DC4B638C0E

Corporate price-gouging has had no economically-significant impact on gasoline prices. Instead, the increase in prices is almost entirely attributable to increased demand in the face of diminished supply. Read more here:

Supply and Demand Set Gas Prices, Not Corporate Greed - Supply and Demand Set Gas Prices, Not Corporate Greed - United States Joint Economic Committee Supply and Demand Set Gas Prices, Not Corporate Greed July 26, 2022 Print Facebook Twitter Email Full Report: PDF version Gas prices have increased over the past 18 months, hitting new records and contributing to the rapidly rising inflation that is making everything Americans buy more expensive. Pr...

NEW: The JEC finds that individuals who commit mass public shootings tend to be unemployed and disconnected from their communities. Read the full report here:

The Role of Social Capital in Preventing Mass Public Shootings - The Role of Social Capital in Preventing Mass Public Shootings - United States Joint Economic Committee The Role of Social Capital in Preventing Mass Public Shootings July 19, 2020 Print Facebook Twitter Email Full Report: PDF version The United States is unique in our Second Amendment right to keep and bear arms. This right and the resulting hundreds of millions of guns already in circulation in the....

Tomorrow: 's will testify before the Joint Economic Committee on effective, Constitutional solutions to address the underlying causes of gun violence.
You can watch the hearing here: https://www.youtube.com/watch?v=GIBMh7j2wzI