TOMORROW: In Key JEC Hearing, Heinrich Will Urge Congress To Rethink Methods Of Measuring Economic Growth
Senator Heinrich will also reintroduce the Measuring Real Income Growth Act to create metrics that better reflect the economic experiences of all Americans
WASHINGTON, D.C. – Tomorrow, Wednesday, October 16, 2019, at 2:15 p.m. ET/12 p.m. MT, U.S. Senator Martin Heinrich (D-N.M.) will participate in the Joint Economic Committee hearing, “Measuring Economic Inequality in the United States,” to discuss the shortcomings in measurements of inequality and possible solutions for better understanding how the benefits of economic growth are divided.
Senator Heinrich will also reintroduce the Measuring Real Income Growth Act, which would require the Bureau of Economic Analysis (BEA) to report how economic growth is distributed across the income spectrum. This data would help to put quarterly Gross Domestic Product (GDP) growth numbers in context, as it would provide a breakdown of the economic benefits seen by individuals across different segments of the economy. The bill would provide policymakers with metrics that better reflect the economic experiences of all Americans, not just top income earners.
For a full list of the witnesses, please click here.
***To view a livestream of the hearing, please click here.***
Washington, D.C. - Wednesday, July 17, 2019
WHO: U.S. Senator Martin Heinrich
WHAT: Hearing: Measuring Economic Inequality in the United States
WHEN: 12:15 p.m. MT / 2:15 p.m. ET
WHERE: 2020 Rayburn House Office Building
