U.S. Congress Joint Economic Committee

WASHINGTON, D.C. - U.S. Senator Bob Casey, Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after presiding over a hearing entitled “Fiscal Cliff: How to Protect the Middle Class, Sustain Long-Term Economic Growth, and Reduce the Federal Deficit:”

WASHINGTON D.C. – Today, the U.S. Congress Joint Economic Committee released a fact sheet detailing the positive effect that the payroll tax cut had on the economy in 2012. The tax cut put about $1000 into the pocket of the average American family this year, which increased consumer spending, supported job growth, and bolstered the Social Security Trust Fund by increasing the number of employed Americans paying in to the system.

WASHINGTON, D.C. – Today, the U.S. Congress Joint Economic Committee (JEC) released the November edition of its state-by-state snapshots which detail each individual state’s economic progress for the previous month. The report shows that more than two out of three states recorded private sector job gains in October and nationally, 184,000 private sector jobs were added.