Hoyer Statement on June Jobs Report

WASHINGTON, DC – Congressman Steny H. Hoyer (MD-05) released the following statement today on the June jobs report: 

"While job growth slowed in June, with 74,000 private sector jobs added to the economy and unemployment at 4.1 percent, Trump's so-called 'one big, beautiful bill' raises many concerns about our economic future. Working Americans rightfully see Republicans' partisan legislation as one big, brazen betrayal. An estimated 17 million of them will lose health care coverage and many hospitals will close or reduce service because of the bill's more than $1 trillion in cuts to Medicaid and the Affordable Care Act. Millions more will go hungry and many farms will go under as Republicans pare back food assistance programs. Cuts to student loans and Pell grants will make college and skills training programs more expensive. The bill also rolls back incentives Democrats created for the private sector to invest in advanced manufacturing of clean electric vehicles, batteries, and other critical clean energy technologies, sacrificing countless good-paying American jobs and raising electricity costs for everyday Americans as Trump’s tariffs already eat away at their paychecks.

"Why did Republicans inflict his pain on the American people? To give the wealthiest Americans another tax cut. Because of this bill, the bottom 20 percent of American earners will see their income decline by 3 percent. The top 1 percent, however, will see their income increase by 3 percent. That is a $1 trillion dollar tax cut for the top 1 percent. Crucially, future generations of Americans will have to pick up the tab for this bill's $3.4 trillion price tag. Investors continue to lose faith and credit of the United States, and Americans will pay the price. 

"Trump said he would lower costs for Americans. He said he would lower the national debt. He hasn't. Both continue to increase as a direct consequence of his disastrous policies. Republicans can lie all they want; the numbers don't."