Charles Schumer in 2018 NY Senate race

On Free Trade: Supports USMCA trade agreement to replace NAFTA

Senate Minority Leader Chuck Schumer (D-NY): "As someone who voted against NAFTA and opposed it for many years, I knew it needed fixing. The president deserves praise for taking large steps to improve it."

On Budget & Economy: Measure distribution of growth, not just overall GDP growth

But those gaps don't show up in official measurements like the GDP, which measures growth in the overall economy. Now Democratic Sens. Chuck Schumer and Martin Heinrich are trying to change that. The idea, they say, is to shed light on where economic prosperity is showing up across different income groups--and, potentially, where it's not.

Their new bill, the Measuring Real Income Growth Act, would require reporting how GDP growth is distributed along the income scale. The bureau that reports overall GDP would have to put together distributional measures of economic growth to be released with quarterly and annual GDP reports starting in 2020, laying out how growth shows up across each decile of earners and the top 1 percent.