Economy

House Ways And Means Committee Advances Ambitious COVID-19 Relief Legislation To Boost The Economy And Help American Families

| Posted in Press Releases

Rep. Don Beyer, a Member of the House Committee on Ways and Means who is also expected to serve as Chair of Congress’ Joint Economic Committee in the 117th Congress, issued the following statement today after the Ways and Means Committee advanced the portions of President Biden’s American Rescue Plan legislation under its jurisdiction: “Today we answered the call of the American people by advancin... Read more »

JEC Releases National and State-Level Data on the Economic Status of Black Americans

| Posted in Press Releases

This month is Black History Month, a time when we celebrate all that Black Americans have done to make our country a more perfect union. It is also a time when we reflect on the progress Black Americans have made—despite the scourge of systemic racism—and the challenges they continue to face. Economic inequality is but one of these challenges—one that the coronavirus pandemic has thrown into sharp... Read more »

Beyer on Q4 and 2020 GDP: “The Previous President Left Americans in A Lot of Pain”

| Posted in Press Releases

Today, Congressman Don Beyer (D-VA) released the following statement after the Bureau of Economic Analysis (BEA) reported its initial estimate of fourth quarter gross domestic product (GDP), showing that real GDP grew at an annual rate of 4.0%. Overall, real GDP decreased by 3.5% in 2020—the first year since 2009 that the U.S. experienced negative economic growth. “That our economy is smaller than... Read more »

Senior Members in Introduce Bill to Provide Comprehensive Paid Leave for Federal Workers

| Posted in Press Releases

Today, Committee on Oversight and Reform Chairwoman Carolyn B. Maloney, House Majority Leader Steny H. Hoyer, Committee on Armed Services Chairman Adam Smith, Committee on Appropriations Chairwoman Rosa DeLauro, Co-Chair of the Democratic Women’s Caucus Jackie Speier, Rep. Gerald E. Connolly, Rep. Don Beyer, and Congresswoman Eleanor Holmes Norton introduced The Comprehensive Paid Leave for Federa... Read more »

Beyer on Yellen Confirmation Vote: It’s Important to Have a "Crisis-Tested Trailblazer" Like Yellen Leading Treasury

| Posted in Press Releases
Tags: Economy

Today, Congressman Don Beyer (D-VA) released the following statement after the Senate voted (84 to 15) to confirm Janet Yellen as Treasury Secretary. Secretary Yellen previously served as Chair of the Federal Reserve and Chair of the Council of Economic Advisers (CEA). She is the first woman to serve as Treasury Secretary, and the first person to lead CEA, the Federal Reserve and Treasury. “During... Read more »

Beyer on Biden's Economic Relief Plan: "Soon We Will Have a President Who Understands…that Rent and Food are Not Going to Trickle Down to Millions of Unemployed Americans"

| Posted in Press Releases

Today, Congressman Don Beyer (D-VA) released the following statement in response to President-elect Joe Biden's American Rescue Plan, a plan that will help the country recover and rebuild from the pandemic. "Watching Joe Biden speak last night about his robust relief plan was a breath of fresh air. "Soon we will have a president in the White House, and Democratic leaders controlling Congress, who ... Read more »

Beyer, Blumenauer Release New Report on Why More Relief for Restaurants and Restaurant Workers Is Needed

| Posted in Opinion Pieces

Today, Congressman Don Beyer (D-VA), Vice Chair of the U.S. Congress Joint Economic Committee during the 116th Congress, and Congressman Earl Blumenauer (D-OR), sponsor of key restaurant relief legislation, released a new report on the impact of the coronavirus on the restaurant industry—one of the industries hardest hit by the pandemic—and why more relief for restaurants and restaurant workers is... Read more »

Game-Changer: Top House Democrats On Biden Support For Automatic Triggers

| Posted in Press Releases
Tags: Economy

Today Rep. Don Beyer (D-VA), incoming Chair of the Joint Economic Committee, and New Democrat Coalition (NDC) Chair Suzan DelBene (D-WA) and NDC Chair-Emeritus Reps. Derek Kilmer (D-WA), expressed their delight at President-elect Biden’s game-changing support for automatic stabilizers, tying unemployment benefits to pandemic and economic conditions. In the summer of 2020, Beyer and New Democrat Co... Read more »

Trump Will Cost Millions Of Americans One Week Of Permanently-Lost Unemployment Benefits If He Fails To Act By The End Of The Day

| Posted in Press Releases

Unemployment benefits are set to expire for an estimated twelve million Americans tomorrow unless recently-passed appropriations and relief legislation is signed into law. A substantial amount of those benefits, totaling billions of dollars, will be irretrievably lost for those dependent on them unless President Trump signs that bill today. Unlike the larger expiration of unemployment benefits whi... Read more »

Beyer Hails Payroll Tax Win To Help Federal Workers And Military Families

| Posted in Press Releases

Rep. Don Beyer (D-VA) today welcomed a legislative provision he helped secure in the upcoming omnibus spending bill to alleviate the burden on federal workers and military families of repaying payroll taxes previously withheld under President Trump’s executive order. The provision would extend the time period for repayment of payroll taxes to the end of 2021, thereby significantly reducing the imp... Read more »