Economy

Incoming Joint Economic Committee Chair Warns GSA Administrator Of “Terrible Consequences” From Delayed Transition

| Posted in Press Releases

Rep. Don Beyer (D-VA), who currently serves as Vice Chair of Congress’ Joint Economic Committee, today wrote to Administrator Emily Murphy of the General Services Administration (GSA) warning of “devastating repercussions” for American families if she continues to refuse to initiate a presidential transition. Beyer is set to take over as Chair of the Joint Economic Committee, which is responsible ... Read more »

Disaster Looms: As Republicans Abandon America’s Unemployed, Millions Face Total Loss Of Income

| Posted in Press Releases

No matter what happens next week, tens of millions of Americans will remain unemployed as the cold season threatens the country with new spikes of coronavirus cases. Already beset by the loss of enhanced unemployment benefits which Senate Republicans allowed to expire in July, over ten million workers face a total loss of income when CARES Act unemployment programs expire if they are not renewed b... Read more »

Beyer Joins Connolly, Van Hollen To Introduce Payroll Tax Legislation After Administration Fails To Take Action

| Posted in Press Releases

Rep. Don Beyer (D-VA) today joined with Rep. Gerry Connolly (D-VA) and Sen. Chris Van Hollen (D-MD) in introducing legislation that would make payroll tax deferrals under President Trump’s Executive Order optional for federal workers and members of the military. “It remains a disgrace that the Administration is setting members of the military and federal workforce up to see reduced paychecks next ... Read more »

Erratic Trump Reversal On Stimulus Negotiations Imperils Economic Recovery

| Posted in Articles

Rep. Beyer, who serves as the top House member on Congress’ Joint Economic Committee, issued the following statement after President Trump abruptly announced that he would end negotiations on a new economic stimulus package to support the economy and protect American jobs: “President Trump’s stunning reversal on stimulus negotiations could not have come at a worse time. “Just as a bipartisan deal ... Read more »

Bipartisan House Delegation Urges Administration To Allow Military, Federal Workforce Payroll Tax Deferral Opt-Out

| Posted in Press Releases

A bipartisan group of 43 U.S. Representatives led by Congressman Don Beyer (D-VA) today wrote to Treasury Secretary Steven Mnuchin urging the Administration to allow members of the military and the federal workforce the flexibility to opt in or out of the payroll tax deferral created under President Trump’s August 8 Executive order. The ultimate implementation of that order allowed private sector ... Read more »

Beyer Testifies On Payroll Tax Deferral’s Damaging Effects On Military, Federal Workforce

| Posted in Press Releases

Rep. Don Beyer (D-VA) today testified before the House Committee on Ways and Means Subcommittee on Social Security in its hearing, “Save Our Social Security Now.” Beyer, whose district includes the largest number of civilian federal employees of any member the House as well as the Pentagon and a number of other military installations, spoke to the damaging effects that the policy will have on mili... Read more »

Beyer Urges Federal Agencies To Improve Communication With Military, Federal Workforce About Payroll Tax Deferrals

| Posted in Press Releases

In an appearance on Government Matters, Rep. Don Beyer strongly urged federal agencies to increase and improve communications with federal workers and military service members about changes in their paychecks which will begin in the current pay period as a result of President Trump’s payroll tax deferral. His interview came ahead of a Thursday hearing on the payroll tax deferral by the House Ways ... Read more »

Trump’s Payroll Tax Deferral Is Fundamentally Corrupt, Disrespects Military Service Members, Civil Servants

| Posted in Press Releases

Late last night President Trump made clear that his Executive Order allowing employers to defer payroll taxes until 2021 was intended as coercion, tweeting, “When we win I, as your President, will totally forgive ALL deferred payroll taxes with money from the General Fund.” The Constitution vests tax powers with Congress, meaning the President cannot deliver the political bribe he offered. Trump’s... Read more »

States Already Exhausting $300 Unemployment Payments As FEMA Clarifies Program Will Only Cover 6 Weeks Of Benefits

| Posted in Press Releases

Across the country implementation of President Trump’s executive order to provide cut-in-half enhanced unemployment benefits continues to result in chaos. The White House initially promised $400 per week would reach unemployed workers “immediately” under the order issued after its negotiators walked away from economic stimulus talks. Administration officials subsequently clarified that the federal... Read more »

Trump Administration Confirms It Will Reduce Military Families’ Paychecks In 2021

| Posted in Press Releases

Following initial reporting from Federal News Radio on Friday night, the Trump Administration confirmed over the weekend that all members of the United States military in the income range specified by President Trump’s executive order will have their Social Security payroll taxes deferred. The Defense Finance and Accounting Service (DFAS), which administers payroll for Department of Defense employ... Read more »