Economy

Chairman Beyer Statement on First Payment of Expanded Child Tax Credit

| Posted in Press Releases

Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement in response to today’s first monthly payment of the expanded Child Tax Credit (CTC): “The expansion of the Child Tax Credit, included in the American Rescue Plan Congress passed last spring, is the biggest investment in children and families in a generation and puts p...

Chairman Beyer Applauds Biden’s Executive Order on Promoting Competition in the American Economy: “A major step in the right direction”

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Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement in response to President Biden’s Executive Order on Promoting Competition in the American Economy: “Over the last 30 years, the United States has experienced a rise and concentration of corporate market power that has harmed consumers, workers and small businesses. “A...

Chairman Beyer Statement on June Jobs Report

| Posted in Press Releases

Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 850,000 in June and the unemployment rate remained statistically unchanged at 5.9 percent. The number of people who reported that they weren't looking for work because of ...

House Passes Broad Infrastructure Legislation; Bill Includes Beyer Community Funding Requests, Wildlife Conservation Legislation, Suicide Prevention Amendment

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The House today passed the Investing in a New Vision for the Environment and Surface Transportation [INVEST] in America Act, ambitious surface transportation legislation that would pave the way to rebuilding America’s infrastructure. The bill contained top priorities for Northern Virginia and legislative measures sponsored by Rep. Don Beyer (D-VA), including: All of Beyer’s Member-designated trans...

Beyer Requests For Northern Virginia Infrastructure Priorities Included In House Surface Transportation Bill

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Late last week, the House Committee on Transportation and Infrastructure completed a marathon markup of the Investing in a New Vision for the Environment and Surface Transportation [INVEST] in America Act. The legislation, which House Majority Leader Steny Hoyer subsequently indicated will receive a floor vote in the House during the final week of June, included all four of Rep. Don Beyer’s (D-VA)...

Van Hollen, Beyer Reintroduce Millionaires Surtax to Invest in Working Families

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Today, U.S. Senator Chris Van Hollen (D-Md.) and Congressman Don Beyer (D-Va.) reintroduced their Millionaires Surtax legislation to help close the gap between the wealthy and everyday Americans and raise significant revenue to make new investments that will grow the economy and protect working families. The Millionaires Surtax would apply an additional 10-percentage point tax to incomes above $2 ...

JEC Hearing: Gender Wage Gap Is Systemic Problem, Needs Public Policy Response

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Today, the U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—will hold a remote hearing titled “The Gender Wage Gap: Breaking Through Stalled Progress.” The hearing will explore how the gender wage gap is a systemic issue in the United States that deserves a comprehensive public policy solution. In 2019, a woman working full-time and year-round was paid just 82 cents fo...

Chairman Beyer Statement on May Jobs Report

| Posted in Press Releases

Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 559,000 in May and the unemployment rate was 5.8%—dipping below 6% for the first time since the peak of the pandemic. The unemployment rate was 9.1% for Black workers and ...

JEC: Local Economies Stand to Lose More than $12 Billion Due to Early Cancellation of Enhanced Unemployment Benefits

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Today, the U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—released an issue brief finding that the cancellation of the enhanced Unemployment Insurance (UI) provisions included in the CARES Act could cost local economies across the country more than $12 billion. “The enhanced Unemployment Insurance provided through the CARES Act ensured that tens of millions of Americ...

Chairman Beyer Statement on President Biden’s FY22 Budget Proposal

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Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement in response to President Biden’s FY22 budget proposal: “President Biden’s budget provides a clear blueprint for building a more equitable economy in the wake of the global pandemic. The Administration’s plan, as outlined in the budget, would boost investments critical...