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Economy

Bipartisan Leaders of the Joint Economic Committee Issue Requests to Federal Agencies on Efforts to Crack Down on Overseas Scam Networks

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U.S. Congress Joint Economic Committee Chairman David Schweikert (R-AZ), Ranking Member Maggie Hassan (D-NH), Vice Chairman Eric Schmitt (R-MO), and Senior House Democrat Don Beyer (D-VA) today issued requests to federal agencies for information on their efforts to crack down on overseas scam networks that steal from Americans.  Last year alone, Americans lost an estimated…

Beyer On Disastrous Jobs Report: “This Is Not An A++++ Economy”

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Tags: Economy

Today the U.S. Bureau of Labor Statistics (BLS) issued its November jobs report, which found that the unemployment rate rose to 4.6 percent, the highest level since the pandemic, while the economy lost jobs on balance over the months of October (-108,000 jobs) and November (+64,000 jobs). In the seven months since President Trump’s tariffs took effect, the U.S. economy has…

Landsman, Beyer Introduce Bill to Protect Residents from Rising Costs Caused by AI Data Centers

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Today, Congressman Greg Landsman (D-OH-01) and Congressman Don Beyer (D-VA-08) introduced a bill to protect residents and small businesses from rising electricity costs caused by artificial intelligence data centers. The annual electricity consumption in the U.S. hit a record high in 2024 and is expected to keep rising. It’s driven in part by the growing demands for artificial…

Warren, Beyer, Lawmakers Warn Treasury Against Delivering Retroactive Tax Break to Billionaire Corporations

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Tags: Economy

U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, along with U.S. Representative Don Beyer (D-Va.), a member of the House Ways and Means Committee, led Senators Chris Van Hollen (D-Md.), Bernie Sanders (I-Vt.), and Sheldon Whitehouse (D-R.I.) and Representatives Danny Davis (D-Ill.), Linda Sánchez (D-Calif.), Jimmy Gomez (D-Calif.), and Mike Thompson…

Beyer Statement On Trump’s Tariff Retreat

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Congressman Don Beyer (D-VA), who serves on the House Ways and Means Subcommittee on Trade and recently joined Reps. Ro Khanna (D-A), Don Bacon (R-NE), and Maggie Goodlander (D-NH) in introducing the bipartisan No Coffee Tax Act to repeal President Trump’s coffee tariffs, issued the following statement on the Trump Administration’s repeal of its own tariffs on goods including coffee and…

Virginia Democrats Urge Extension of ACA Open Enrollment Period in Virginia As Republican Inaction Raises Risk Of Higher Health Care Costs

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Virginia’s Democratic Representatives in the U.S. House, Don Beyer (VA-08), Bobby Scott (VA-03), Jennifer McClellan (VA-04), Suhas Subramanyam (VA-10), Eugene Vindman (VA-07), and James Walkinshaw (VA-11) today urged the Director of Virginia Health Benefit Exchange to extend Virginia’s Open Enrollment period through May 1, 2026. With the expiration of enhanced advance premium tax credits…

“I Don’t Want To Hear About The Affordability”

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Tags: Economy

Last night, amid a dishonest rant misleading his audience about the cost of a shrunken promotional Thanksgiving meal basket at Wal-Mart, President Trump angrily complained: “I don’t want to hear about the affordability.” The morning after Trump’s diatribe, new economic data showed that consumer sentiment in the United States has fallen to one of the lowest levels ever recorded. The drop…

Trump Quietly Makes It Harder And More Expensive For Americans To File Tax Returns

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Tags: Economy

Amid President Trump’s ongoing temper tantrum over affordability, his Administration also quietly made it more inconvenient and expensive for the American people to file their tax returns. On Tuesday night, as much of the political world turned its attention to results from Election Day, the Treasury Department officially ended the IRS Direct File program, which many Americans used to…

Van Hollen, Beyer, Colleagues Urge Power Grid Operator PJM to Prioritize Consumers’ Access to Reliable, Affordable Electricity Over Large Corporate Interests

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Tags: Economy

U.S. Senators Chris Van Hollen (D-Md.) and U.S. Representative Don Beyer (D-Va.) were joined by 10 of their colleagues in urging PJM Interconnection, LLC (PJM), the grid operator responsible for coordinating electricity transmission in the region, to take steps to protect the reliable supply of electricity and prevent skyrocketing costs for consumers amid rapid growth in data center…

Group of Lawmakers Investigate Impact of Data Centers on Energy Costs

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As new data centers are being built across the U.S. to support the expansion of AI, a group of 20 federal lawmakers led by Rep. Kevin Mullin (CA-15), a member of the House Energy and Commerce Committee, are raising concerns about how increasing demands on the electrical grid could impact household energy bills. In letters to the Federal Energy Regulatory Commission, Edison Electric…