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Economy

Beyer Announces Reintroduction Of Legislation To End Tax Breaks For Oil And Gas Industry

| Posted in Press Releases

U.S. Representative Don Beyer today announced the reintroduction, with Reps. Sean Casten (IL-06) and Mike Levin (CA-49), of the End Oil and Gas Tax Subsidies Act. The legislation would eliminate a series of tax breaks enjoyed by the oil and gas industry. “It is crazy, dangerous, and a stupid waste of money for the federal government to keep subsidizing fossil fuels with taxpayer money…

DelBene, Beyer Introduce Legislation to Block President from Imposing Unchecked Tariffs

| Posted in Press Releases
Tags: Economy

Today, Representatives Suzan DelBene (WA-01) and Don Beyer (VA-08) led 11 House members in introducing the Prevent Tariff Abuse Act, legislation to stop the President of the United States from imposing import tariffs under the guise of a national emergency without Congressional approval. Tariffs are taxes paid by importers that are often passed along to consumers through higher prices.…

Rep. Don Beyer’s Opening Statement at JEC Hearing on Trump’s Tariffs

| Posted in Speeches and Floor Statements
Tags: Economy

Representative Don Beyer, Senior House Democrat on the JEC, slams Trump’s disastrous tariff proposals in his opening statement at today’s hearing titled, “Trade Wars & Higher Costs: The Case Against Trump’s Tariffs”. Beyer’s remarks, as prepared for delivery, are below and can be watched here: “This hearing will come to order. I would like to welcome everyone to today’s hearing…

Beyer Statement on IRS Nomination

| Posted in Press Releases
Tags: Economy

Rep. Don Beyer (D-VA), who serves on the House Ways and Means Tax Subcommittee, issued the following statement today on Donald Trump’s announcement that he would nominate former Rep. Billy Long to lead the IRS, with over three years remaining in IRS Commissioner Danny Werfel’s term: “Replacing Commissioner Werfel with over three years remaining in his term is a terrible mistake. He has…

Beyer Statement on Trump Tariff Announcement

| Posted in Press Releases
Tags: Economy

 Rep. Don Beyer (D-VA), who serves on the House Ways and Means Subcommittee on Trade, today issued the following statement on President-elect Donald Trump’s proposal to impose a 25% tariff on all products entering the country from Canada and Mexico: “President-elect Trump just announced that his first act after being sworn into office will be to raise prices for the American people.…

Rep. Don Beyer’s Opening Statement at JEC Hearing on TCJA

| Posted in Speeches and Floor Statements
Tags: Economy

Representative Don Beyer, Senior House Democrat on the JEC, slams Republicans in his opening statement about Trump’s tax scam at today’s Republican-led hearing titled, “Building on the Success of TCJA: The 2025 Tax Policy Debate”. Beyer’s remarks, as prepared for delivery, are below and can be watched here: “Thank you, Vice Chairman Schweikert. And thank you to your staff for putting…

Smucker, Beyer Introduce ENABLE Act Supporting Individuals with Disabilities

| Posted in Press Releases

Reps. Lloyd Smucker (PA-11) and Don Beyer (VA-08), members of the Ways and Means Committee, announce jointly-introducing the Ensuring Nationwide Access to Better Life Experience (ENABLE) Act (H.R. 9614). This legislation helps individuals with disabilities save for their futures by permanently extending three provisions of the tax code which expire in 2025. In 2014, Congress established…

Whitehouse, Merkley, Raskin, Beyer & 62 Lawmakers Urge Biden Administration to Finalize Strict Clean Hydrogen Tax Credit Rules

| Posted in Press Releases

 U.S. Senators Sheldon Whitehouse (D-RI) and Jeff Merkley (D-OR) and Representatives Jamie Raskin (D-MD) and Don Beyer (D-VA) led a letter from 66 members of Congress calling on the Biden Administration to finalize strict rules for the Section 45V Tax Credit for Production of Clean Hydrogen that was passed as part of Democrats’ historic Inflation Reduction Act. In a letter sent…

Beyer Introduces Legislation to Support Older Workers

| Posted in Press Releases

Rep. Don Beyer (D-VA) today introduced the Older Workers’ Bureau Act, legislation that would establish an Older Workers’ Bureau within the Department of Labor tasked with identifying challenges facing workers aged 55 and older and developing policies to improve employment conditions and opportunities for older workers. “As more Americans work into their later years and workplace…

Beyer Statement On Strong Q2 Economic Growth

| Posted in Press Releases
Tags: Economy

Rep. Don Beyer (D-VA), Senior House Democrat on Congress’ Joint Economic Committee, issued the following statement on today’s GDP report showing the U.S. economy surpassed forecasts with 2.8 percent growth in the second quarter (Q2) of 2024: “Today’s GDP report showed continued economic growth well ahead of expectations – more excellent news for the American people. The increased…