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Economy

Beyer: President Trump’s Policies are Doing Serious Damage to the American Economy

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Tags: Economy

U.S. Representative Don Beyer, Senior House Democrat on the Joint Economic Committee, today issued the following statement after the U.S. Bureau of Labor Statistics (BLS) released its July 2026 jobs report, which found that the U.S. economy lost 23,000 jobs in July with previous job gains in May and June revised down by a combined 103,000 lower than previously reported. While…

Beyer, Meeks Reiterate Concerns on Senate Passage of Russia Sanctions Bill

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U.S. Representatives Don Beyer (D-VA), Senior House Democrat on the Joint Economic Committee, and Gregory W. Meeks, Ranking Member of the House Foreign Affairs Committee, today issued the following statement upon Senate passage of the Lindsey O. Graham Sanctioning Russia Act of 2026:  “While we do not doubt the good intentions of our Senate colleagues’ work on…

Beyer Introduces Bill to Reduce Homebuilding Costs and Improve Housing Affordability

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Tags: Economy

U.S. Representative Don Beyer (D-VA), a member of the House Ways and Means Committee which has jurisdiction over U.S. trade policy, today introduced the Homebuilding Materials Tariff Relief Act to eliminate the Trump Administration’s tariffs on a series of critical products used in home construction and bring down the cost of housing.  “Rather than lowering costs for American…

Beyer Statement On Trump Tariff Announcement

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Rep. Don Beyer (D-VA), the Senior House Democrat on Congress’ Joint Economic Committee and a member of the House Ways and Means Subcommittee on Trade, issued the following statement today after President Trump announced new 10 to 12.5 percent tariffs on dozens of countries, including key U.S. trading partners: “If President Trump wanted to raise our prices and run our economy into…

New Dem Trade & Tariffs Task Force Chair Don Beyer Slams Declaration to Withdraw from USMCA, Urge Strengthening of Trilateral Agreement through Joint Review

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Tags: Economy

Today, New Democrat Coalition Trade & Tariffs Task Force Chair Don Beyer (VA-08) issued a statement on the start of the joint review process of the United States-Mexico-Canada Agreement (USMCA) urging Trump Administration officials to maintain and build on the seminal trade agreement rather than withdraw and throw the U.S. and regional economy into chaos. The failure to renew the…

Beyer, Fitzpatrick, Houlahan Reintroduce Legislation to Provide Paid Family and Medical Leave for Federal Employees

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U.S. Representatives Don Beyer (D-VA), Brian Fitzpatrick (R-PA), and Chrissy Houlahan (D-PA) today reintroduced the Comprehensive Paid Leave for Federal Employees Act, bipartisan legislation to expand federal paid leave to include 12 weeks of family and medical leave. Under current law, federal employees are eligible for paid parental leave, but family and medical leave continues to be…

As Inflation Surges, Republicans in Congress Are Looking the Other Way

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Tags: Economy

Congressman Don Beyer (D-VA), who serves on the House Ways and Means Committee and as Senior House Democrat on Congress’ Joint Economic Committee, today released the following statement after the U.S. Bureau of Labor Statistics (BLS)’ Consumer Price Index report showed inflation rising 4.2 percent over the past year and 0.5 percent in May alone, the highest annual inflation rate since…

Beyer Hails Passage Of Major Housing Legislation

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Congressman Don Beyer (D-VA), who serves as Senior House Democrat on Congress’ Joint Economic Committee and as a member of the House Committee on Ways and Means, today hailed the U.S. House’s passage of landmark housing legislation. The 21st Century ROAD to Housing Act passed the House with an overwhelmingly bipartisan vote of 396-13. The bill, which now returns to the Senate, would…

Beyer, Kelly, Cramer, Coons Introduce Charity Parity Act

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Congressman Don Beyer (D-VA), Congressman Mike Kelly (R-PA), Senator Cramer (R-ND), and Senator Chris Coons (D-DE) today introduced the Charity Parity Act, which would allow taxpayers to make direct qualified charitable distributions (QCDs) from their employer sponsored retirement plans. Currently, retirement savers can exclude up to $111,000 in QCDs from their gross income annually.…

Trump’s War Drives Painful Price Spikes

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Tags: Economy

Inflation data released by the Trump Administration today via the U.S. Bureau of Labor Statistics (BLS) showed prices surging, as inflation reached the highest levels in three years. The latest Consumer Price Index (CPI) report found that prices rose at an annual rate of 3.8 percent in April. The increase was driven by skyrocketing fuel and gas prices amid President Trump’s unpopular war…