Congressmen Steve Cohen (TN-9) and Don Beyer (VA-8) and Senator Ron Wyden of Oregon today introduced bicameral Billionaire Income Tax Act bills in an effort to establish a level of fairness in federal taxation and prevent millionaires and billionaires (and one prospective trillionaire) from avoiding significant liability. The measure would tax wealth gains as they occur.
Congressman… Read more »
Congressman Don Beyer, who represents a Northern Virginia district with one of the highest concentrations of federal employees in the country, today shared an invitation to a constituent services event to be held on Saturday, September 20 from 9:00 a.m. to 1:00 p.m. The event will offer practical financial guidance tailored for current and former federal workers.… Read more »
Friday morning the Bureau of Labor Statistics issued the August jobs report, which found that employment in the United States “has shown little change since April.” The U.S. economy has averaged just 27,000 jobs added per month over the past four months, a sharp drop from previous years, amid a clear and dramatic slowdown caused by President Trump’s chaotic and destructive tariff… Read more »
Today the U.S. Bureau of Labor Statistics (BLS) issued its August jobs report, which was full of woeful news for the U.S. economy. The report found that the unemployment rate rose to 4.3 percent, the highest it has been since the pandemic, and the economy only added a scant 22,000 jobs. With all data in for June, the final jobs figure for that month with revisions shows that the… Read more »
The U.S. Bureau of Labor Statistics (BLS) today reported that the unemployment rate in Virginia rose again in July, to 3.6 percent, the seventh consecutive increase in the Commonwealth’s unemployment rate. Virginia’s 0.8 percent year-over-year unemployment rate increase is now the second fastest in the nation during that period, tied with Oregon and trailing only Mississippi. In the… Read more »
This morning the July jobs report showed that the U.S. labor market slowed markedly in the second quarter of 2025, with only 106,000 total jobs added, an average of just 35,000 jobs per month over the last three months. Most job growth during this period came in two sectors, health care and social assistance, which were the target of major funding cuts by Republicans and… Read more »
The U.S. Bureau of Labor Statistics (BLS) today reported that the unemployment rate in Virginia rose again in June, to 3.5 percent. The BLS report notes that “Virginia had the only rate increase” in the month of June. This was the sixth consecutive increase in Virginia’s unemployment rate, the first time the Commonwealth’s unemployment has continuously risen over half a… Read more »
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., Senator Michael F. Bennet, D-Colo., and U.S. Representative Don Beyer, D-Va., today reintroduced legislation to update and expand unemployment insurance so the program better meets the needs of the modern workforce and is ready to respond should the economy go into a recession in the future.
“There’s no question that our… Read more »
Congressman Don Beyer (D-VA) this morning delivered the following remarkson H.R. 1, aka the One Big Ugly Bill Act, during debate on the measure:
“From the Gospel of Matthew:
For I was hungry, and you gave me food.
I was thirsty, and you gave me drink.
I was a stranger, and you took me in.
I was naked, and you clothed me.
I was sick, and you visited… Read more »
Congressman Don Beyer (D-VA), who serves as the top House Democrat on the Congressional Joint Economic Committee, today expressed rising concern over Virginia’s economy, after monthly data from the Bureau of Labor Statistics (BLS) showed that the Commonwealth’s unemployment rate had risen for the fifth consecutive month. The increase brought Virginia’s unemployment rate to… Read more »
