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Economy

Joint Economic Committee Releases Women’s Equal Pay Day Report

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In recognition of Women’s Equal Pay Day, the Joint Economic Committee released a new report highlighting how, despite progress, women continue to face barriers to equal pay for equal work. Women’s Equal Pay Day represents how far into the year an American woman must work, on average, in order to earn as much as an American man earned in the past year. In 2020, the latest year for which…

Kaine, Beyer Statement On Report Regarding Costs Of Police Misconduct

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Today, U.S. Senator Tim Kaine and Congressman Don Beyer released the following statement regarding a Washington Post report that police misconduct has cost taxpayers more than $3 billion since 2010, with more than $1.5 billion of that paid to settle claims against officers who had more than one claim against them. “Police misconduct causes significant harm and puts lives at risk, but…

Chairman Beyer on February CPI Data

| Posted in Press Releases
Tags: Economy

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 reported the February Consumer Price Index rose 0.8% on a seasonally adjusted basis, up from January’s 0.6%. As broader inflation had begun to moderate, Russia’s military buildup at the Ukrainian border and the unprovoked…

Chairman Beyer Applauds President Biden’s Executive Order on Digital Assets

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Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC) and author of the Digital Asset Market Structure and Investor Protection Act, released the following statement after President Biden signed an Executive Order outlining, for the first time, a whole-of-government approach to mitigating the risks and leveraging the potential benefits of digital…

Beyer Introduces Gender Parity Legislation On International Women's Day

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U.S. Representative Don Beyer (D-VA), Chair of Congress’ Joint Economic Committee, introduced legislation today to encourage gender parity in positions of corporate leadership. Beyer’s House resolution, introduced with House Committee on Oversight and Reform Chairwoman Rep. Carolyn Maloney (D-NY) on International Women’s Day, would express “the sense of the House of Representatives that…

Chairman Beyer on February Jobs Day Data

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Tags: Economy

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 678,000 in February and the unemployment rate declined to 3.8%. The unemployment rate was 6.6% for Black workers, 4.4% for Hispanic workers, 3.1% for Asian…

Speier, Blumenauer, Beyer Introduce Bill to End Tax-Free Status of Stadium Bonds for Professional Sports Stadiums

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Tags: Economy

Today, Congresswoman Jackie Speier (D-CA), co-chair of the Democratic Women’s Caucus and member of the Oversight Committee; Congressman Earl Blumenauer (D-OR), member of the Ways and Means Committee; and Congressman Don Beyer (D-VA), Chairman of the Joint Economic Committee, co-led the introduction of the No Tax Subsidies for Stadiums Act of 2022, which would end the tax-exempt status of…

Chairman Beyer on January Jobs Day Data: “Today’s data blew expectations out of the water”

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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 467,000 in January and the unemployment rate was steady at 4.0%. The unemployment rate was 6.9% for Black workers, 4.9% for Hispanic workers, 3.6% for Asian…

Chairman Beyer on House Passage of America COMPETES Act

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Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the House passed the America COMPETES Act (H.R. 4521). The Senate’s companion bill, the U.S. Innovation and Competition Act, passed with overwhelming bipartisan support in June 2021. “Manufacturing has long been a core strength of the American economy,…

Chairman Beyer on today’s GDP release: “Higher-than-expected fourth quarter GDP growth caps off a year of record-breaking economic gains”

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Tags: Economy

Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Economic Analysis (BEA) reported its initial estimate of gross domestic product (GDP) growth of 5.7% for 2021 and 6.9% for the fourth quarter. Visit the JEC’s Macroeconomic Dashboard to view the latest economic…