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Economy

Van Hollen, Beyer Applaud Inclusion of Millionaires Surtax in Build Back Better Framework

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Today, U.S. Senator Chris Van Hollen (D-Md.) and Representative Don Beyer (D-Va.) applauded the inclusion of their millionaires surtax within the Build Back Better Framework. Senator Van Hollen and Representative Beyer initially introduced this concept in their Millionaires Surtax Act in November 2019 and reintroduced this legislation in June of this year. This provision had already…

Beyer Applauds New Senate Corporate Minimum Tax Proposal

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Tags: Economy

October 26, 2021 (Washington, D.C.) – Congressman Don Beyer (D-VA), who serves on the House Committee on Ways and Means, which has jurisdiction over tax policy, today welcomed the announcement of a new corporate minimum tax framework in the U.S. Senate. Beyer is the House sponsor of the Real Corporate Profits Tax Act, introduced in the Senate by Sens. Elizabeth Warren (D-MA) and Angus…

100+ House Democrats Urge President Biden To Protect Paid Leave In Build Back Better Act

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U.S. Representatives Don Beyer (D-VA), Rosa DeLauro (D-CT), Judy Chu (D-CA), Jimmy Gomez (D-CA), Ayanna Pressley (D-MA), and Chrissy Houlahan (D-PA) today led 105 House Democrats urging President Biden to defend paid family and medical leave provisions in the ongoing negotiations over the Build Back Better Act. The signatories represent a broad ideological swathe of the House Democratic…

Congressional Hispanic Caucus and Joint Economic Committee Release New Report Examining Hispanic Wealth Disparities

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Tags: Economy

WASHINGTON, D.C. — Today, the Congressional Hispanic Caucus (CHC), led by Congressman Raul Ruiz, M.D. (D-CA), and the U.S. Congress Joint Economic Committee (JEC), led by Congressman Don Beyer (D-VA), released a new report that examines the wealth disparities that threaten the economic security and opportunities of Hispanic Americans and their families. Despite representing 19…

House Democrats Introduce Legislation To Strengthen And Reform Unemployment Insurance

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Tags: Economy

October 12, 2021 (Washington, D.C.) – U.S. Representatives Don Beyer (D-VA), Alexandria Ocasio-Cortez (D-NY), Mikie Sherrill (D-NJ), Jimmy Gomez (D-CA), Cori Bush (D-MO), and Scott Peters (D-CA) today announced the introduction of the Unemployment Insurance Improvement Act, H.R. 5507, legislation to strengthen the delivery of benefits to unemployed American workers. The bill would require…

Build Back Better revenue provisions “rebalance the scale,” create long-term, broadly shared economic growth

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Tags: Economy

Washington, D.C. – Yesterday, the U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—held a hearing titled “Building Back Better: Raising Revenue to Invest in Shared Prosperity” to examine the economic benefits of the revenue provisions included in the Build Back Better reconciliation and bipartisan infrastructure packages. Currently,…

REPS. NEWMAN, BONAMICI, BEYER AND GARCIA INTRODUCE THE SUPPORTING OLDER WORKERS ACT

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WASHINGTON, D.C– Today, U.S. Representatives Marie Newman (D-IL-03), Suzanne Bonamici (D-OR-01), Don Beyer (D-VA-8) and Sylvia R. Garcia (D-TX-29) introduced the Supporting Older Workers Act, a new bill designed to improve and advance the employment, economic success and the well-being of America’s older workers. The legislation would strengthen the workforce development system for older…

House Sends Government Funding Legislation To President’s Desk, Averting Shutdown

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Tags: Economy

September 30, 2021 (Washington, D.C.) – Rep. Don Beyer (D-VA), who represents the largest number of federal employees of any member of the U.S. House of Representatives, today hailed passage of a Continuing Resolution to fund the federal government until December 3rd. The legislation passed both chambers of Congress today ahead of the expiration of government funding at midnight tonight,…

Chairman Beyer Testifies To Rules Committee About Need To Raise Debt Limit To Avoid Economy-Wrecking Default

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Tags: Economy

September 29, 2021 (Washington, D.C.) – Rep. Don Beyer (D-VA), who serves on the House Committee on Ways and Means and is Chairman of Congress’ Joint Economic Committee, testified earlier today before the House Rules Committee about the need to raise the federal debt limit. Beyer’s remarks as prepared follow below (remarks as delivered here). The Joint Economic Committee issued a new…

JEC Chairman Beyer on Debt Limit Obstructionism: Gambling with the full faith and credit of the United States is poor economic stewardship

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Tags: Economy

WASHINGTON, DC—The U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—released a new issue brief highlighting how defaulting on the federal debt would create a financial crisis on par with that of 2008, resulting in catastrophic economic damage with millions of jobs lost, businesses shuttered and a banking system in chaos. The debt limit allows the…