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Economy

Beyer Votes to Keep the Government Open, Deliver Emergency Relief, Prevent Catastrophic Default

| Posted in Press Releases

Today, Rep. Don Beyer (D-VA) voted for critical legislation that would keep the federal government open, secure emergency funding to help communities devastated by natural disasters and help resettle Afghan refugees fleeing persecution and prevent a devastating debt default.  This bill is essential to ensuring that the government can continue to deliver essential services that…

Joint Economic Committee and Congressional Hispanic Caucus Release New Report, Highlights Contributions and Challenges of Hispanic Workers

| Posted in Press Releases
Tags: Economy

WASHINGTON, D.C. — To commemorate National Hispanic Heritage Month, which begins today and runs through October 15, 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 contributions of Hispanic workers to the U.S.…

Beyer: Build Back Better Act "Will Be The Single Most Important Piece Of Climate Legislation" We Have Ever Had The Chance To Pass

| Posted in Press Releases

September 14, 2021 (Washington, D.C.) – Rep. Don Beyer (D-VA), who serves on the House Committee on Ways and Means and is the Chair of Congress’ Joint Economic Committee, delivered opening remarks today on the third day of the Ways and Means Committee’s markup of the Build Back Better Act. Beyer’s remarks as prepared for delivery (video of remarks as delivered here): Thank you, Mr.…

As September Child Tax Credit Payments Go Out, New Joint Economic Committee Analysis Finds CTC Delivered $29.3 Million In Tax Cuts To VA-8 Families In August

| Posted in Press Releases
Tags: Economy

September 15, 2021 (Washington, D.C.) – Rep. Don Beyer (D-VA), the Chairman of Congress’ Joint Economic Committee (JEC), today released a new JEC report that found 78,000 Child Tax Credit (CTC) monthly tax cut payments were sent to families in Virginia’s 8th Congressional District in August, totaling $29.3 million in tax cuts for Northern Virginia families, benefitting 118,000…

House Ways And Means Committee Advances Build Back Better Act After Marathon Markup

| Posted in Press Releases
Tags: Economy

September 15, 2021 (Washington, D.C.) – Today the House Committee on Ways and Means voted to approve the sections of the Build Back Better Act within its jurisdiction, following a markup that ran for nearly 35 hours over four days. The Ways and Means subtitles of the bill, which has the largest portion of any House committee, include tax, climate, health, retirement, childcare, and paid…

Beyer Introduces Electric Vehicle Tax Incentive Legislation

| Posted in Press Releases

September 7, 2021 (Washington, D.C.) – Rep. Don Beyer (D-VA) today introduced the Green Vehicle Adoption Nationwide (VAN) Act, which would provide tax credits for the purchase of zero-emission commercial vehicles from work vans to heavy duty trucks. “The Green VAN Act would make a big dent in American emissions and help restore our leadership on the climate crisis,” said Rep. Beyer.…

Larson, DelBene, Beyer Introduce Bill to Spur Development of Clean Hydrogen

| Posted in Press Releases

Washington, D.C. - Today, Reps. John B. Larson (CT-01), Suzan DelBene (WA-01), and Donald Beyer (VA-08) introduced the Clean Hydrogen Production and Investment Tax Credit Act of 2021. This bill would spur the development of clean energy by providing a tax credit to companies that reduce carbon emissions by producing…

Chairman Beyer Statement on August Jobs Report

| Posted in Press Releases
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 235,000 in August and the unemployment rate was 5.2%. The unemployment rate was 8.8% for Black workers, 6.4% for Hispanic workers and 4.6% for Asian…

Statement from JEC Chairman Beyer on the House Approval of Budget Legislation

| Posted in Press Releases
Tags: Economy

Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), issued the following statement following the House adoption of legislation that included a measure approving S. Con. Res. 14, a continuing budget resolution: “Today’s House vote puts Congress one step closer to passing the Build Back Better Act, to put workers and families first. With…

Our economy is on the road to recovery, and workers are in the driver’s seat

| Posted in Opinion Pieces
Tags: Economy

Originally Published in The Hill If there is anything last week’s jobs report illustrates, it’s that our economy is on the right track. With 943,000 jobs added last month — the second consecutive month above 900,000 — the United States has regained 75 percent of the jobs lost from the pandemic, a testament to the Biden administration’s successful national vaccination campaign…