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Economy

Beyer Floor Remarks On Build Back Better Act

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Tags: Economy

November 18, 2021 (Washington, D.C.) – Rep. Don Beyer (D-VA), who serves as Chair of Congress’ Joint Economic Committee and as a member of the House Committee on Ways and Means, spoke this afternoon during House Floor debate on the Build Back Better Act. His remarks as delivered follow below [video with subtitles here]: “Mr. Speaker, I rise to urge my colleagues to support the Build…

House Passes Historic Infrastructure Legislation

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On the evening of November 5 the House of Representatives passed the Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Bill. Passage of this historic legislation containing the largest physical infrastructure investment in decades is a major win for the country, and will create large numbers of jobs and deliver significant improvements for communities…

JEC Chairman Beyer on October Jobs Report

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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 531,000 in October and the unemployment rate declined to 4.6%, a new pandemic-era low. The unemployment rate was 7.9% for Black workers, 5.9% for Hispanic workers…

Beyer Hails Build Back Better Framework

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Tags: Economy

October 29, 2021 (Washington, D.C.) – Rep. Don Beyer (D-VA), who serves as Chair of Congress’ Joint Economic Committee, issued the following statement on President Biden’s framework for the Build Back Better Act: “The climate provisions of the Build Back Better Act alone make it one of the most important pieces of legislation Congress will consider in our time. “That the President has…

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,…