Economy

“The latest report from the Intergovernmental Panel on Climate Change underscores the dire consequences of further delays on climate action. We now know that the climate crisis is both more severe and worsening more quickly than was understood just a few years ago. Across… Read more »

WASHINGTON, D.C. — Today, United States Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine), and United States Representative Don Beyer (D-Va.) announced bicameral legislation to ensure America’s largest corporations pay their fair share and prevent them from paying nothing in federal taxes. The Real Corporate Profits Tax Act of 2021 would create a fairer tax system and stronger… Read more »

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 second quarter gross domestic product (GDP) growth of 6.5% on an annualized basis.  Visit the JEC’s Macroeconomic Dashboard to view the latest economic data.  … Read more »

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 second quarter gross domestic product (GDP) growth of 6.5% on an annualized basis.   Visit the JEC’s Macroeconomic Dashboard to view the latest economic… Read more »

July 28, 2021 (Washington, D.C.) – Rep. Don Beyer (D-VA) today introduced the Digital Asset Market Structure and Investor Protection Act, legislation that would protect consumers and promote innovation by incorporating digital assets into existing financial regulatory structures. “Innovation in the digital asset sector is creating new goods and services every day as well as many new,… Read more »

Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement in response to today’s first monthly payment of the expanded Child Tax Credit (CTC): “The expansion of the Child Tax Credit, included in the American Rescue Plan Congress passed last spring, is the biggest investment in children and families in a generation… Read more »

Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement in response to President Biden’s Executive Order on Promoting Competition in the American Economy: “Over the last 30 years, the United States has experienced a rise and concentration of corporate market power that has… Read more »

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 850,000 in June and the unemployment rate remained statistically unchanged at 5.9 percent. The number… Read more »

The House today passed the Investing in a New Vision for the Environment and Surface Transportation [INVEST] in America Act, ambitious surface transportation legislation that would pave the way to rebuilding America’s infrastructure. The bill contained top priorities for Northern Virginia and legislative measures sponsored by Rep. Don Beyer (D-VA), including: All of Beyer’s… Read more »

Late last week, the House Committee on Transportation and Infrastructure completed a marathon markup of the Investing in a New Vision for the Environment and Surface Transportation [INVEST] in America Act. The legislation, which House Majority Leader Steny Hoyer subsequently indicated will receive a floor vote in the House during the final week of June, included all four of Rep. Don… Read more »