Originally published on Bloomberg.
President Joe Biden’s proposal to tax the unrealized gains of some of the richest Americans has taken legislative form with a new bill from two House Democrats.
The bill, which would affect 0.01% of US households and is intended to target wealth inequality, further establishes a once-fringe idea at the core of the party’s messaging on economic… Read more »
Originally published on Business Insider.
In the blink of an eye, Democrats are moving full force ahead with their agenda — and some want to throw a minimum tax on billionaires into the mix.
Reps. Don Beyer of Virginia and Steve Cohen of Tennessee are introducing legislation that would enact a targeted 20% income tax on households worth over $100 million. It's what the Democratic… Read more »
The JEC released a new report highlighting how the gun industry is profiting off of gun violence. This report, which makes the case that gun companies are locked in a dangerous “race to the bottom” in products and practices that is creating a cycle of violence, comes amid growing momentum to hold gunmakers accountable for the enormous toll of gun violence on our society and on our… Read more »
Today, Congressman Don Beyer (D-VA), Chair of the U.S. Congress Joint Economic Committee (JEC), delivered the following opening statement at a hearing entitled “The Economic Toll of Gun Violence: How Our Nation Bears the Costs.” Remarks are as prepared.
“It is abundantly clear that the United States is facing a gun violence crisis that is unique in its deadliness and… Read more »
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 June Consumer Price Index increased 1.3% on a seasonally adjusted basis, up from 1.0% in May, which pushed prices up 9.1% from a year ago.
“June’s CPI report confirms what we have known, that prices are too… 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 372,000 in June and the unemployment rate was 3.6%. The unemployment rate was 5.8% for Black workers, 4.3% for Hispanic workers, 3.0% for Asian workers and 5.0%… Read more »
In honor of Pride Month, the JEC released a new report highlighting contributions the LGBTQ+ community makes to the U.S. economy and the barriers they face to economic security and stability. Americans who identify as LGBTQ+ represent a rising share of the U.S. population, but they face systemic discrimination and a growing wave of state legislation that restrict their rights, limit their… Read more »
Congressman Don Beyer (D-VA), Chair of the U.S. Congress Joint Economic Committee (JEC), released the annual response to the Economic Report of the President (the Report).
The JEC is required by law to submit findings and recommendations in response to the Report, which is prepared and released each year by the Council of Economic Advisers (CEA). This year’s Report was… Read more »
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 May Consumer Price Index rose 1.0% on a seasonally adjusted basis, up from 0.3% in April.
“Prices remain far too high for U.S. workers and families, blunting Americans’ gains from a red-hot economy. Putin’s… 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 390,000 in May and the unemployment rate stayed the same at 3.6%. The unemployment rate was 6.2% for Black workers, 4.3% for Hispanic workers, 2.4% for Asian… Read more »
