Economy

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… 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 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… Read more »

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… Read more »

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… Read more »

“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 »