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Economy

House Passes Bipartisan Legislation To Expand Child Tax Credit, Boost Affordable Housing

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Tags: Economy

Rep. Don Beyer (D-VA), Senior House Democrat on Congress’ Joint Economic Committee and a member of the House Ways and Means Tax Subcommittee, today voted for bipartisan legislation to expand the Child Tax Credit (CTC) and the Low-Income Housing Tax Credit (LIHTC), which the House of Representatives pass on an overwhelming bipartisan vote of 357-70. Beyer spoke during floor debate in…

Have You Heard The Good News?

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Tags: Economy

This morning’s shockingly excellent Bureau of Economic Analysis (BEA) advance estimate of GDP for the fourth quarter and year 2023 showed better-than-expected economic growth and two consecutive quarters of Personal Consumption Expenditures (PCE) inflation data at the Fed’s two percent target. This is just the latest in a string of terrific news showing strong growth in the American…

Beyer Backs Legislation To Expand Child Tax Credit, Boost Affordable Housing

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Tags: Economy

Rep. Don Beyer (D-VA), Senior House Democrat on Congress’ Joint Economic Committee and a member of the House Ways and Means Tax Subcommittee, today voted for bipartisan legislation to expand the Child Tax Credit (CTC) and the Low-Income Housing Tax Credit (LIHTC), which the Ways and Means Committee advanced on a vote of 40-3. Beyer said: “The bill we passed today includes an expansion…

Beyer Highlights Strong Economic Indicators Showing Solid Growth At The End Of 2023

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Tags: Economy

Rep. Don Beyer (D-VA), Senior House Democrat on Congress’ Joint Economic Committee, today highlighted a raft of strongly positive economic indicators showing solid, sustained growth heading into the end of 2023. Twelve headlines show the breadth of America’s economic strength heading into 2024: Wall Street Journal: Prices Fell in November for the First Time Since 2020. Inflation Is…

Congressmen Cohen and Beyer Reintroduce the Billionaire Minimum Income Tax Act

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Congressmen Steve Cohen (TN-9) and Don Beyer (VA-8) today reintroduced the Billionaire Minimum Income Tax Act with 60 of their Congressional colleagues. The measure would prevent the wealthiest Americans from escaping federal income taxes or paying lower tax rates than ordinary Americans. President Biden proposed it in this year’s budget and called for Congress to act in this year’s State…

Wyden, Bennet, Beyer Introduce Bicameral Bill to Overhaul Unemployment Insurance

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Tags: Economy

Senate Finance Committee Chair Ron Wyden, D-Ore., Senator Michael F. Bennet, D-Colo., and U.S. Representative Don Beyer, D-Va., today introduced legislation to update and expand unemployment insurance so that the program better meets the needs of the modern workforce and is ready to respond should America face a future recession. “The past few years have clearly shown that our…

Heeding Lawmakers’ Call, IRS Announces Direct File Pilot Program

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Tags: Economy

United States Senators Elizabeth Warren (D-Mass.) and Patty Murray (D-Wash.), Chair of the Senate Appropriations Committee, and Representatives Katie Porter (D-Calif.), Brad Sherman (D-Calif.), and Don Beyer (D-Va.) released the following statement on the announcement by the U.S. Department of Treasury and the Internal Revenue Service (IRS) of its 2024 pilot of Direct File, a program that…

Beyer Votes For Continuing Resolution

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Rep. Don Beyer (D-VA), who represents a Northern Virginia district containing one of the largest concentrations of federal employees in the U.S. House, issued the following statement today on legislation to fund the government until November 17, 2023: “I am relieved that Speaker McCarthy folded and finally allowed a bipartisan vote at the eleventh hour on legislation to stop Republicans’…

JEC Leaders on Impending Government Shutdown

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Today, Joint Economic Committee Chairman Martin Heinrich (D-NM) and JEC Senior House Democrat Rep. Don Beyer (VA-08) released the following statement as the federal government comes to the brink of a shutdown. Earlier this month, the Joint Economic Committee Democrats released a report highlighting the economic impacts of a government shutdown. Estimates show that the 2013 shutdown…

Kaine & Beyer Introduce Bill To Increase Transparency About Cost Of Police Misconduct

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Today, U.S. Senator Tim Kaine and U.S. Representative Don Beyer (D-VA-08) introduced the Cost of Police Misconduct Act, legislation to increase transparency and accountability about the costs of police misconduct. The bill would require federal, state, and local law enforcement agencies to report judgments and settlements related to police misconduct, including court fees and insurance…