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Economy

Our economy is on the road to recovery, and workers are in the driver’s seat

| Posted in Opinion Pieces
Tags: Economy

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…

Senators Warren and King, Representative Beyer Announce Legislation To Prevent The Biggest And Most Profitable Corporations From Paying Nothing In Federal Taxes

| Posted in Press Releases
Tags: Economy

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…

JEC Chairman Beyer on Q2 GDP Growth

| Posted in Press Releases
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 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.  …

JEC Chairman Beyer on Q2 GDP Growth

| Posted in Press Releases
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 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…

Beyer Introduces New Legislation To Regulate Digital Assets

| Posted in Press Releases
Tags: Economy

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,…

Chairman Beyer Statement on First Payment of Expanded Child Tax Credit

| Posted in Press Releases

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…

Chairman Beyer Applauds Biden’s Executive Order on Promoting Competition in the American Economy: “A major step in the right direction”

| Posted in Press Releases

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…

Chairman Beyer Statement on June Jobs Report

| Posted in Press Releases

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…

House Passes Broad Infrastructure Legislation; Bill Includes Beyer Community Funding Requests, Wildlife Conservation Legislation, Suicide Prevention Amendment

| Posted in Press Releases

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…