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Economy

JEC: Local Economies Stand to Lose More than $12 Billion Due to Early Cancellation of Enhanced Unemployment Benefits

| Posted in Press Releases

Today, the U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—released an issue brief finding that the cancellation of the enhanced Unemployment Insurance (UI) provisions included in the CARES Act could cost local economies across the country more than $12 billion.  “The enhanced Unemployment Insurance…

Chairman Beyer Statement on President Biden’s FY22 Budget Proposal

| 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 FY22 budget proposal:    “President Biden’s budget provides a clear blueprint for building a more equitable economy in the wake of the global pandemic. The Administration’s plan, as outlined in the budget, would…

CNBC -- Police misconduct can be deadly. It also costs taxpayers millions every year.

| Posted in Opinion Pieces

Originally Published At CNBC There’s the human cost of police misconduct. Unarmed Black Americans are killed by police officers with appalling frequency. For young Black men, police violence is one of the leading causes of death.  A year ago, former Minneapolis police officer Derek Chauvin kneeled on the neck of George Floyd for more than 9 minutes, murdering him.…

Reps. Suozzi, Horsford, Beyer, Schneider, Moore Introduce Legislation to Help Disadvantaged Populations get Back to Work

| Posted in Press Releases

Today, Representatives Tom Suozzi (D-NY), Steven Horsford (D-NV), Don Beyer (D-VA), Brad Schneider (D-IL), and Gwen Moore (D-WI) introduced legislation that would increase the amount of the Work Opportunity Tax Credit (WOTC) to help disadvantaged groups who have been hardest hit by the COVID-19 pandemic. Occupations hit the hardest with prolonged unemployment during the COVID-19 pandemic…

Child Tax Credits Will Reach American Families Soon

| Posted in Press Releases

Rep. Don Beyer (D-VA) today announced that over 100,000 children living in his Northern Virginia district would benefit from the expanded and improved Child Tax Credit, including an estimated 7,500 who will be lifted out of poverty, according to estimates compiled by the House Appropriations Committee. The Child Tax Credit is a fully refundable benefit enhanced by Congress as part of the…

Reps. Porter, Pressley, and Beyer Introduce Bill to Strike Single Parent Penalty from Tax

| Posted in Press Releases

Congresswoman Katie Porter (CA-45) today introduced legislation to make it easier for families headed by single parents to get help from the expanded child tax credit. The Single Parent Penalty Elimination Act, which is co-led by Congresswoman Ayanna Pressley (MA-07) and Congressman Don Beyer (VA-08), would change the income threshold for Americans filing as heads of household—the status…

New Bill Aims to Abolish Tax Penalties Against Single Parents and Make it Easier to Claim the $3,000 Child Tax Credit

| Posted in Articles
Tags: Economy

Originally published in: CNBC Three progressive Democrats introduced a bill in the House on Thursday that would make it easier for single parents to claim all the benefits of the new $3,000 child tax credit.  Reps. Katie Porter, D-Calif., Ayanna Pressley, D-Mass., and Don Beyer, D-Va., introduced the Single Parent Penalty Elimination Act, which would change the tax…

Relief Now Available For Northern Virginia Restaurants

| Posted in Press Releases
Tags: Economy

Rep. Don Beyer (D-VA) today encouraged local restaurant owners to take advantage of a new relief program, the Restaurant Revitalization Fund, enacted under the American Rescue Plan. Beyer serves on the House Committee on Ways and Means, which drafted much of the legislation. The Small Business Administration is now accepting applications for direct relief through the Restaurant Relief…

Ways And Means Advances Bipartisan Charitable Giving Legislation

| Posted in Press Releases
Tags: Economy

The House Ways and Means Committee today marked up a bipartisan legislative package, the Securing A Strong Retirement Act, which would help more Americans save for retirement. The bill was amended to include the text of the Legacy IRA Act, bipartisan legislation introduced by Reps. Don Beyer (D-VA) and Mike Kelly (R-PA), which would encourage charitable giving by American seniors. The…

Chairman Beyer on Biden “American Families Plan”: Investing in America Means Investing in American Families

| 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 “American Families Plan,” the second of a two-part package of investments intended to help the nation build back better. The first package released at the end of March was focused on infrastructure. “President Biden…