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Economy

Beyer, Kaine Introduce Legislation to Address the Cost of Police Misconduct to Municipal Governments

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As the world knows by now, one of the officers who arrested George Floyd kneeled on his neck for 8 minutes and 46 seconds—killing him and any chance he had of proving his innocence. Not only did this one incident of police misconduct cost Floyd his life—an inhumane and incalculable cost—it will likely cost taxpayers where he lived millions of dollars. Yet cities and counties are not…

Beyer Joins Floor Debate As House Passes American Rescue Plan

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Rep. Don Beyer (D-VA), the expected incoming Chair of Congress’ Joint Economic Committee, delivered the following remarks on the House Floor this evening during debate on the American Rescue Plan Act: “Madam Speaker, we have a choice tonight. American children are hungry, the recovery is stalling, and a million new people file for unemployment every week. We can do our jobs: pass a…

House Ways And Means Committee Advances Ambitious COVID-19 Relief Legislation To Boost The Economy And Help American Families

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Rep. Don Beyer, a Member of the House Committee on Ways and Means who is also expected to serve as Chair of Congress’ Joint Economic Committee in the 117th Congress, issued the following statement today after the Ways and Means Committee advanced the portions of President Biden’s American Rescue Plan legislation under its jurisdiction: “Today we answered the call of the American people…

JEC Releases National and State-Level Data on the Economic Status of Black Americans

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This month is Black History Month, a time when we celebrate all that Black Americans have done to make our country a more perfect union. It is also a time when we reflect on the progress Black Americans have made—despite the scourge of systemic racism—and the challenges they continue to face. Economic inequality is but one of these challenges—one that the coronavirus pandemic has thrown…

Beyer on Q4 and 2020 GDP: “The Previous President Left Americans in A Lot of Pain”

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Today, Congressman Don Beyer (D-VA) released the following statement after the Bureau of Economic Analysis (BEA) reported its initial estimate of fourth quarter gross domestic product (GDP), showing that real GDP grew at an annual rate of 4.0%. Overall, real GDP decreased by 3.5% in 2020—the first year since 2009 that the U.S. experienced negative economic growth. “That our economy is…

Senior Members in Introduce Bill to Provide Comprehensive Paid Leave for Federal Workers

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Today, Committee on Oversight and Reform Chairwoman Carolyn B. Maloney, House Majority Leader Steny H. Hoyer, Committee on Armed Services Chairman Adam Smith, Committee on Appropriations Chairwoman Rosa DeLauro, Co-Chair of the Democratic Women’s Caucus Jackie Speier, Rep. Gerald E. Connolly, Rep. Don Beyer, and Congresswoman Eleanor Holmes Norton introduced The Comprehensive Paid Leave…

Beyer on Yellen Confirmation Vote: It’s Important to Have a "Crisis-Tested Trailblazer" Like Yellen Leading Treasury

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Tags: Economy

Today, Congressman Don Beyer (D-VA) released the following statement after the Senate voted (84 to 15) to confirm Janet Yellen as Treasury Secretary. Secretary Yellen previously served as Chair of the Federal Reserve and Chair of the Council of Economic Advisers (CEA). She is the first woman to serve as Treasury Secretary, and the first person to lead CEA, the Federal Reserve and…

Beyer on Biden's Economic Relief Plan: "Soon We Will Have a President Who Understands…that Rent and Food are Not Going to Trickle Down to Millions of Unemployed Americans"

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Today, Congressman Don Beyer (D-VA) released the following statement in response to President-elect Joe Biden's American Rescue Plan, a plan that will help the country recover and rebuild from the pandemic. "Watching Joe Biden speak last night about his robust relief plan was a breath of fresh air. "Soon we will have a president in the White House, and Democratic leaders…

Beyer, Blumenauer Release New Report on Why More Relief for Restaurants and Restaurant Workers Is Needed

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Today, Congressman Don Beyer (D-VA), Vice Chair of the U.S. Congress Joint Economic Committee during the 116th Congress, and Congressman Earl Blumenauer (D-OR), sponsor of key restaurant relief legislation, released a new report on the impact of the coronavirus on the restaurant industry—one of the industries hardest hit by the pandemic—and why more relief for restaurants and restaurant…

Game-Changer: Top House Democrats On Biden Support For Automatic Triggers

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Tags: Economy

Today Rep. Don Beyer (D-VA), incoming Chair of the Joint Economic Committee, and New Democrat Coalition (NDC) Chair Suzan DelBene (D-WA) and NDC Chair-Emeritus Reps. Derek Kilmer (D-WA), expressed their delight at President-elect Biden’s game-changing support for automatic stabilizers, tying unemployment benefits to pandemic and economic conditions. In the summer of 2020, Beyer and New…