Economy

Rep. Don Beyer (D-VA), a member of the House Committee on Ways and Means Trade Subcommittee, today voted to approve the U.S.-Mexico-Canada (USMCA) trade agreement. Beyer explained his support during the Ways and Means markup of the legislative text of the agreement (remarks as prepared): BEYER: I would like to add my voice to those thanking the Chairman, the Speaker, Trade Subcommittee… Read more »

Elected Officials Visit Alexandria Businesses to Discuss Paid Family and Medical Leave By Vernon Miles - 12/16/2019 Three elected officials visited businesses across Alexandria as part of an effort to drum up support for a paid family and medical leave bill. Rep. Don Beyer, Del. Carroll Foy and State Sen. Jennifer Boysko — all Democrats — visited three businesses on Friday… Read more »

Rep. Don Beyer (D-VA), a member of the House Ways and Means Subcommittee on Trade, today issued the following statement upon the announcement that negotiators had reached an agreement in principle on the substance of the US-Mexico-Canada (USMCA) trade agreement: “The announcement of an agreement on USMCA is an important and positive step forward. “I thank Speaker Pelosi, Chairman Neal,… Read more »

House Democrats feeling the heat on ‘SALT’ cap rollback BY DOUG SWORD - 11/21/2019  It’s been almost a year since Democrats assumed control of the House, and they still haven’t touched the cap on state and local tax deductions imposed by the GOP Congress and President Donald Trump that disproportionately affect blue state districts. That’s starting to become a problem for the… Read more »

Originally published in USA Today.  We have all heard President Donald Trump crow about how his tax cuts have dramatically boosted our economy. But once you look past the very wealthy in our country, it’s apparent that the Republican tax law passed in 2017 has done very little for working Americans. Instead of being a boon for hiring and wages, the Trump plan has been a… Read more »

Rep. Don Beyer on Powell testimony and the millionaire surtax CNBC - 11/13/2019 Rep. Don Beyer (D-Va.) joins CNBC’s “The Exchange” team to discuss his questioning of Federal Reserve Jerome Powell and his thoughts on the testimony.   Watch the full interview here Read more »

Here are the 5 most important things Fed Chair Powell talked about on Capitol Hill BY JEFF COX - 11/13/2019 The politics of policy Powell also faced at least two occasions where members tried to pull him into commenting on political issues. Texas Republican Sen. Ted Cruz tried several ways to get Powell to comment on the tax plans of Democratic presidential hopefuls. “I’m… Read more »

Today, U.S. Senator Chris Van Hollen (D-Md.) and Congressman Don Beyer (D-Va.) introduced a new tax proposal to help close the gap between the wealthy and everyone else, and raise significant revenue to make new investments that will grow the economy and protect working families. Their “Millionaires Surtax” would apply an additional 10-percentage point tax to incomes above $2 million for… Read more »

Taxing The Top  BY BERNIE BECKER - 11/07/2019  A proposal Sen. Chris Van Hollen (D-Md.) and House Ways and Means member Don Beyer (D-Va.) are expected to unveil this morning would generate an estimated $635 billion in revenue over a decade, according to the Tax Policy Center, by tacking a 10 percentage-point surtax on all income exceeding… Read more »

Two Democrats come up with a new plan to tax income over $2 million BY YLAN MUI - 11/07/2019  Democrats are finding new ways to go after the wealthy. On Thursday, Sen. Chris Van Hollen of Maryland and Rep. Don Beyer of Virginia, both Democrats, released a plan for a new surtax on income over $2 million. “The millionaires surtax is a sensible plan to restore fairness… Read more »