Economy

Originally published in: Patch Affordable housing, crime prevention and electric bus infrastructure were among the City of Alexandria initiatives receiving state and federal funding this week. Federal funding comes from the appropriation package the U.S. House passed. The package is expected to pass the Senate as well. Rep. Don Beyer (D-Alexandria) requested federal funding for projects… Read more »

Originally published in: ALX Now Alexandria is getting $3.5 million in federal funds to pay for public safety, transit, affordable housing and flooding infrastructure projects, Northern Virginia Congressman Don Beyer (D-8th) announced today. “Even in the minority amid a divided and chaotic Congress, I am laser focused on helping my constituents and benefitting Northern Virginia,” Beyer… Read more »

Today, U.S. Senator Bob Casey (D-PA) and U.S. Representative Don Beyer (D-VA) led a bicameral delegation with Senate Finance Committee Chairman Ron Wyden (D-OR), Senate Majority Leader Chuck Schumer (D-NY), and Representatives Joyce Beatty (D-OH) and Suzan DelBene (D-WA) in introducing the 401Kids Savings Act. The new bill would create children’s savings accounts (CSAs) for every single… Read more »

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… Read more »

Originally published in: CNBC Building wealth may feel like a struggle for today’s younger generations who grapple with student loan balances and high home prices. Now, a new bill introduced in Congress aims to make it so wealth creation starts from birth. The proposal, called the 401Kids Savings Act, is led by Democratic Sens. Bob Casey of Pennsylvania, Chuck Schumer of… Read more »

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… Read more »

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… Read more »

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… Read more »

Originally published in Federal Times.  Lawmakers are looking to expand access to leave benefits for service members who transition to the federal workforce in the 2024 defense bill. The latest version of the National Defense Authorization Act, which is expected to pass through the House and Senate this week, includes a provision that would recognize previous military service in… Read more »

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… Read more »