Rep. Don Beyer (D-VA), Chair of Congress’ Joint Economic Committee and a member of the House Committee on Ways and Means, today testified before the House Rules Committee in support of the Inflation Reduction Act.
The Rules Committee markup began the process of advancing the bill for consideration on the House floor, which is expected to happen Friday.
Beyer’s remarks as prepared follow… Read more »
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) contracting 0.9%.
Visit the JEC’s Macroeconomic Dashboard to view the latest economic data.
“Today’s GDP figure shows our recovery from… Read more »
Congressmen Steve Cohen (TN-09) and Don Beyer (VA-08), after extensive consultation with the White House and Treasury Department officials, today introduced the Billionaire Minimum Income Tax Act, to ensure that the wealthiest Americans pay their fair share in taxes.
The bill would enact President Biden’s proposal to require households worth over $100 million to pay at least a 20 percent… Read more »
Today, U.S. Senators Catherine Cortez Masto (D-Nev.) and Maria Cantwell (D-Wash.) introduced bicameral legislation to provide the Federal Energy Regulatory Commission (FERC) with additional authority to protect consumers from the harm caused by traders that repeatedly manipulate electricity and natural gas markets. The Energy Consumer Protection Act is being introduced in the House of… Read more »
The JEC released a new report highlighting how the gun industry is profiting off of gun violence. This report, which makes the case that gun companies are locked in a dangerous “race to the bottom” in products and practices that is creating a cycle of violence, comes amid growing momentum to hold gunmakers accountable for the enormous toll of gun violence on our society and on our… Read more »
Today, Congressman Don Beyer (D-VA), Chair of the U.S. Congress Joint Economic Committee (JEC), delivered the following opening statement at a hearing entitled “The Economic Toll of Gun Violence: How Our Nation Bears the Costs.” Remarks are as prepared.
“It is abundantly clear that the United States is facing a gun violence crisis that is unique in its deadliness and… Read more »
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 reported the June Consumer Price Index increased 1.3% on a seasonally adjusted basis, up from 1.0% in May, which pushed prices up 9.1% from a year ago.
“June’s CPI report confirms what we have known, that prices are too… Read more »
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 372,000 in June and the unemployment rate was 3.6%. The unemployment rate was 5.8% for Black workers, 4.3% for Hispanic workers, 3.0% for Asian workers and 5.0%… Read more »
In honor of Pride Month, the JEC released a new report highlighting contributions the LGBTQ+ community makes to the U.S. economy and the barriers they face to economic security and stability. Americans who identify as LGBTQ+ represent a rising share of the U.S. population, but they face systemic discrimination and a growing wave of state legislation that restrict their rights, limit their… Read more »
Congressman Don Beyer (D-VA), Chair of the U.S. Congress Joint Economic Committee (JEC), released the annual response to the Economic Report of the President (the Report).
The JEC is required by law to submit findings and recommendations in response to the Report, which is prepared and released each year by the Council of Economic Advisers (CEA). This year’s Report was… Read more »
