JEC Chairman Beyer on President Biden’s Proposed Budget
Washington, March 28, 2022
Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement following the release of President Biden’s proposed budget for fiscal year 2023.
“A budget is an expression of priorities and values, and today, President Biden released a fiscally responsible budget that centers investments in workers and families to drive economic growth that is stronger, stable and more broadly shared.
“Rising inequality, persistent racial disparities and decades of public disinvestment left the United States more vulnerable to the effects of the pandemic. And even as we’ve seen more than 7.4 million jobs created and the fastest economic growth in nearly 40 years, brittle supply chains, corporate concentration and inflation—exacerbated by Putin’s invasion of Ukraine—are depriving workers of the full benefits of our economic recovery.
“Investments to reduce households’ biggest expenses and increase housing affordability, address climate change and bolster domestic manufacturing—all while bringing down the deficit by asking the very wealthy and big corporations to pay their fair share—put us on a path to building a stronger and more resilient America.
“I look forward to working with my colleagues in Congress to deliver on this vision of strong economic growth and shared prosperity.”