Today, the U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—will hold a remote hearing titled “A Second Gilded Age: How Concentrated Corporate Power Undermines Shared Prosperity.” This hearing will examine the rise and concentration of corporate market power in the United States and how it harms consumers, workers and small businesses.
Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement in response to President Biden’s Executive Order on Promoting Competition in the American Economy:
Jul 02 2021
Chairman Beyer Statement on June Jobs Report
“Jobs report underscores the significant progress we are making”
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 850,000 in June and the unemployment rate remained statistically unchanged at 5.9 percent. The number of people who reported that they weren't looking for work because of COVID fears declined by one million. The unemployment rate was 9.2 percent for Black workers and 7.4 percent for Hispanic workers.
Today, the U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—will hold a remote hearing titled “The Gender Wage Gap: Breaking Through Stalled Progress.” The hearing will explore how the gender wage gap is a systemic issue in the United States that deserves a comprehensive public policy solution.
Jun 04 2021
Chairman Beyer Statement on May Jobs Report
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 559,000 in May and the unemployment rate was 5.8%—dipping below 6% for the first time since the peak of the pandemic. The unemployment rate was 9.1% for Black workers and 7.3% for Hispanic workers.
Today, the U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—released an issue brief finding that the cancellation of the enhanced Unemployment Insurance (UI) provisions included in the CARES Act could cost local economies across the country more than $12 billion.
Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement in response to President Biden’s FY22 budget proposal:
May 13 2021
Chairman Beyer on FY2022 Budget: Empirics Should Outweigh Hypotheticals
“The physical and human infrastructure investments that the Biden Administration wants to make are the right investments at the right time, and we have the spending capacity to make them.”
On Friday, May 7, in a letter to House Budget Committee Chairman John Yarmuth, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), made the case for why the FY2022 budget should make investments in physical and human infrastructure despite warnings from deficit hawks that the United States doesn’t have the spending capacity to do so.
Today, the U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—will hold a remote hearing titled “Examining the Racial Wealth Gap in the United States,” which explores how decades of federal policy—slavery, the Homestead Act, redlining, the Federal Aid Highway Act, exclusionary zoning, among others—created the racial wealth gap and why action is needed to improve access to wealth and capital.
The United States invests less in infrastructure than its peers and substantially less than it used to. As result, the nation’s physical infrastructure is in a state of disrepair—and also “dangerously overstretched”—with a funding gap of $2 trillion. This hurts American workers and businesses, and the United States’ ability to compete globally—a reality that the pandemic made even more clear.
Today, ahead of President Biden’s meetings this week with Democrats and Republicans on infrastructure, the U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—released a report that explores why big, bold investments in the United States’ physical and human infrastructure are important for future economic growth.
Today, ahead of President Biden’s meetings this week with Democrats and Republicans on infrastructure, the U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—released a report that explores why big, bold investments in the United States’ physical and human infrastructure are important for future economic growth.
