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.
May 07 2021
Chairman Beyer on April Jobs Report: Progress is Being Made, But We Have A Long Way To Go
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 first quarter gross domestic product (GDP), showing that real GDP grew at an annual rate of 6.4%.
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 “American Families Plan,” the second of a two-part package of investments intended to help the nation build back better. The first package released at the end of March was focused on infrastructure.
Today, the U.S. Congress Joint Economic Committee (JEC) welcomed its new Executive Director Tamara L. Fucile. Fucile brings over two decades of policy, budget and management experience to the role.
Prior to joining the JEC, Fucile was a Senior Counselor at the Center on Budget and Policy Priorities where she led the Center’s federal policy work, including its work to shape policies and programs in response to the economic impact of the coronavirus.
Prior to joining the JEC, Fucile was a Senior Counselor at the Center on Budget and Policy Priorities where she led the Center’s federal policy work, including its work to shape policies and programs in response to the economic impact of the coronavirus.
Today, the Congressional Hispanic Caucus (CHC), led by Congressman Raul Ruiz, M.D. (D-CA), and the U.S. Congress Joint Economic Committee (JEC), led by Congressman Don Beyer (D-VA), released a new report that explores why immigrants are vital to the U.S. economy—both now (i.e. economic recovery) and in the future (i.e. economic growth)—despite being among the hardest hit by the health and economic effects of the coronavirus.
If the United States continues its progress on vaccinating Americans against the coronavirus—a recent average of 3 million doses per day—then it will likely experience strong economic growth in 2021. (As much as 8 percent GDP growth according to one estimate.) But there are a number of factors that could threaten this recovery—new variants, anti-vaccine sentiment, low vaccine demand, lack of access to vaccines, disparate vaccination rates across different populations, the relaxing of mask and physical distancing guidelines and fatigue with these guidelines, and the inequitable distribution of vaccines among high-, middle- and low-income countries.