Washington, D.C. – Club for Growth’s President, David McIntosh, released the following statement regarding the Economic Report of the President:
“Today’s Economic Report of the President should give all Americans renewed confidence in the agenda that President Trump and Congressional Republicans passed in 2017 and 2018. The historic tax cuts combined with the unshackling of innovation through robust deregulation has, as President Trump said, ‘launched an unprecedented economic boom.’
“The U.S. economy grew by 3.1 percent from the 4th quarter of 2017 to the 4th quarter of 2018, which was the fastest GDP growth in 13 years.
“Make no mistake, we cannot allow the economic success we’re currently enjoying to be rolled back by Nancy Pelosi and Chuck Schumer. While their lies would lead you to believe President Trump’s agenda has done nothing for the American household, the proof is in the data. More than 2.6 million jobs were created in 2018, alone, and the U.S. economy experienced less than 4 percent unemployment for 12 months for the first time in 5 decades.
“The tax cuts are working! Real disposable personal income for families has increased by $2,300, and 6 million workers received an average bonus of $1,200.
“Though the progressive-socialist agenda gives ‘free’ government benefits to Americans, the Trump economic agenda is creating self-sufficiency and opportunity. The Trump economy has also lifted 5 million Americans off of food stamps, returning the dignity of work to so many that were trapped in poverty by Obama’s disastrous economic policies.
“We commend President Trump and will vehemently defend the policies that have finally put the U.S. economy back on track following the Great Recession.”