On the recordJune 5, 2018
Mr. Speaker, this month, the Federal Reserve estimated GDP will hit 4.8 percent in the second quarter of 2018. Under the former administration, GDP never hit even 3 percent. Thanks to tax reform and regulatory relief passed by this unified Republican government, Americans are experiencing economic expansion after 8 years of stagnation. According to the Bureau of Labor Statistics: One million jobs have been created since the Tax Cuts and Jobs Act was enacted--223,000 were added last month; In May, average hourly earnings increased by 2.7 percent; and Unemployment is at its lowest since 2000. The Conference Board also reports consumer confidence is at a 17-year high. Democrats apparently haven't learned the key to economic progress, promising to raise taxes if given the chance. However, tax cuts and repeal of onerous Obama-era regulations have been pivotal for our economy. Now, nearly every measure of success is in our favor. The PROSPER Act is Good for Our Country
