On the recordSeptember 25, 2018
Mr. President, America has always been a place of economic promise. Millions of people have come to this country in search of a better life for themselves and an even better life for their children, but in recent years this dream had started to dim. Under the Obama administration, our economy stagnated. Too many American families struggled. Worse, some economists were predicting that weak economic growth would be the new normal. Republicans disagree with that assessment. We didn't think the United States was doomed to a future of weak growth and diminished opportunity. We knew American workers and American businesses were as driven, creative, and innovative as ever. We also knew they were facing a lot of obstacles, including burdensome regulations and an outdated tax code that acted as a drag on economic growth. So instead of giving up on the economy, we decided we were going to get the economy going again by removing obstacles to economic growth and job creation. Over the past 21 months, that is exactly what we have done. We have removed burdensome regulations, and last December we passed a historic and comprehensive reform of our Tax Code. The Tax Code isn't necessarily the first thing people think of when they think of economic growth, but in actual fact, the Tax Code has a huge effect on our economy. A small business owner facing a huge tax bill is highly unlikely to be able to expand her business or hire a new employee.…
Source
govinfo.gov




