On the recordAugust 1, 2017
Mr. President, when polls ask Americans what issues are most important to them, one topic seems to score high every time: jobs and the economy. It is not surprising. The American people have had a rough time over the past few years. The Obama years were characterized by long-term economic stagnation. Jobs and opportunities were few and far between. Wage growth was almost nonexistent, and yearly economic growth alternated between weak and woeful. During the last year of the Obama administration--years, I might add, after the recession ended--economic growth averaged a dismal 1.5 percent. That is barely half of the growth needed for a healthy economy. There have been some encouraging signs over the past few months. Economic growth for the second quarter of 2017 was stronger. We still have a way to go to get to where we need to be. Things still need to get better and better faster. Another thing is, we want things to get better for the long term. During the Obama administration, there were periods of reasonable economic growth, but they were quickly followed by weak periods. That is not good enough. We need to put our economy on a strong, healthy footing for the long term. How do we do this? How do we get back on the path to long-term economic health? One important thing we can do is reform our outdated, inefficient, and growth-stifling Tax Code.…





