Political Quotes

“Mr. President, there is no doubt that the last 8 years were not good ones for the American economy. Yearly economic growth under the Obama administration averaged just under 1.5 percent. That is less than half the growth needed for a healthy economy. That kind of weak growth has consequences: fewer jobs, fewer opportunities, and lower wages. Wage growth was almost nonexistent during the Obama administration, and new jobs and opportunities were few and far between. There have been a few encouraging signs since the election. Both wage and job growth have shown some improvement, but we are still a long way from getting our economy back to full health. The GDP report for the first quarter of this year underscored the need to implement the kind of progrowth policies that were lacking during the Obama years. One major way to spur economic growth and improve the health of our economy is to reform our Nation's Tax Code. Our current Tax Code is strangling businesses, both large and small. Our Nation has the highest corporate tax rate in the developed world, putting American businesses at a competitive disadvantage in the global economy. Small businesses and family farms face high tax rates, at times exceeding those paid by large corporations. These tax policies have consequences. A small company that owes a large tax bill to the Federal Government is unlikely to be able to come up with the capital necessary to expand the business or hire new workers.…”