On the recordMay 2, 2017
Mr. President, the past 8 years have been tough on Americans. Despite the fact that the recession officially ended in June of 2009, the economy never really rebounded. President Obama presided over the weakest economic recovery in 60 years. His Presidency was characterized by poor economic growth, a dearth of jobs and opportunities, and almost nonexistent wage increases. In 2016, the economy grew at a dismal 1.6 percent, far below the level of growth displayed by a healthy economy. Typically 3 to 3\1/2\ percent is the average, going back to World War II. The GDP report for the first quarter of this year underscored the need to implement the kind of pro-growth policies that were lacking during the Obama years. Republicans in Congress and the White House have already acted to repeal a number of burdensome Obama regulations that were foisted onto the American people near the end of his Presidency. We plan to keep up our efforts. Getting rid of unnecessary regulations will go a long way toward freeing up businesses to grow and create jobs and put more money in Americans pockets. Of course, repealing burdensome regulations is just one of the things we need to get our economy healthy again. Fixing our broken Tax Code is another. As a member of the tax-writing Senate Finance Committee, I will be introducing tax reform legislation in the near future, targeted primarily for Main Street businesses that pay taxes at the individual rate.…





