WASHINGTON, D.C. — The RATE Coalition today issued the following statement after the Bureau of Economic Analysis (BEA) released its report on second quarter 2019 Gross Domestic Product (GDP):
“The U.S. economy is continuing its positive trajectory as we enter the second half of 2019, fueled in large part by pro-growth tax reform that is creating jobs, growing paychecks, and strengthening communities across the country. Today’s report shows that more Americans benefit when businesses and their workers get to keep more of their hard-earned money, rather than paying sky-high tax rates. With the U.S. in the midst of the longest economic expansion in history, it’s as important as ever for lawmakers to keep tax rates competitive.”
Note: The U.S. economy grew by 2.1% in the second quarter of 2019.