WASHINGTON, D.C. — The RATE Coalition today released the following statement after the Bureau of Economic Analysis (BEA) released its report on first quarter 2019 Gross Domestic Product (GDP):

“On the heels of a strong 2018, the U.S. economy started 2019 off by continuing to smash expectations. Buoyed by pro-growth tax cuts, American families and job creators have the confidence — and the funds — to make much-needed investments. As wages rise, consumers are spending more and driving up demand for U.S. goods and services — a recipe for economic success. To keep our economy firing on all cylinders, policymakers must keep tax rates and regulatory burdens low for all Americans.”

Note: The U.S. economy grew by 3.2% in the first quarter of 2019.