08.01.18

Middle Class Families, Small Businesses Continue to Benefit from Republican Agenda

‘From Main Street businesses to manufacturers, job creators are faced with heightened demand. That means more Americans can come off the sidelines and find a quality job. And that means that businesses compete to hire and retain workers. Every week -- practically every day -- yields more impressive headlines. More testimony from middle-class families and small businesses about how this economy has improved their lives.’

WASHINGTON, D.C.  U.S. Senate Majority Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding the benefits Americans continue to see from the Republican pro-opportunity, pro-worker agenda:

‘The U.S. economy continues to receive a lot of attention. In June, from the New York Times: ‘New milestones in jobs report signal a bustling economy.’ In July: ‘Sales of small businesses are going through the roof.’ And just yesterday, in the Wall Street Journal: ‘U.S. workers get biggest pay increase in nearly a decade.’

“Let’s explore that last headline. According to data from the Department of Labor, employee compensation grew by 2.8% over the past twelve months. That’s the fastest employers have increased what they spend on employee pay and benefits in any 12-month period since the one that ended in September 2008. Given what we know about the labor market, this is hardly surprising.

“From Main Street businesses to manufacturers, job creators are faced with heightened demand.  That means more Americans can come off the sidelines and find a quality job. And that means that businesses compete to hire and retain workers. Every week -- practically every day -- yields more impressive headlines. More testimony from middle-class families and small businesses about how this economy has improved their lives.

“It’s been little more than seven months since a united Republican government passed historic tax reform.  And it’s been about as long since the House Democratic leader predicted our policies would bring about -- quote -- ‘Armageddon.’ About seven months since my friend the Democratic Leader here in the Senate predicted that no part of tax reform would turn out to suit the needs of the American worker -- none of it.

“But Republicans saw past the scare tactics and did what we knew to be right. We pursued a pro-growth agenda to get Washington’s foot off the brakes that were restraining job creators. Take Washington’s hand out of the pockets of working families. And help create the conditions for communities across the country to succeed. Any one of these goals could have been a bipartisan priority, just like all the other good work I’ve discussed this morning.

“Tax reform historically has been bipartisan. But this time, our colleagues listened to the far left and decided to stand in complete partisan opposition to letting Americans keep more of their own money. Now the American people are reaping the benefits of a pro-growth, pro-opportunity agenda. Now they see whose policies benefit them.”

Related Issues: Middle Class, Small Business, Taxes, Economy