Workers, Middle-Class Families Benefiting from Healthy American Economy
‘Analysts also point to the business side of tax reform, which is letting more U.S. employers expand and hire. That means more jobs for American workers. Which means more income for American families. Which means more money in the cash registers of American small businesses. And the virtuous circle goes on. The American people, and most fair observers, are marveling at what our economy is delivering to workers and middle-class families.’
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:
“It’s been a year and a half since these Republican majorities took their seats in Congress and a Republican president was sworn in. In 2016, the American people made it clear that it was time to try something new. They were tired of a so-called ‘recovery’ that focused overwhelmingly on big, wealthy metropolitan areas.
“They had seen enough of tax hikes and top-down regulations that held their communities back. They turned to Republicans to deliver a pro-growth, pro-opportunity agenda. To create better conditions for working families, job creators, and entrepreneurs to rise together. Eighteen months later, the results couldn’t be clearer.
“Today, more people say it’s a good time to find a job than at almost any point since the turn of the millenium. U.S. manufacturers are more confident than ever about the future of their businesses. Here’s a story from yesterday’s Financial Times: U.S. retail sales rise for fifth straight month in June.
“This is a good sign for Americans across the board. It shows our economy is healthy. It shows that families feel they have enough breathing room to make purchases, which of course then benefits the companies and workers who produce what they’re buying. And, of course, it’s especially good for the nearly 42 million Americans whose jobs are supported by the retail industry. According to industry data, as many as 6 in 10 Americans work in retail at some point in their career.
“So this continued prosperity is really significant. There’s little question that tax reform is to thank for a significant portion of this progress. For one thing, our middle-class tax cuts are directly boosting families’ discretionary income. As the Wall Street Journal reported this week, quote, ‘Many households are experiencing less withholding from their paychecks thanks to the tax overhaul.’
“Analysts also point to the business side of tax reform, which is letting more U.S. employers expand and hire. That means more jobs for American workers. Which means more income for American families. Which means more money in the cash registers of American small businesses. And the virtuous circle goes on. The American people, and most fair observers, are marveling at what our economy is delivering to workers and middle-class families.
“But I’m starting to think my Democratic colleagues may have forgotten what a successful economic agenda looks like. Because even in the face of headline after headline -- and testimony after testimony from the families and job creators we represent -- they try to brush off this impressive growth as nothing serious. And they advocate for repealing or undoing the Republican policies that are helping make it happen. Fortunately, Republicans know full well how to cut taxes, trim back regulations, and get Washington D.C. out of the American people’s way. It’s just what we’ve done. It’s just what we’ll continue to do.”
Related Issues: Middle Class, Economy, Taxes, Tax Reform, Jobs