America needs a growth agenda: pro-growth tax reform a right-sized government balanced regulation a sound dollar and more free trade says House economic leader
Texas Insider Report: WASHINGTON D.C. U.S. Congressman Kevin Brady of Texas the top House Republican on the Joint Economic Committee issued the following statement on the todays release by Bureau of Economic Analysis (BEA) that real GDP grew at annual rate of 2.2 during the fourth quarter of 2014 down 0.4 percentage point from the BEAs first estimate on January 30
th.
This is disappointing news. Last week the
Economic Report of the President touted that economic growth had accelerated to an average of 2.8 during 2013 and 2014. Today Americans found out that growth was much slower2.4 last year only slightly above the 2.3 average growth rate over the Obama recovery."
The U.S. economy is firmly stuck in second gear mired in the worst economic recovery in half a century. Without a real focus on growth more middle class families will see their paychecks remain flat while millions of college graduates search fruitlessly for a decent job."
Brady says America needs a growth agendapro-growth tax reform a right-sized government balanced regulation a sound dollar and more free trade.
Brady will be discussing this growth agenda with Council of Economic Advisers Chairman Jason Furman when he testifies before the Joint Economic Committee at 2:30 p.m. on Wednesday March 4.
Brady notes that the Obama recovery is still short $1.5 trillion in real GDP compared with the average of past recoveries over the last five decades.
