The Bureau of Economic Analysis of the U.S. Department of Commerce just released its report for the second quarter of 2018, showing a GDP growth of 4.1%.
That’s the best quarterly growth rate since the third quarter of 2014.
“90 percent of Americans received an immediate tax cut — an increase in after-tax income — with the passage of the Republican tax cuts,” said Grover Norquist, president of Americans for Tax Reform. “And now we see higher rates of growth kicking in for the entire country. More jobs, more opportunities, higher wages, and new businesses. America is back on its way thanks to the tax cuts.”
Not a single Democrat voted for the tax cuts.
“The Democrats who voted against the Republican tax cut voted against higher growth, more jobs, increasing standards of living and the American future,” said Norquist. “All taxpayers should remember this when they vote in November.”
The full BEA report is available here.
Click here to see a state-by-state breakdown of hundreds of examples of pay raises, 401(k) match increases, bonuses, expansions, and utility rate cuts where the Tax Cuts and Jobs Act was cited as a factor.