OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

More Bad News for the U.S. Economy

Floor Speech

Date: April 28, 2016
Location: Washington, DC
Issues: Economy and Fiscal

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Ms. FOXX. Mr. Speaker, today, the U.S. Department of Commerce announced that the gross domestic product, an important measure of our Nation's economic health, grew by a negligible 0.5 percent in the first quarter of 2016. It is the worst performance in 2 years and dismal news for the U.S. economy. During the last 3 months, consumer spending has slowed, business investment has plummeted, and exports have continued to decline.

We need a stable and predictable Tax Code under which families and businesses are best able to plan for the future. It is also possible to relieve the regulatory burden on small businesses and other job creators while balancing environmental stewardship, public safety, and consumer interests.

While our economy has been hampered by the progressive ideology of the current administration, my Republican colleagues and I will continue to pursue our agenda of economic growth so Americans can feel confident in their future.

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