America’s Economy Continues to Steam Ahead
‘American workers, job creators, and middle-class families are enjoying one of their best economic moments in a long time. And it is thanks in part to Republicans’ economic agenda, which is getting Washington’s foot off the brake. So I’m proud that this week’s appropriations bill will give American servicemembers a raise. And I’m also proud that our healthy economy is giving a raise to millions more Americans. And Republican policies are helping make it happen.’
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:
“Our servicemembers won’t be the only Americans who will be receiving well-deserved pay raises. As Republicans’ pro-opportunity agenda continues to take hold, our economy continues to steam ahead. And working families across the country are reaping the benefits. By now, we’re all familiar with the fact that millions of American workers have received special bonuses, wage increases, or other new benefits from their employers as a direct result of our nation’s new tax code.
“We’re talking about nationwide employers from AT&T to Wal-Mart. And local businesses from Glier’s Meats in my home state of Kentucky to Stricks Ag in Montana and New Hudson Facades in Pennsylvania. These are -- in some cases -- the multi-thousand-dollar bonuses that my friends the Democratic Leaders in the House and here in the Senate tried to shrug off as ‘crumbs.’ Maybe in New York or San Francisco. Not much of anywhere else. Remember, they persuaded every one of our Democratic colleagues to vote against tax cuts.
“Well, the Bureau of Labor Statistics recently found the Employment Cost Index -- that’s everything American employers spend on employee wages and benefits -- has increased 2.8 percent in the past 12 months alone. As CNBC reported, that’s the strongest year-on-year growth since the autumn of 2008. Let me say that again. By this measure, on Republicans’ watch, worker pay and benefits has already logged a faster 12-month growth rate than we ever achieved in all President Obama’s time in office.
“It’s yet another data point: American workers, job creators, and middle-class families are enjoying one of their best economic moments in a long time. And it is thanks in part to Republicans’ economic agenda, which is getting Washington’s foot off the brake. So I’m proud that this week’s appropriations bill will give American servicemembers a raise. And I’m also proud that our healthy economy is giving a raise to millions more Americans. And Republican policies are helping make it happen.”
Related Issues: Economy, Jobs, Taxes, Tax Reform
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