Washington, D.C.—Today, the Job Creators Network (JCN) highlights the reported third quarter GDP growth. The GDP increased by 3 percent—which is higher than the expected 2.5 percent. The superior performance–despite disruptions from recent hurricanes–is likely due to the efforts by the Trump Administration to walk back burdensome regulations that hamper job creation, wage growth, and economic expansion. If current efforts to achieve small business tax cuts are successful, GDP growth will accelerate even further.
Alfredo Ortiz, President and CEO of the Job Creators Network, released the following statement:
Today’s strong GDP growth numbers reaffirm that the administration’s efforts to remove burdensome regulations from the backs of small business owners is the correct policy path to pursue. Allowing small businesses to operate more freely without unreasonable government interventions and policies improve their ability to strengthen Main Streets across the country, as well as the economy at large. Current efforts to pass tax cuts for small businesses and hardworking American taxpayers will have a similar effect—allowing business owners to use more of their resources to hire new people, raise wages, and expand the economy further.