Washington, DC (March 26, 2020) – Today, the Bureau of Economic Analysis announced that the economy grew by 2.1 percent in the fourth quarter of 2019, unchanged from previous estimates.
“Today’s report is a fresh reminder that President Trump’s pro-growth policies were responsible for the best economy in 50 years and his successful track record should resume once we overcome the black swan event of the coronavirus. We are better positioned to weather this health emergency because of President Trump’s leadership in negotiating a bipartisan economic recovery package that is now working its way through Congress. Our small business owners and their employees know we are in a challenging time but they are optimistic that better days will be here soon. As lawmakers consider future additional measures, if needed, JCN will continue advocating for a targeted payroll tax cut – good through the end of the year – for businesses and employees with no more than a hundred workers and a long-term Main Street Recovery Act once the health emergency is over.”