Job Creators Network Statement on GDP Upward Revision and Strong Durable Goods Orders

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to Thursday’s Q2 GDP upward revision to 3.8% and Durable Goods Orders, which increased by 2.9% vs estimates of -0.4%: 

“Thursday’s positive economic indicators demonstrate America’s small business backbone is strong and getting stronger. Economic growth in the second quarter was revised up to nearly 4%, and durable goods orders smashed expectations. These numbers reflect a robust underlying economy that is being powered by Republican tax cuts, including pro-growth provisions such as permanent 100% immediate expensing and the 20% small business deduction.

“New JCN polling shows that 9 in 10 small businesses plan to use their tax cuts to expand, hire, raise wages, or invest in their communities. Thursday’s economic indicators show that this expansion and investment have already begun and are paying dividends.”