Leader McCarthy: House Democrats Are Dead Set on Erasing Economic Gains

The Daily Signal | 7/17/2019 | Staff
samtetley (Posted by) Level 3
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Kevin McCarthy is the Republican leader of the U.S. House of Representatives.

Over the last 18 months, the American economy has grown at a record-breaking rate, and the results have had a far-reaching positive impact on communities nationwide.

January - Jobs - Help - Tax - Reform

Since January 2017, 5.6 million jobs have been created with the help of Republican-led tax reform, deregulation, and other pro-growth reforms. The unemployment rate is near a 50-year low with 224,000 jobs added to the economy last month, surpassing economists’ expectations.

At the same time, wages have risen over 3% for an astounding 11 consecutive months. Even The New York Times has admitted that wage growth is in a “higher gear” and is “going to those who need it most.”

Nation - Midst - Economy - Generation

Our nation is in the midst of enjoying the best economy we have seen in a generation.

These results did not occur by accident. They transpired because policymakers made an intentional choice to allow free enterprise to flourish and remove unnecessary burdens on families and businesses.

Progress - Congress - Economy - Bubble - Washington

But our economic progress can, and will, be overturned if Congress tries to control the economy from within its bubble in Washington, D.C., as Democrats are attempting to do today.

Their latest Washington-centric proposal is the Raise the Wage Act, legislation that would artificially raise the federal minimum wage to $15 an hour—over twice its current amount.

Bill - Attempt - Democrats - Policy - People

This bill is another misguided attempt by Democrats to impose one-size-fits-all policy on the American people. It is backward-looking and proves that Democrats are dead-set on erasing the progress our economy has made since President Donald Trump took office.

The nonpartisan Congressional Budget Office recently released a study that indicates a $15 minimum wage could result in jobs lost and hurt the very people Democrats claim to want to help.

Study - Minimum - Wage - Loss

According to the study, a $15 minimum wage could lead to the loss of as many as 3.7 million...
(Excerpt) Read more at: The Daily Signal
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