Hoyer Statement on GDP for Second Quarter 2012

For Immediate Release:

July 27, 2012

Contact:

Katie Grant, 202-225-3130

WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today on the estimate of GDP for the second quarter of 2012:

“This morning’s report from the Bureau of Economic Analysis that our GDP growth slowed to a 1.5% rate last quarter shows the need for Congress to act to get our economy moving in the right direction. But instead of passing comprehensive jobs legislation or middle class tax relief, House Republicans have wasted time this year on partisan, political message bills.

“I hope House Republicans will drop their obstruction and pass the Senate middle class tax cut bill immediately to ensure 98% of families and 97% of small businesses do not see a tax increase next year. House Republicans should stop holding middle class tax cuts hostage in their drive to protect tax breaks for the wealthiest at all costs. Congress must then summon the courage to pass a big, bold and balanced deficit reduction plan to keep our country from going off a fiscal cliff and restore confidence.

“House Democrats will also continue to call on Republicans to bring bills from our Make It In America jobs plan to the Floor, so that we can strengthen domestic manufacturing and make investments in education, innovation, and infrastructure to create jobs here. It is past time for Republicans to work with us to grow the economy and add jobs.” 

###
Posted in