Press Release ● GOP Tax Law
For Immediate Release: 
June 28, 2018
Contact Info: 
Mariel Saez 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement on the revised GDP estimate for the first quarter of 2018 issued today by the Bureau of Economic Analysis:

“When Republicans passed their tax law, they promised that for the price of $1.8 trillion in new deficits and tax increases for millions of middle class families our nation would see unprecedented economic growth of ‘4%, 5%, or even 6%,’ as President Trump said. Today’s Bureau of Economic Analysis report shows this is yet another broken promise. In the first quarter after Republicans’ tax law came into effect, GDP growth fell to just 2%. 

“Americans see through this misleading rhetoric, and they aren’t buying Republicans’ trickle-down arguments. Democrats will continue to highlight the broken promises of this tax scam and its damaging effects on our economy and on the American people.”