[Congressional Record (Bound Edition), Volume 162 (2016), Part 4]
[House]
[Page 5278]
[From the U.S. Government Publishing Office, www.gpo.gov]




                   MORE BAD NEWS FOR THE U.S. ECONOMY

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. Mr. Speaker, today, the U.S. Department of Commerce 
announced that the gross domestic product, an important measure of our 
Nation's economic health, grew by a negligible 0.5 percent in the first 
quarter of 2016. It is the worst performance in 2 years and dismal news 
for the U.S. economy. During the last 3 months, consumer spending has 
slowed, business investment has plummeted, and exports have continued 
to decline.
  We need a stable and predictable Tax Code under which families and 
businesses are best able to plan for the future. It is also possible to 
relieve the regulatory burden on small businesses and other job 
creators while balancing environmental stewardship, public safety, and 
consumer interests.
  While our economy has been hampered by the progressive ideology of 
the current administration, my Republican colleagues and I will 
continue to pursue our agenda of economic growth so Americans can feel 
confident in their future.

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