Diaz-Balart: To Keep Economic Growth Momentum, We Need to Pass Tax Reform
WASHINGTON – Congressman Mario Diaz-Balart (FL-25), senior member of the House Budget and Appropriations Committees, spoke in support of the fiscal year 2018 Budget Resolution. The legislation, which has passed in both the House and Senate, opens the door for tax reform.
Click the image to watch the Congressman’s remarks.
As prepared for delivery:
“In our current fiscal environment, the CBO projects that the growth of our economy will be 2 percent or less for the next decade. I’m reminded of what a good friend and Democratic colleague in the Budget Committee said one day, that ‘3 percent growth that’s just a dream, that’s unrealistic.’ And yet, before the storms hit, what did we see as far as our economic growth in the country? 3.1 percent economic growth, something that one of our Democratic colleagues said was a pipe dream. And this is in large part because of the excessive regulations that have been curtailed by both the Administration and by Congress. But to keep that momentum, we need to pass tax reform. It will lead to a sustained, strong economy. It will lower the tax burden to our families. It will lead to increased wages for families, for the middle class, for individuals, for the first time in such a long time, allowing the American people to keep more of their hard-earned money. It will make small, medium, and large-sized businesses more competitive, so they can create millions of additional jobs here in the United States. This legislation will allow us to do real tax reform to get the economy going, to keep the economy growing, to get the American people working again. This is an essential part, so I would urge for everyone’s support.”