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Ranking Member Mike Lee on Third Quarter GDP Report

WASHINGTON—Sen. Mike Lee (R-UT), Ranking Member of the Joint Economic Committee, released the following statement today on the third quarter GDP report issued by the U.S. Department of Commerce:

“Today’s disappointing real GDP growth of 2% underscores the fragility of the ongoing economic recovery. Rising prices, supply chain disruptions, a shortage of willing workers, and uncertainty around Democrats’ tax and spend proposals are all weighing heavily on America’s households and businesses.”

"Now is not the time to impose new taxes, regulations, mandates, or subsidies that would make work less attractive and weaken our recovery. Instead, we should unburden the communities that are the engine of our growth and remove the regulations and other government-imposed disincentives that stand in the way of America’s exceptional workers, innovators, and job creators.”

The Joint Economic Committee is Congress’s bicameral economic research center and home of the Social Capital Project, led by Ranking Member Mike Lee.

 

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