Coats Statement on Anemic GDP Growth

WASHINGTON, D.C. — Senator Dan Coats (R-Ind.), the chairman the Joint Economic Committee, today issued the following statement regarding newly released Gross Domestic Product (GDP) estimates from the Bureau of Economic Analysis, which revealed economic output in the United States slowed to an annual rate of 0.7 percent for the first estimate of real GDP growth for the fourth quarter of 2015:

“This anemic growth is causing too many families to struggle. Stifling regulations and our broken tax code don’t give employers the confidence they need to reinvest in their businesses and expand their workforce – critical components of a growing economy. We must advance legislation that reduces regulation, enacts pro-growth tax reform and expands markets for American goods and services to provide opportunity for all Americans.”