Washington – In advance of tonight’s highly anticipated State of the Union Address, ACCF President and CEO Mark Bloomfield issued the following statement:
“After years of sluggish growth, the United States economy is finally showing signs of life in the wake of tax reform passage. President Trump should be commended for his efforts in shepherding the first major overhaul of our tax system in over thirty years. It is critical, however, that the Trump Administration keep pursuing other policy goals that will continue to grow the economy, including infrastructure investment, regulatory improvement and free trade. Investing in infrastructure while expediting the permitting process will bring a boost to our economic bottom line and shovel-ready jobs to Americans. At the same time, the regulatory state has grown dramatically over the years and common sense reforms that lift the burdens on our economy will make the U.S. more competitive in the global marketplace. Finally, open and free trade will allow us to capitalize on the benefits of tax reform and other pro-growth policies. It’s important to keep in mind that 95% of the world’s consumers and 80% of the world’s purchasing power is located outside the United States. As such, we hope that tonight President Trump commits to modernizing – not scrapping – NAFTA. At the end of the day, embracing such worthy economic policies will be a winning combination for America.”
