Washington, D.C. – Today, House Ways and Means Committee Chairman Kevin Brady (R-TX) issued the following statement after the Bureau of Economic Analysis released its report on Gross Domestic Product (GDP) in the fourth quarter of 2017.

“This report underscores the steady progress our economy is making under President Trump’s leadership. With a new tax code built for growth, I’m confident our economy will continue to improve.

“2018 is already off to a promising start. Every day, American businesses big and small are announcing plans to hire more workers, increase paychecks, and invest in our communities. 

“As the benefits of tax reform continue to materialize, I look forward to working with President Trump on ways to further grow our economy and improve lives across the country.”

NOTE: Real GDP increased at an annual rate of 2.6 percent in the fourth quarter of 2017. Over the past year, real GDP grew by 2.3 percent.