Washington, D.C. – In a letter to the editor published in the Wall Street Journal, House Republican Leader Kevin McCarthy (CA-23) discussed the House Republicans’ pro-growth agenda, which would renew, restore, and rebuild the greatest economy Americans have experienced in a generation.
GOP Plan Would Help People, Boost Growth
Wall Street Journal
Republican Leader Kevin McCarthy
July 28, 2020
Your editorial “A Phase-Four Flop” (July 24) rightly argues that House Democrats’ $3 trillion special-interest feeding trough won’t help the economy recover but will do the opposite. As you point out, economic growth is the only way to overcome the economic disruption caused by COVID-19.
Our House Republican plan would renew, restore and rebuild the greatest economy Americans have experienced in a generation. It builds on the success of the tax cuts and the Trump administration’s deregulatory agenda from 2017. Likewise, it aims at bringing back critical manufacturing from China to the U.S. It focuses on four main pillars: creating and bringing home intellectual property by making it easier to fund research and development to drive domestic innovation, while ensuring intellectual property can be repatriated to the U.S. from overseas; ensuring that new investments to grow U.S. operations are expensed in the first year; providing new incentives to promote development in key fields like advanced manufacturing and medical production; and providing a healthy workplace tax credit and Health Savings Account flexibility to help get Americans back to work safely sooner.
The Republican plan is focused on the long-term challenges our country faces, as the Journal recently reported. It is pro-worker, pro-family and pro-growth, exactly what is needed today.
By passing the House Republican plan, we can return to the unprecedented peace and prosperity that Americans were enjoying earlier this year. Responding to the coronavirus crisis means making our country stronger, self-sustaining and more resilient for the future.