Economy Is Growing At A Rate Not Seen In Years

Daily Caller News Foundation logo
Robert Donachie Capitol Hill and Health Care Reporter
Font Size:

The U.S. economy grew at a 3.2 percent annual rate in the third quarter of 2017, posting the best back-to-back quarterly growth rates in three years.

The Commerce Department originally projected real GDP to grow at a marginally higher rate of 3.3 percent off expectations that consumers would spend more money. While the economy’s third quarter growth figures fall slightly short of predictions, it is still up from 3.1 percent growth in the second quarter.

Some are predicting continued growth in the fourth quarter, anticipating steady market growth following the passage of Republican’s tax reform proposal.

The president and GOP leadership in Congress spent the entirety of 2017 telling the American people that if they could secure tax reform, domestic business and taxpayers would see some immediate benefits.

Republicans were able to make good on that promise Wednesday, passing the most extensive rewrite of the personal and corporate tax codes in more than 30 years.


American businesses responded almost immediately in what appeared to be a synchronized series of announcements about reinvesting in their employees and the nation.

AT&T announced Wednesday that it will provide “$1,000 bonus to more than 200,000 AT&T U.S. employees” and “invest an additional $1 billion in the United States in 2018.”

Comcast shortly followed suit, pledging $1,000 bonuses to hundreds of thousands of employees and $50 billion reinvestment in the U.S.

Boeing promises to put $300 million into reinvestment and charitable giving.

Follow Robert Donachie on Twitter

Send tips to

The Daily Caller News Foundation is working hard to balance out the biased American media. For as little as $3, you can help us. Freedom of speech isn’t free. Make a one-time donation to support the quality, independent journalism of TheDCNF. We’re not dependent on commercial or political support and we do not accept any government funding.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact