Dear Friend, This week we saw more encouraging news as the U.S. economy roared back from state and local lockdowns posting an unprecedented 33 percent expansion, the largest quarterly growth figure posted since 1947 when the U.S. began keeping track. This growth is a testament to the work ethic and ingenuity of Americans, and to the sound economic foundation of regulatory reform and low taxes put in place by President Trump. This is the second time that President Trump has led the country through economic difficulty since taking office – despite Speaker Pelosi holding up more than $130 billion in additional Paycheck Protection Program funds that could further assist struggling small businesses.

Dear Friend, This week we saw more encouraging economic news as new jobless claims dropped to their lowest level since the beginning of the pandemic and continuing unemployment claims dropped by more than 1 million. This is a testament to the resilience of the American economy which was the strongest in modern history – thanks to landmark tax and regulatory reforms – before the coronavirus pandemic that originated in China fanned out across the globe. It is great to see more Americans getting back to work.