Chairman Erik Paulsen, R-Minn., of the Joint Economic Committee issued the following statement cheering 4.1 percent growth in the economy and in personal disposable income as reported by the Bureau of Economic Analysis:

“America’s economy has taken off, growing at a 4.1 percent pace, thanks to a more competitive tax code and real regulatory reform.

"Also, revisions to last quarter’s GDP show the economy is even stronger than we thought. Especially important is how personal income continues to increase, with real disposable personal income up 2.6 percent in the last quarter, building on the growth of 4.4 percent in the first quarter of 2018. Clearly, Americans are seeing the benefit.

"We can sustain this momentum by moving towards Tax Reform 2.0 and empowering all Americans to invest and save in ways that will only strengthen our economy.”

Growth in personal disposable income demonstrates how American workers are benefiting from the growing economy. In an analysis released by Chairman Paulsen on Thursday, data show workers’ earnings have improved in the wake of the Tax Cuts and Jobs Act.