3% GDP Growth Exceeds Expectations as Economic Confidence Soars

Jul 31, 2025 by AFP

Arlington, VA- After months of uncertainty over a potential historic tax hike, the certainty and eventual passage of the OBBBA have restored confidence for American families and businesses. This clear, predictable economic path — combined with the deregulatory agenda of the Trump administration — fueled 3% growth in Q2, showing that lower taxes and limited government can help unlock prosperity and reignite America’s economy.

AFP Tax Policy Fellow Patrick Fleenor issued the following statement:

“For too long, uncertainty over what could have been the largest tax hike in U.S. history held back economic growth. Businesses and families hesitated, unsure of what the future would hold. Thanks to the efforts of Congress and the Administration earlier this year, culminating in the passage of the OBBBA, much of that uncertainty has been lifted. Now, we’re seeing the benefits: the economy grew at a strong 3% rate in the second quarter, fueled by renewed confidence in a freer, more predictable economic environment. Lower taxes and limited government mean more opportunities and a brighter future for all Americans.”