Average tax refunds down double-digits, IRS data shows
Trump Jr. falsely claims that GDP growth never passed 2 percent under Obama
Donald Trump Jr. falsely claimed that quarterly gross domestic product (GDP) growth never passed 2 percent under former President Obama - even though it did 15 times.
"Incredible numbers," the president's eldest son tweeted on Friday following the announcement of the strongest quarterly GDP growth in nearly four years. "I remember when 'the experts' laughed about breaking 3%. Just because Obama never broke 2% doesn't mean that someone with great policies can't. Let's keep this going."
There were 15 quarters during Obama's administration when GDP growth surpassed 2 percent, The Week noted on Friday.
There were eight quarters of growth of at least 3 percent, including three of 4 percent or better.
The highest GDP growth of Obama's presidency was during the third quarter of 2014, when it hit 5.2 percent.
President Trump credited his tax and regulatory policies for the solid numbers during a White House speech on Friday.
The president said the country is growing "at the amazing rate" and that "we're on track to hit the highest annual average growth rate in over 13 years."