Our Thriving Economy

OUR THRIVING ECONOMY -- (House of Representatives - May 11, 2006)

(Ms. FOXX asked and was given permission to address the House for 1 minute.)

Ms. FOXX. Mr. Speaker, yesterday, House Republicans took action to block tax increases on working families, seniors and small businesses by voting to pass the Tax Increase Prevention and Reconciliation Act of 2005. It was an honor to join my colleagues in working to help every American family keep more of their hard-earned money. After all, Republicans know that individual households know how to spend their own money much better than the Federal Government does.

Tax relief, along with other pro-growth policies, is helping the U.S. economy grow at a fiery pace. Recently, the U.S. Department of Commerce reported that the U.S. gross domestic product, GDP, grew 4.8 percent in the first quarter of this year. Our economy has created more than 5 million good-paying jobs since August 2003, and the unemployment is lower than the average of the 1960s, 1970s, 1980s, and 1990s.

Despite the Democrats' efforts to paint a gloomy picture, Americans are reaping the benefits of our tax cuts and are thoroughly enjoying the success of our economic boom.

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