OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Fiscal Responsibility

Date: June 19, 2006
Location: Washington, DC
Issues: Economy and Fiscal


FISCAL RESPONSIBILITY

Ms. FOXX. Mr. Speaker, there are two strikingly different philosophies at work here in Washington. On one side are fiscally conservative Republicans who want to cut government spending and rein in the Federal deficit. On the other side are Democrats who believe that raising taxes and spending tax dollars solves all problems. But we all know better than that.

Republicans are the party of fiscal discipline, reform, and accountability. We have been working very hard to exercise fiscal restraint and keep taxes low, and our economy is thriving as a result.

Last week, The Wall Street Journal reported that surging individual and corporate tax receipts in May have helped to reduce the Federal budget deficit down 16.6 percent from the same period a year earlier.

Mr. Speaker, fiscal restraint and tax relief are stimulating the economy and increasing tax revenues. The Treasury Department predicts that if these Republican policies continue, we will cut the Federal deficit in half well before President Bush's goal of 2009.

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