[Congressional Record Volume 149, Number 40 (Wednesday, March 12, 2003)]
[House]
[Pages H1752-H1753]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




         SUPPORT PRESIDENT'S PRO-GROWTH, PRO-JOBS TAX PROPOSAL

  (Mrs. BLACKBURN asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. BLACKBURN. Mr. Speaker, I rise to support a pro-growth, pro-jobs 
plan. The President's tax proposal is critical to our Nation's economic 
health. Critics describe tax relief for working families, small 
businesses, and investors as a ``cost'' we cannot afford. Viewing this 
as a cost is shortsighted and simply bad economic theory.
  If we look at the reality of the President's proposal, the reality of 
what tax relief will do, we know that this plan will generate enough 
jobs and tax revenues to reduce the so-called costs by 56.8 percent.
  A key component of the President's plan for growth is dividend tax 
relief. If

[[Page H1753]]

anyone doubts the need or wisdom of such a cut, I would refer them to a 
recent Washington Post commentary by Charles Schwab, who said he 
``can't think of any other tax policy that would, at one stroke, be 
more beneficial to ordinary investors.'' He predicted immediate 
benefits, with a stock market rise of 10 to 15 percent. Debates about 
cost are simply missing the point.
  Mr. Speaker, it is clear this plan will assist in jump-starting our 
economy. I encourage all my colleagues to join in passing this 
important legislation.

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