[Congressional Record Volume 149, Number 68 (Thursday, May 8, 2003)]
[House]
[Page H3766]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     IN SUPPORT OF THE TAX CUT PLAN

  (Mrs. MILLER of Michigan asked and was given permission to address 
the House for 1 minute.)
  Mrs. MILLER of Michigan. Mr. Speaker, I come from the Great Lakes 
State of Michigan, the home to the big three auto industry companies 
who are, of course, all absolutely outstanding corporate citizens. 
Following the terrorist attacks on our Nation on September 11, the big 
three helped keep our economy moving by offering incentives, like zero 
interest financing. Without, I think, this very innovative idea, I 
believe we could have seen an even steeper downturn in our economy.
  The economy needs stimulus and the President has offered a very 
strong jobs and economic growth package which I wholeheartedly support. 
During the President's recent visit to our State of Michigan, the 
leaders of the big three auto companies all endorsed the President's 
jobs package as the best idea to keep our economy rolling. They 
observed that by eliminating the double taxation of dividends that we 
would bring about a 6 to 15 percent increase in stock prices. Of course 
this would help employers to meet their responsibilities to retirees 
living on a pension and bolster the bottom line of every American with 
a 401(k).
  The President's plan is the best way that we can help families and 
retirees by putting more money back in their pockets and allowing 
businesses to create more jobs. I support the President's plan, and I 
urge my colleagues to do so.

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