[Congressional Record Volume 149, Number 89 (Tuesday, June 17, 2003)]
[House]
[Page H5412]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   REAL RESULTS FOR WORKING FAMILIES

  The SPEAKER pro tempore. Pursuant to the order of the House of 
January 7, 2003, the gentleman from Texas (Mr. DeLay) is recognized 
during morning hour debates for 1 minute.
  Mr. DeLAY. Mr. Speaker, the American people are responding to the 
Republican party's economic agenda and we are responding to their 
needs. Our majority were elected in part to get the economy moving 
again, and the early evidence suggests we are delivering results for 
working families.
  On March 11, when the Committee on Ways and Means held its first 
hearing on the President's Job and Growth Package, the Standard and 
Poor's 500 Index stood at just above 800. Yesterday it closed above 
1,000, a 25 percent increase in the stock market in just 3 months.
  The long suffering NASDAQ Composite Index has risen almost 10 percent 
just since the President signed the Jobs and Growth Package a few weeks 
ago. All totalled, $1.9 trillion in equity value has been created by 
the American people in fewer than 100 days. That is college savings, 
pension funds and individual retirement accounts. That kind of wealth 
creation leads to more investment, which leads to job creation and, 
ultimately, leads to economic growths. It may be too soon to call this 
a bull market, Mr. Speaker, but it is starting to move.
  And in the face of this positive response from the American people, 
we are going to keep moving our agenda of job creation, growth and 
economic opportunity to help our citizens fulfill America's promise.
  Last week we extended the life of the $1,000 child tax credit, 
extending its benefits to millions of working and middle class 
families. We took millions off the Federal tax rolls all together, and 
got rid of the child tax credit's marriage penalty.
  Our commitment to a family-friendly Tax Code will not stop there, 
because this week the House will consider legislation to make the 2001 
repeal of the death tax permanent. After all, if we have the right to 
pass on a family business or farm to our spouse and children, why 
should our children and grandchildren not have that same right? Of 
course they have should, because economic security does not come with 
an expiration date.
  Mr. Speaker, the Republican agenda for economic growth and 
opportunity will create new jobs and improve current jobs. That is what 
the American people expect and it is exactly what we are delivering.

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