[Congressional Record Volume 151, Number 60 (Tuesday, May 10, 2005)]
[House]
[Page H3065]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                TAX CUTS

  (Mr. DREIER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. DREIER. Mr. Speaker, at the end of last week, we got reports of 
an unanticipated surge in revenues to the Federal Treasury. Many people 
on this House Floor from the other side of the aisle for a long period 
of time decried the prospects of the Bush tax cuts, saying that they 
would take our economy right into the tank and ensure that we would 
never be able to balance the Federal budget.
  Well, the fact of the matter is, Democrats and Republicans alike now 
talk about the need to focus on fiscal responsibility and turning the 
corner on the massive Federal deficit that we have. The single most 
important thing that we can do is to make sure that the economy is 
growing.
  And we, by virtue of putting into place the tax cuts in the last 3 
years, have actually dramatically increased through those tax cuts by 
29 percent the flow of revenues to the Federal Treasury, beyond what 
had been anticipated. Our policy of making sure that we grow the 
economy is critically important.
  Another component of that will be passage of the Central American 
Free Trade Agreement, which we will be voting on in the not-too-distant 
future. It is critically important that we keep this pro-growth agenda 
moving so that we can, in fact, have the revenues we need to balance 
the budget.

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