[Congressional Record Volume 151, Number 92 (Monday, July 11, 2005)]
[House]
[Page H5615]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




ECONOMIC GROWTH: POLICIES OF REDUCING TAXATION AND LESSENING REGULATION 
                                  WORK

  (Mrs. BLACKBURN asked and was given permission to address the House 
for 1 minute and to revise and extend her remarks.)
  Mrs. BLACKBURN. Madam Speaker, today we are all returning from what 
has been a glorious July 4 celebration in our home communities, looking 
at what makes America great. And I was so pleased to pick up a stack of 
papers and leaf back through them, and I found an article of interest 
in the business section of The Washington Post, and the headline caught 
my attention: ``Economic Growth, Tax Receipts Combine to Reduce 
Deficit.''
  We all know The Post is generally not our friend, but it goes on to 
state that the deficit will be as much as $100 billion lower than the 
official forecasts and previous forecasts. Jobs growth is up 3.8 
percent, as opposed to what they thought would be the estimate, 3.5 
percent. Tax receipts are up.
  It just goes to prove, Madam Speaker, that the policies of reducing 
taxation, lessening regulation work are revitalizing, stimulating the 
economy.
  I commend our leadership for the tax reductions and look forward to 
more positive headlines.

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