[Congressional Record Volume 151, Number 157 (Thursday, December 8, 2005)]
[House]
[Page H11225]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
AMERICAN ECONOMY FLOURISHES
(Mr. WILSON of South Carolina asked and was given permission to
address the House for 1 minute and to revise and extend his remarks.)
Mr. WILSON of South Carolina. Mr. Speaker, workers throughout our
country have over 4.25 million reasons to agree that the American
economy continues to improve under Republican leadership.
Since President Bush signed the Jobs and Growth Act of 2003, the news
about the economy has been overwhelmingly positive. 4.5 million new
jobs have been created. The unemployment rate is lower than the average
of the past three decades. The economy grew at 4.3 percent over the
past 10 quarters. Tax receipts increased by $274 billion in just one
year after the tax cuts, the largest increase ever due to economic
growth.
As the Republican Congress continues to pass legislation that will
decrease the tax burden upon American workers and eliminate excessive
government regulations, our economy will continue to flourish. We will
work hard to ensure that the American people, not the Federal
Government, have control over their hard-earned money.
In conclusion, God bless our troops, we will never forget September
11, and the lifetime of service of the late Governor Carroll Campbell.
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