[Congressional Record Volume 152, Number 71 (Wednesday, June 7, 2006)]
[House]
[Page H3431]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


[[Page H3431]]
                      TAX RELIEF HELPS OUR ECONOMY

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. Mr. Speaker, a few weeks ago, the U.S. Department of 
Commerce reported that our Nation's real gross domestic product was 
revised from 4.8 percent up to 5.3 percent. That is the fastest growth 
of our GDP in 2\1/2\ years. That is not the only good news. Our economy 
has created 5.3 million jobs since May 2003. 75,000 jobs were created 
last month alone. Unemployment has dropped from 6.3 percent to 4.7 
percent, lower than the average of the 1960s, 1970s, 1980s, and 1990s. 
Personal income increased at an annual rate of 6.7 percent in April. 
The Treasury Department is reporting the highest annual tax receipts 
ever. The Federal budget deficit is $38 billion lower today than in May 
2003. Last month Republicans approved a tax conference agreement that 
will continue this economic boom, and once again, the Democrats fought 
to stop it. In fact, if Democrats had their way, we would all face a 
massive tax hike.
  Mr. Speaker, the Republicans will continue to hold the line on 
spending and extend tax relief for all Americans. We know that these 
for-growth policies work, and they will continue to foster economic 
growth.

                          ____________________