[Congressional Record Volume 152, Number 95 (Wednesday, July 19, 2006)]
[House]
[Page H5387]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              THE ECONOMY

  (Mr. HENSARLING asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. HENSARLING. Madam Speaker, thanks to the tax relief passed by 
Republicans in Congress, our economy continues to roll, creating 5.4 
million jobs in just 2 years. And because our taxes have been lowered, 
Americans are working, saving, and investing even more.
  That means Republican progrowth tax policies have actually resulted 
in higher tax revenues, which in turn means that the budget deficit has 
now dropped from $423 billion to $296 billion.
  Madam Speaker, despite the opposition of the Democrats, the deficit 
is down, after-tax incomes are up, homeownership is at an all-time 
high, and more Americans are working today than ever before. In my 
district a worker in Mesquite is entering the workforce, a family in 
Jacksonville can better afford to send their daughter to college, a 
newlywed couple in Dallas can now put a down payment on a home, and a 
small business owner in Garland can hire three new workers.
  The numbers and stories reveal that tax relief is working and making 
the lives of Americans better. That is why we will continue to fight 
the Democrat agenda of excessive taxation, mind-numbing and senseless 
litigation that will only close down small businesses and hurt our 
jobs.

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