[Congressional Record Volume 153, Number 110 (Wednesday, July 11, 2007)]
[House]
[Page H7631]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    PRO-GROWTH POLICIES ARE WORKING

  (Mr. McHENRY asked and was given permission to address the House for 
1 minute.)
  Mr. McHENRY. Mr. Speaker, tax receipts are up, and the deficit is 
down. Pro-growth policies are working. The President's tax cuts of 2001 
and 2003 have had an enormous impact on our economy and on government 
revenue.
  The Office of Management and Budget announced today that the Federal 
deficit is actually $205 billion, the lowest since 2002, the lowest 
since the tax cuts went into effect. What this shows is that with pro-
growth policies, the economy grows. And when the economy grows, tax 
receipts to the government go up as well. When that happens, we can 
balance this budget if we have the reasonable approach of restraining 
spending and keeping in place the tax cuts that were put in place in 
2001 and 2003.
  I urge my colleagues to continue this pro-growth policy of keeping 
taxes low and helping the American economy grow and prosper.

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