[Congressional Record Volume 153, Number 111 (Thursday, July 12, 2007)]
[House]
[Page H7662]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          THE GROWING ECONOMY

  (Mr. WALBERG asked and was given permission to address the House for 
1 minute.)
  Mr. WALBERG. Mr. Speaker, this week, news reports came out indicating 
our Federal budget deficit has continued to drop and our economy 
continues to grow due to tax relief policies passed by Congress in 2001 
and 2003.
  In spite of that good news, Democratic leadership in Congress is 
discounting advancements made possible by this tax relief by trying to 
slap U.S. taxpayers with a $400 billion tax increase that will slow our 
economy and its current progress.
  Additionally, Democrats piled $6 billion in new spending onto 
January's omnibus budget bill to finish the 2007 appropriations 
process, passed a budget for 2008 that is $20 billion more than the 
President's budget request, and added billions in extra spending to the 
few appropriations bills the House has passed.
  Raising taxes hurts American families, discourages innovation and 
hinders job creation. Let's work together in this Congress to make tax 
relief permanent and continue to grow our economy. Together, this 
Congress can foster further prosperity and build a better, brighter 
future for our country.

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