[Congressional Record (Bound Edition), Volume 149 (2003), Part 10]
[Extensions of Remarks]
[Page 13564]
[From the U.S. Government Publishing Office, www.gpo.gov]




APPOINTMENT OF CONFEREES ON H.R. 2, JOBS AND GROWTH RECONCILIATION TAX 
                              ACT OF 2003

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                               speech of

                           HON. SUE W. KELLY

                              of new york

                    in the house of representatives

                         Thursday, May 22, 2003

  Mrs. KELLY. Mr. Speaker, as chair of the House Financial Services 
Subcommittee on Investigations and Oversight, I would like to spend a 
moment discussing the Economic Growth Package and the work that was 
done by Chairman Thomas, other members of the Ways and Means Committee, 
the Republican Leadership and, of course, the White House. The 
subcommittee I chair was very interested in several aspects of the 
legislation and we conducted a hearing earlier this year to determine 
the extent of the impact of the dividend exclusion. The final product 
that has passed the House of Representatives will go a long way towards 
giving sectors of our economy the shot in the arm so necessary.
  Numerous business groups have been part of the process and I want to 
acknowledge the testimony of the National Association of Home Builders 
before my subcommittee on the president's package and their 
contribution in supporting the overall effort. I am also aware and want 
to acknowledge the effort of the home builders in working with the 
administration in the same manner, particularly the Department of 
Treasury. I very much appreciate their expertise, economic research and 
analysis to ensure that no part of the legislation had any unintended 
consequences for low income housing. As a result, we are now able to 
pursue an economic stimulus plan that is good for all segments of the 
housing industry and all segments of the economy of these United 
States.
  For the past two years, home building has been a leader in moving 
America's economy forward. Where many sectors of the economy have 
faltered, housing has remained a source of strength. Enactment of the 
economic stimulus package that is about to emerge from this Congress 
will ensure that housing continues to create the jobs and stimulate the 
economic growth that are needed to restore full prosperity for our 
nation's families and businesses.

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